Newsbriefs

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...

GAINSCO TO EXIT COMM. TRUCKING

GAINSCO has reported a third quarter loss of approximately $7.6 million. As a result, the company has concluded it will...

PRODUCERS LLOYDS GOES ONLINE

Amarillo, Tex.-based Producers Lloyds Insurance Co., one of the country’s largest crop insurance companies, has begun offering farmers their crop...

TWCIF GETS IN THE GIVING SPIRIT

The Texas Workers’ Comp. Insurance Fund has plans to pay roughly $25 million in dividends to select policyholders this month,...

DEEP WATER FOR JIM BROWN

Louisiana Insurance Commissioner Jim Brown is scheduled for sentencing Jan. 31, 2001, on federal charges stemming from the Cascade Insurance...

AMERICAN STATES RENAMED

SAFECO subsidiary American States Business Insurance will now be called SAFECO Business Insurance. The change comes three years after SAFECO...

E.W. BLANCH CONSIDERS SALE

Insurance broker E.W. Blanch Holdings Inc. is exploring strategic alternatives including a sale of the company. The move comes after...

AON CUTS 3,000 JOBS

Aon Corp. reported it will cut 3,000 jobs, or 6 percent of its work force, and take up to $325...

RELIANCE THWARTS BANKRUPTCY

Reliance Group Holdings has once again pushed back a repayment deadline, allowing the company to stave off any bankruptcy filings....

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