Newsbriefs

CONSECO EARNINGS IMPROVING

In its third quarter earnings release, Conseco announced improved earnings from operations and a series of one-time charges as new...

NAFTA MORATORIUM

Presidential candidates George W. Bush and Al Gore are being urged by the National Association of Independent Insurers to maintain...

SAFECO UPS PREMIUMS

Struggling insurer Safeco will raise premiums in an effort to right itself and its balance sheet after another quarter of...

NAII’S MOST WANTED

According to a recent survey compiled by the National Association of Independent Insurers, medical fraud rings, staged auto accidents, arson,...

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...

TEXAS FIRESTONE SETTLEMENT

A verbal agreement has been reached between Bridgestone/Firestone Inc. and the relatives of a Texas couple who died after a...

UNIFORM REGULATIONS SOUGHT

The Texas Senate Economic Development Committee has approved a staff recommendation for the uniform adoption of state regulations set forth...

DECISION SOON IN LLOYD’S CASE

The judge’s decision in the Jaffray case against Lloyd’s is expected within the next two weeks. The suit by some...

CGNU TO SELL STATE INSURANCE

Following a review of its New Zealand p/c business, CGNU, the U.K.’s largest insurer, announced plans to sell its affiliate...

SORRY, CHARLIE

California Insurance Commissioner Harry Low released a statement on Oct. 19 that the California Department of Insurance (CDI) will not...

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