Newsbriefs

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...

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 INSURANCE SIDE OF SEARS

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

STATE FARM WILL PAY

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

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...

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...

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