Newsbriefs

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...

PRUDENTIAL CLASS-ACTION

A federal class-action lawsuit filed this week against Prudential Insurance and its healthcare subsidiaries may affect several million people across...

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...

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...

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