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...

RELIANCE LOOKS FOR HELP

Reliance Group Holdings Inc. may seek bankruptcy protection in order to restructure its debt. The company, which is experiencing mounting...

NAPSLO HEADS TO THE WINDY CITY

The National Association of Professional Surplus Lines Offices (NAPSLO) is geared up for its 26th annual convention, to be held...

BERKSHIRE HATHAWAY DROPS

Berkshire Hathaway’s second quarter operating profit fell 18 percent, with much of the loss attributed to deteriorating underwriting in its...

PAULA NEGOTIATES QUOTA SHARE

PAULA Insurance Company entered into a prospective quota share reinsurance agreement with the Insurance Corporation of Hannover (ICH). The treaty...

PADRES SUE LLOYD’S

The San Diego Padres filed a lawsuit in U.S. District Court against Lloyd’s of London for the insurance consortium’s alleged...

FRONTIER SUED IN NY

A class action lawsuit was filed in U.S. District Court for the Southern District of New York on behalf of...

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