Newsbriefs

WORKERS’ COMP WOES

The nation’s workers’ compensation insurers suffered an 86 percent decline in profits, to $144 million during the first nine months...

KINGSWAY ENTERS U.S. AUTO MARKET

Kingsway Financial Services has entered into an agreement with The Access Group to underwrite private passenger auto insurance in the...

FAULTY COMP CALCULATIONS

Tacoma, Wash.-based Labor Ready owes the state close to $500,000 because it misclassified employees when calculating workers’ compensation premiums. Auditors...

PUSHING THE ‘FLEMING FIX’

The Oregon Senate Business, Labor and Economic Development Committee moved a bill designed to correct a controversial state Supreme Court...

ACCELERATION INTO LIQUIDATION

The Franklin County [Ohio] Court of Common Pleas granted an order on Feb. 28 placing Acceleration National Insurance Company, an...

SPECIAL PRESENCE IN ARIZONA

Arizona has awarded State National Specialty Insurance Co. a certificate of authority for writing multiple lines of insurance. This authorization...

NO LIMIT TO WRAPAROUNDS

SB 44, a bill that limits the use of consolidated insurance programs (CIPs), commonly known as wrap-around insurance programs, would...

PRC TO BUY INSURITY SOLUTIONS

PRC Corp., a subsidiary of ChoicePoint® , entered into an agreement to purchase 100 percent of the stock of Insurity...

DIGGING UP OFFSHORE FRAUD

The California Department of Insurance (CDI) Criminal Investiga-tions Branch reported evidence that fraudulent certificates of insurance have been issued to...

ACCEPTANCE SELLS P/C TO HANNOVER

Acceptance Insurance Cos. Inc. of Omaha, continuing to exit its property and casualty businesses, announced on March 2 it has...

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