Newsbriefs

EXCESS CAPITAL AS BLESSING, CURSE

The property/casualty industry could return capital to its stakeholders without risking rating downgrades or insolvency, according to A.M. Best Company,...

AIG ON THE MOVE

AIG gave further evidence of its confidence in Japan’s economy on Feb. 6, with the announcement that the U.S. giant...

NAII IN FAVOR OF FILE AND USE

The NAII testified Feb. 14 in favor of Senate Bill 4 before the Nevada Senate Committee on Commerce and Labor....

UTAH LEGISLATURE PASSES W/C BILL

The Utah State Legislature has passed HB 59, allowing subsidiaries of the state workers’ compensation fund to sell insurance to...

AMWEST RESTRUCTURES BANK DEBT

Calabasas-based Amwest Insurance Group has reached an agreement with Union Bank of California, N.A. to restructure its outstanding $13,633,077 term...

NAAA FIRES BACK AT ALLIANCE

Following the American Agents Alliance’s recent announcement that the organization was disaffiliating from the National Auto Agents Alliance, NAAA Past...

TEXAS AGENT INDICTED

A Travis County grand jury has indicted Larry Wallace of Wallace Insurance Agency and Ruben Perez of Artisan Masonry for...

“PIRATE” ATTACKS UP

According to the International Maritime Bureau, modern day piracy is on the increase with a record 469 attacks on shipping...

AMWEST CUTS BACK

Calabasas, Calif.-based Amwest Insurance Group Inc. announced it will reduce its workforce from 347 to about 255 and close branches...

ALLSTATE AGENT TALKS BREAK DOWN

Talks between Allstate Corp. and more than 300 of its captive agents to settle a long-running dispute over contractual changes...

Newsbriefs Archives by Month