Newsbriefs

BAND CROWS ABOUT LOST PROFITS

Band members of the rock group Black Crowes have sued Lloyd’s of London in L.A. Superior Court, alleging that it...

GALLAGHER ACQUIRES TEXAS AGENCY

Arthur J. Gallagher & Co. has acquired Madison Scott & Associates, Inc. of Amarillo and Houston, Texas. The agency has...

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...

CUT IN FLOOD PROGRAM WEIGHED

While the merits of President George Bush’s proposed budget are still being weighed, one of the items getting attention in...

STATE FARM REPORTS DROP

State Farm Insurance Cos., the nation’s largest personal lines insurer, announced Feb. 28 that its net income dropped 60 percent...

VP’S LEAVE FRONTIER

Frontier Insurance Group Inc. announced on March 2 the resignations of Patrick Kenny, executive vice president and chief financial officer;...

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