Newsbriefs

TEXAS APPROVES MANDATORY ENDORSEMENT

Texas Insurance Commissioner Jose Montemayor has approved changes to residential property insurance policies that will provide additional coverage when compliance...

RUSHMORE TO PURCHASE DALLAS AGENCY

Rushmore Financial Group Inc. announced its planned acquisition of a group of financial services companies located in Dallas. The companies...

SWISS RE CAT ESTIMATES FOR 2000

Swiss Re published the following preliminary estimates of the losses caused by natural and man-made catastrophes in the year 2000:...

TAYLOR HAS EYE ON AON

Max Taylor, who will complete three years in office as chairman of Lloyd’s at the end of this month, will...

BOEING UNDER FIRE FOR CRASH

Singapore Aviation & General Insurance Co. filed a complaint in Federal District Court in New York to recover damages from...

RENWICK TO HEAD PROGRESSIVE

Progressive Corp. Chief Executive Peter Lewis is stepping down and will be replaced by Glenn Renwick effective Jan. 1, 2001....

MORGANS PLEAD GUILTY

The owners of a San Jose, Calif., insurance agency who duped customers out of more than $10 million pleaded guilty...

NO RULING FOR NORTHRIDGE

The California Supreme Court refused to rule in a case brought forward by several insurance groups that contested the constitutionality...

NYSE MAY DELIST 2 INSURERS

The New York Stock Exchange announced Dec. 5 that it plans to suspend trading in the common stock and other...

GETTING INTUITIVE

Intuit Inc. and InsWeb Corp. announced on Nov. 27 they have reached a set of definitive agreements to allow InsWeb...

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