Newsbriefs

COTTON PICKIN’ SCAM

Insurance fraud is suspected in a case in Georgia in which someone buried a cotton picker—a machine the size of...

ST. PAUL SEARCHES FOR NEW CHIEF

On Aug. 25, The St. Paul Companies began the search for its next chief executive following a mutual decision that...

L/H PROFITS DROP $203 MILLION

The nation’s life and health insurers experienced a $203 million, or 1.6 percent, decline in operating profits during the first...

AUTO FRAUD ON THE INTERNET

After becoming aware of a company selling fraudulent auto policies on the Internet, Connecticut Insurance Commissioner Susan F. Cogswell is...

ZURICH ACQUIRES CNA ENERGY

Zurich Global Energy, the energy unit of Zurich Financial Services Group, and All American Marine Slip, a unit of MOAC,...

QUAKE BILL HEADS TO GOV.’S DESK

SB 1899, a bill that could give thousands of Northridge earthquake victims another chance to file damage claims, is on...

GEICO ADMITS OHIO VIOLATIONS

Maryland-based GEICO Corp. has admitted to violating Ohio’s consumer protection laws by allowing unlicensed agents to quote rates and discuss...

BROKER FEE REGS PASS OAL

On Aug. 25, the proposed broker fee regulations were approved by the Office of Administrative Law (OAL) and were filed...

AIG TO ACQUIRE HSB GROUP

American International Group Inc. and HSB Group, Inc. have entered into a definitive agreement whereby AIG will acquire 100 percent...

WILDFIRES WON’T QUIT

Nearly 65,000 wildfires have burned more than 4.3 million acres this year, causing an estimated $100 million in insured property...

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