Newsbriefs

ANOTHER ONE BITES THE DUST

The Seibels Bruce Group Inc. is discontinuing its Nashville nonstandard automobile managing general agency operations, Graward General Companies, Inc. (Graward)....

WENDT WOOED AND WON

Gary C. Wendt has been named chairman and CEO of Conseco Inc., effective immediately. Wendt is the former chairman and...

e-GADS! e-BUSINESS IMPACT

Online sales in personal lines insurance will have cornered a market share of 5-10 percent in the U.S. and 3-5...

E-SIG BILL SIGNED

“And all of you young people will someday look back on this day … and marvel that it was considered...

AFG FACES SUIT, LOWER RETURNS

American Financial Group Inc.’s second quarter earnings from insurance businesses will be negatively impacted by certain litigation charges and lower...

OPL TO BUY RELIANCE RE

Bermuda-based Overseas Partners Ltd. (OPL) has agreed to acquire Reliance Reinsurance Company from Reliance Insurance Co., but will not assume...

FRANKEL FIGHTS CHARGES

Fugitive financier Martin Frankel, whose extradition from Germany to face charges of multiple insurance fraud is being sought by the...

CLAIMS, LICENSING BILLS MOVE

The Senate Insurance Committee approved AB 393, the agent licensing bill, and AB 481, the claims bill, at a hearing...

OVERSEAS TO BUY RELIANCE RE

Bermuda-based Overseas Partners Ltd (OPL) has agreed to acquire Reliance Reinsurance Co. from Reliance Insurance Co., but will not assume...

WASH. RULING IS A VICTORY

The Washington State Supreme Court decided unanimously to affirm a lower court’s ruling that insurers need not include all possible...

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