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...

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...

DOCS FALSIFY CLAIMS

A recent study suggests that doctors manipulating reimbursement rules so that their patients can receive the care they need is...

NEBRASKA DEREG

Nebraska has become the fourth state this year to enact a law deregulating the commercial lines rate and form filing...

HIGHLANDS SUES

The former insurance unit of Dallas-based Halliburton Co. is suing the energy services, engineering and construction company over 22,000 asbestos...

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