INSURANCE BRIEFS

INSURANCE BRIEFS

EMPIRE BLUE CROSS ENDS

'93 BID FOR RATE HIKE

NEW YORK - Empire Blue Cross and Blue Shield has backed away from a confrontation with state regulators and agreed not to go through with a rate increase for more than 400,000 of its non-group customers and families at the end of the year.

While the state's largest health insurer said its financial outlook was brightening, it warned late last week it would probably seek another rate increase in 1994.

The hike was actually approved by Insurance Superintendent Salvatore Curiale late last year, but its full impact was delayed until the end of 1993

because of a special bailout of Empire passed by the Legislature. The insurance department said it would block the increase.

Now Empire is saying that the full increase won't be necessary.

NAPSLO ELECTS OFFICERS

AT ANNUAL MEETING

ATLANTA - David R. Hartoch, president and chief operating officer of Sherwood Insurance Services of Woodland Hills., Calif., was named president of the National Association of Professional Surplus Lines Offices (Napslo).

Mr. Hartoch, elected Saturday during Napslo's annual meeting, succeeds Robert Angle of Montgomery & Collins Inc. in Glastonbury, Conn.

Also elected were Eugene J. Eisenmann, president of HEATH Insurance Brokers of Dallas, vice president; Maureen C. Caviston, branch manager at Bryson Associates Inc. of New York, secretary; and Gary D. Westphalen, president of Westphalen, Bradley & James Inc., of Oklahoma City, treasurer.

INDIA INSURANCE UNIONS

POSTPONE 1-DAY STRIKE

NEW DELHI, India - Insurance and bank unions, which had planned to go on a nationwide one-day strike today, have postponed the protest because of the earthquake that devastated western India and left at least 20,000 people dead.

The unions decided to postpone the strike to ensure that relief and rescue operations are not disrupted. A spokesman said the membership will meet Oct. 12 to set a new date.