Newsbriefs

U.S. TOBACCO FIRMS SUED BY EU

Philip Morris and R.J. Reynolds were named in a complaint by the European Union’s governing commission for complicity in the...

E.W. BLANCH EXPLORES OPTIONS

Insurance broker E.W. Blanch Holdings Inc. is considering strategic alternatives with its financial adviser Lazard, including a sale of the...

ZENITH REPORTS LOSS

Zenith National Insurance Corp. reported an operating loss after tax of $5.1 million, or 30 cents per share, for the...

BUDGET GETS TWO THUMBS UP

The National Association of Insurance Commissioners’ (NAIC) Internal Administration Subcommittee approved the association’s budget for 2001 following a public hearing...

HOLOCAUST PROGRESS REPORT

Deborah Senn, Insurance Commissioner of Washington State, announced that she will hold a public hearing on Nov. 20 to assess...

CRASH TARNISHES AIRLINE’S RECORD

A spokesman for Singapore Airlines admitted that the company’s L.A.-bound 747 which crashed and burned on takeoff from Taiwan’s Taipei...

GOOD NEWS FOR MARSH

Marsh & McLennan Companies (MMC) reported strong revenues and earnings for both the quarter and nine months that ended Sept....

BERK HATHAWAY UPS LONDON PRESENCE

CGNU announced that it intends to exit the Lloyd’s market and is selling its Marlborough Underwriting Agency to the Berkshire...

ALLIANZ IS COMING TO AMERICA

Confirming earlier reports, Germany’s Allianz said it had won approval from the SEC to list its shares on U.S. stock...

CAT LOSSES REACH 11-YEAR LOW

U.S. property/casualty insurers will pay homeowners and businesses $315 million for insured catastrophe losses—the lowest third-quarter amount in 11 years...

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