How much liability insurance should I have?” Now there’s one tough question that’s occasionally asked by commercial clients. Unfortunately, I’m not so sure there’s really a good answer. A similar question for insurance agents to ask ourselves is “just how …
Former Louisiana Gov. Edwin Edwards will not face trial for insurance fraud charges until Sept. 18. The trial, originally scheduled to begin Aug. 21, was postponed due to schedule conflicts with the federal judge assigned to the case, U.S. District …
Prudential Insurance Co. of America and MetLife are defending themselves against alleged racial discrimination in their sale of insurance policies. Prudential acknowledged it did take part in race-based pricing in the past, but stopped the practice in the 1950s. The …
Vesta Insurance Group’s operating units have completed an insurance securitization transaction through the private placement of $50 million in catastrophe reinsurance-linked notes and common stock. The move is expected to provide loss protection related to hurricanes in the Northeast U.S. …
UBS AG will buy PaineWebber Group Inc. for $10.8 billion, giving the No. 1 Swiss bank access to millions of wealthy U.S. investors. The deal values PaineWebber, the No. 4 U.S. brokerage, at $73.50 a share, and spurred a rally …
Frontier Insurance Group has completed the sale of Regency Insurance Company to Tomoka Re Holdings, an affiliate of Tower Hill Insurance Group, for $7.1 million. The sale is part of the company’s corrective action plan. The proceeds of the sale …
Kemper Solutions has entered into a strategic alliance with Castlebridge Partners to jointly develop risk management products and services that combine insurance and capital market features. Kemper Solutions and Castlebridge will collaborate on such products as: Price caps and floors …
The ability of insurance companies to detect fraudulent claims by cross-checking them in “all-claims” databases will become keener as insurers adopt new methods of reporting and coding claims, according to the Insurance Services Office. More than 4,000 insurers, self-insured entities …
States representing more than 86 percent of the American General policyholders that paid race-based life insurance premiums have ratified a multi-million-dollar penalty and restitution settlement negotiated by Florida Insurance Commissioner Bill Nelson. Ratification of the settlement by insurance regulators from …
Online retail sales are expected to reach $152 billion by 2002. And, while only a few of today’s online retailers may survive the ongoing industry shakeout, a recent report found that those that do survive will keep a strong hold …
