Newsbriefs

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...

STATE AUTO TO PURCHASE MERIDIAN

Meridian Insurance Group will be purchased by State Auto Financial Corp. of Columbus, Ohio. The company will pay $30 a...

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...

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