Newsbriefs

GLOBAL TRAVELERS

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

NAIC TARGETS PRIVACY

The National Association of Insurance Commissioners Privacy Working Group has passed a resolution providing for uniform compliance of privacy regulations...

LOSSES FOR ALLSTATE

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

PRIME TIME

The Hartford has launched a new television ad promoting tailored small business insurance solutions. The new ads focus on a...

INSURING THE UNINSURED

California legislators hope to reduce the number of uninsured motorists in Los Angeles and San Francisco by offering low-income residents...

PROGRESSIVE RATINGS LOWERED

A.M. Best has lowered the financial strength rating of the Progressive Casualty Pool to A+ from A++, reflecting the group’s...

FLORIDA TAKES THE LEAD

Florida has been authorized to negotiate a nationwide settlement with American General Corp., which has admitted to charging nearly 350,000...

SAGEMAKER LAUNCHES PORTAL

SageMaker Inc., the e-business portal solutions company, introduced the launch of the first business portal designed exclusively for the insurance...

FRANKEL PLEADS GUILTY IN GERMANY

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

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