Newsbriefs

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...

ANOTHER NORTHRIDGE AFTERSHOCK

The Alliance of American Insurers, based in Downers Grove, Ill., along with several other insurance groups, filed an amicus curiae...

CALLING ALL YOUNG AGENTS

The Young Brokers and Agents Committee (YBAC) has been hard at work planning the 26th Annual Young Brokers & Agents...

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,...

PROGRESSIVE EXEC LEAVES CO.

Progressive Corp. announced that Charles B. Chokel, executive vice president and chief investments and capital officer, has left the company....

W.R. BERKLEY BEGINS PUBLIC OFFERING

Greenwich, Conn.-based W. R. Berkley Corp. announced the commencement of a public offering of 2,700,000 shares of its common stock,...

ARGONAUT MOVES TO SAN ANTONIO

Argonaut Group Inc. is relocating its corporate headquarters to San Antonio as a cost-cutting measure, and creating about 80 new...

G&M MARINE ENTERS TEXAS

G&M Marine Inc., a 36-year-old marine insurance managing general agent headquartered in New Orleans, La., has established a branch office...

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