Newsbriefs

CELERITY SNATCHED UP

HNC Insurance Solutions, a wholly owned subsidiary of San Diego-based HNC Software Inc., recently acquired Celerity Technologies, a provider of...

LURED BY COMMISSIONS’

Insure.com issued a report entitled “Hidden Rivers of Incentive: How Agent Commissions Affect Your Insurance Shopping,” that tells consumers how...

REDLINING CASE SETTLED

A racial discrimination lawsuit filed by a Richmond fair-housing group against Nationwide Mutual Insurance Co. has been settled out of...

SAFECO TAKES LOSS

Seattle-based SAFECO Corp. announced that both Property & Casualty and Life & Investments operations performed below expectations during the first...

TAKING IT TO THE BANK

An application by General Motors to move into banking by setting up a federal thrift was approved on April 20...

ALL WRAPPED UP

Citigroup has completed its cash offer to purchase all outstanding shares of Class A common stock of Travelers Property Casualty...

PROTEGRITY SOLD

Protegrity Services Inc., formerly Humana Workers’ Compensation Services, has successfully completed its sale by Humana Inc. through a management buyout....

REDLAND DEAL

Clarendon Insurance Group has signed a definitive agreement to purchase Redland Insurance Co. from Acceptance Insurance Companies Inc., inking a...

RESIGNATION CALL

Large investors, angry over the plunging value of Conseco shares, are calling for Chairman Stephen Hilbert’s resignation. Over the last...

PARTNER RE TO SELL SCOR

Bermuda-based PartnerRe has reached an agreement with France’s SCOR Group to sell its U.S. life reinsurance business, PartnerRe Life Insurance...

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