Newsbriefs

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...

MORE TROUBLE FOR QUACKENBUSH

Deputy Commissioner George Grays added his resignation to the current tumult at California Insurance Commissioner Chuck Quackenbush’s office. Grays reportedly...

IIAA CONF. KICKS OFF

The 24th Independent Insurance Agents of America (IIAA) National Legislative Conference will be held May 1-3 at the Grand Hyatt...

PRIVACY FAILS

The California Assembly Banking and Finance Committee rejected Assembly Bill 1707 on April 24, marking the second time in a...

CELERITY SNATCHED UP

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

SUPERIOR DELISTING

Superior National Insurance Group has voluntarily withdrawn its listing on the Nasdaq National Stock Market. Superior National does not meet...

METLIFE IPO

In its much ballyhooed initial public offering, Metropolitan Life Insurance Co., the number two U.S. insurer, raised $2.88 billion—less than...

THE HERD HAS MOVED

Old American County Mutual Fire Insurance Co., along with Old American Insurance Services of Louisiana, Old American Insurance Services and...

CIAB VOICES CONCERN

The chairman of The Council of Insurance Agents and Brokers said much work needs to be done to stop state...

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