Newsbriefs

EDS WITHDRAWS OFFER

Plano-based Electronic Data Systems Corp. has withdrawn its offer to buy Policy Management Systems Corp. for $700 million. The announcement,...

WORKERS’ COMP FRAUD

In a case that uncovered a pattern of fraudulent activity, Protegrity Services Inc.’s Special Investigation Unit recently proved in federal...

METLIFE GOES TO THE BANK

MetLife subsidiary Metropolitan Life Insurance Company has taken the first step toward offering banking services to customers by establishing a...

ONLINE CURRICULUM

InsuranceStudy.com has unveiled its curriculum of interactive online continuing education courses designed specifically for use by insurance industry professionals. The...

MARYLAND DEREG BILL

Maryland Gov. Parris Glendening signed legislation last month removing form-filing requirements for commercial insurers and sophisticated clients. Senate Bill 598...

INSURECONNECTION.COM

InsureConnection.com has launched its new site for insurance shoppers, allowing online consumers to compare personal insurance quotes from a variety...

RECIPROCAL LICENSING

Missouri has become just the second state this year to pass legislation streamlining insurance producer licensing, action that 27 other...

COURT RULES FOR ACE

The Superior Court of the State of California recently made a ruling favorable to ACE Ltd. in a lawsuit brought...

FRONTIER TO SELL REGENCY

Frontier Insurance Group has entered into a definitive agreement to sell Regency Insurance Company to Tomoka Re Holdings Inc., an...

WATCHDOG BILL ON HOLD

Assembly Bill 1738, the bill that would form a consumer “watchdog” association for the insurance industry, didn’t get far in...

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