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...

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...

WILLIAM GAMMON ADDS PEO DIVISION

Austin-based William Gammon Insurance has unveiled its new Professional Employer Organization division. The PEO division offers small businesses with between...

TEXAS AGENT INDICTED

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

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