More P-C Companies Hit With Class Actions.

National Underwriter Property & Casualty-Risk & Benefits Management, March, 2000 by SCLAFANE, SUSANNE

Although the usual role of property-casualty insurance companies in securities class-action law-suits is providing directors and officers liability coverage, p-c carriers and insurance services companies are not immune from being named as defendants. Acceptance Insurance Companies, Inc., Policy Management Systems Corp.

and Symons International Group are the most recent companies in the p-c sector to become securities class-action targets in 2000. The three have all denied allegations in the suits. (Including the three companies, there are eight with ties to the p-c industry that have had federal securities class actions filed against them since 1996, according to Stanford University's Securities Class Action Clearinghouse Web site,...

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