Newsbriefs

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...

RACKLEY UNVEILS WINDOWS-BASED PRODUCT

Rackley Systems released a new version of its comparative commercial lines rating software—Rackley Systems for Windows. The software is available...

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,...

ACE TO SPLIT

a move to enhance company efficiency, Hamilton, Bermuda-based ACE Ltd. announced its plans to divide its operations into two units....

BANKING ACT BRINGS INSURER PROTEST

The Independent Insurance Agents of America (IIAA) and the National Association of Insurance and Financial Advisors (NAIFA) expressed opposition to...

CAR-BUYING QUIRKS

A survey of consumers’ new car-buying attitudes conducted by Progressive Insurance finds that many people place a higher value on...

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