Newsbriefs

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...

YATES/CHAIX SETTLE

Yates & Associates Insurance Services and R.E. Chaix & Associates agreed to an out-of-court settlement in the lawsuit filed March...

OFFICIALS WANT DEALS VOIDED

On Nov. 20, California Attorney General Bill Lockyer, joined by Insurance Commissioner Harry Low, asked a court to void controversial...

NEW PAGE FOR RENTAL CARS

Effective Jan. 1, 2001, rental car companies that offer or sell insurance must be licensed by the California Department of...

BROKER FEE REGS TAKE EFFECT

The new CDI broker fee regulations went into effect on Nov. 23. The regulations require that agents use a Standard...

THIRSTY SETTLEMENT FOR COKE

A racial discrimination lawsuit brought by black employees of Coca-Cola Co. has ended in settlement as Coke agreed on Nov....

COMM. P/C RATES HARDEN

Property/casualty rates for small, medium and large commercial lines continued to rise between July 1 and Sept. 30, according to...

BERKSHIRE SEEING DOUBLE

Warren Buffett’s Berkshire Hathaway reported third-quarter profits this year nearly doubled from 1999. Modest insurance holdings gains helped Berkshire see...

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