Newsbriefs

CNA GOES SAILING ON THE INTERNET

CNA Maritime has established “Ocean Marine Manager network interface,” (OMMni), “an automated cargo insurance system accessible over the Internet.” Designed...

SENATE GRANTS CHINA PNTR STATUS

The U.S. Senate passed a bill granting China permanent normal trading relations (PNTR), thus clearing one of the final obstacles...

MOVING MOUNTAINS

White Mountains Insurance Group agreed to buy the U.S. property/casualty operations of British insurer CGNU Group for $2.1 billion. The...

WHO WILL BE AIG CEO’

American International Group President and Chief Operating Officer Evan G. Greenberg resigned Sept. 19 from the company “to pursue other...

SURCHARGE ON HOLD

The Independent Insurance Agents of America (IIAA) and the National Council of Compensation Insurers (NCCI) agreed to delay for at...

SELECTING MARKET LEADERS

Market-Scout, a Dallas-based e-commerce company, selected CNA as its “Best of Class” insurer for Human Services and Advanced Medical Technologies....

AT LIBERTY TO CHANGE

Liberty Mutual Insurance Co. plans to reorganize to a mutual holding company in an effort to give itself room to...

CHUBB GETS CLUBBED:

The law firm of Milberg Weiss Bershard Hynes and Lerach announced that a class action lawsuit was filed on August...

CHECKS AND BALANCES

The chief financial officer of a hospital, who oversaw all workers’ comp claims, has been convicted of falsifying documentation on...

BLOWN OUT OF THE WATER

Texas Insurance Commissioner Jose Montemayor ordered a London-based “foundation” to pay a $500,000 fine and to stop offering boat insurance...

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