Newsbriefs

RACIAL BIAS SUIT SETTLED

American General Corp. expects to make a $175-million second-quarter aftertax charge to settle a lawsuit claiming one of its subsidiaries...

ACQUISITION HUNT

Arthur J. Gallagher & Co. has completed four insurance agency acquisitions, purchasing Davis-Poston & Assoc. of Dallas; Bultman/Bell Associates of...

ITC HOSTS 1st GOLF CLASSIC

The San Diego Chapter of Insuring The Children will raise funds for the prevention of child abuse with its inaugural...

NO MORE (DEATH) TAXES!

This month’s Congressional vote to eliminate the so-called death tax has the Independent Insurance Agents of America very pleased, though...

WSSLC ON THE WATERFRONT

The Surplus Line Association of Idaho is the host for the 32nd Annual Western States Surplus Line Conference, July 30-Aug....

ASSURANCE PARTNERS BANK OPENS

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

POOR NEWS FOR PROGRESSIVE

Progressive Corp. is estimating its second-quarter profits will fall below Wall Street consensus estimates because of poor underwriting results worsened...

JUST LIKE THE LOTTERY

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

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...

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...

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