Monthly Archives: July 2000

ONE MONTH REPRIEVE FOR EDWARDS

Former Louisiana Gov. Edwin Edwards will not face trial for insurance fraud charges until Sept. 18. The trial, originally scheduled...

RACIAL DISCRIMINATION ALLEGATIONS

Prudential Insurance Co. of America and MetLife are defending themselves against alleged racial discrimination in their sale of insurance policies....

VESTA’S $50 MILLION CAT DEAL

Vesta Insurance Group’s operating units have completed an insurance securitization transaction through the private placement of $50 million in catastrophe...

COMING TO AMERICA

UBS AG will buy PaineWebber Group Inc. for $10.8 billion, giving the No. 1 Swiss bank access to millions of...

FRONTIER COMPLETES REGENCY SALE

Frontier Insurance Group has completed the sale of Regency Insurance Company to Tomoka Re Holdings, an affiliate of Tower Hill...

KEMPER, CASTLEBRIDGE ALIGN

Kemper Solutions has entered into a strategic alliance with Castlebridge Partners to jointly develop risk management products and services that...

IMPROVED FRAUD DETECTION

The ability of insurance companies to detect fraudulent claims by cross-checking them in “all-claims” databases will become keener as insurers...

AMERICAN GENERAL SETTLEMENT

States representing more than 86 percent of the American General policyholders that paid race-based life insurance premiums have ratified a...

MORE WEB GROWTH EXPECTED

Online retail sales are expected to reach $152 billion by 2002. And, while only a few of today’s online retailers...