Newsbriefs

ASSURANCE PARTNERS BANK OPENS

Assurance Partners Bank, a specialized bank founded by the insurance industry to provide banking products and services to insurance companies...

DEATH TAX IS DYING

Congress’ recent vote to eliminate the so-called “death tax”-which is levied on monetary assets and property owned by a person...

JUST LIKE THE LOTTERY

State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49...

FRANKEL ADMITS TAX EVASION

Martin Frankel, the financier that bilked several U.S. insurance companies of millions of dollars before disappearing and launching an international...

THE BEGINNINGS OF FRAUD

A significant number of Americans surveyed—35 percent—believe that it is alright to exaggerate insurance claims under certain circumstances, according to...

STATE FARM WILL PAY

State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49...

THE INSURANCE SIDE OF SEARS

The Hartford Financial Services Group and Sears, Roebuck & Co., have signed an agreement to market home and auto insurance...

GLOBAL TRAVELERS

Travelers Insurance, a unit of Citigroup, announced that it was setting up an International Insurance Division with Robert J. Price,...

SUPPORT FOR CLASS ACTION REFORM

The majority of respondents to a recent Insurance Research Council (IRC) survey of U.S. households support changes in the way...

LOSSES FOR ALLSTATE

April and May produced $340 million in catastrophe losses for Allstate Corp., whose June 15 announcement triggered a 7 percent...

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