Newsbriefs

BREAKTHROUGH IN WTO

On May 19, the European Union and China announced that they had reached a compromise on the terms of a...

COURT RULES FOR ACE

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

ITC, RACKLEY TEAM UP

Dallas-based Insurance Technologies Corp. (ITC) has partnered with Rackley Systems to provide commercial lines rating software to ITC’s existing customers....

PRESIDENTIAL VIEWS

President Bill Clinton told independent insurance agents from around the nation that a tax credit for long-term care, Medicare prescription...

CONSECO CONCERNS

Conseco has signed a commitment letter to sell some of its assets to Lehman Brothers Bank and affiliates. Pursuant to...

WORKERS’ COMP DECLINE

Workers’ compensation benefit payments and costs declined relative to wages in 1997 and 1998 according to a report released today...

CONTINENTAL DERIDE

Continental Casualty Co. has agreed to pay nearly $135,000 in refunds to approximately 250 Mississippi residents as a result of...

GERMAN EXPANSION

Allianz and Munich Re are planning to reduce mutual cross-shareholdings worth more than $7 billion, while selling off some holdings...

S&P QUEASY ON CA. W/C

Standard & Poor’s (S&P) has placed its ratings on several insurance companies with significant exposure to the California workers’ comp...

SPEEDY RELIEF

A company’s prompt reporting of workers’ injuries can have a considerable influence on its bottom line, a new study by...

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