Newsbriefs

U.K. AUTO RATES ON THE RISE

Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months, warned...

PURCHASING INSURANCE ONLINE

IDC released its market forecast for online sales of personal property and casualty insurance, predicting the Internet will influence 37...

BERKSHIRE HATHAWAY’S PROFITS FALL

Warren Buffett’s magic touch has gone on vacation for a spell. Berkshire Hathaway’s second quarter operating profit fell 18 percent....

IT’S UNANIMOUS

On Aug. 24, the full Assembly approved retired Court of Appeal Justice Harry Low’s appointment by Governor Gray Davis to...

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...

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