WebTradeInsure recently began offering E-marketplace Internet fraud protection insurance for online auction purchases. In doing so, the La Jolla, Calif.-based company has achieved the distinction of founding a new niche in the insurance marketplace. The insurance has a $25 deductible …
The monthly publication of the National Association of Professional Insurance Agents (PIA) of Alexandria, Va., Professional Agent, will end publication in September and will be replaced by PIA Connection, a monthly newsletter. PIA members will have the opportunity to receive …
The plan calls for eliminating five business lines, reducing costs by over $150 million, and positioning Conseco Finance to be a positive cash contributor going forward. The near-term issues being confronted include repayment of debt as due, particularly that scheduled …
The National Association of Independent Insurers applauded Ohio Governor Bob Taft for signing the structured settlement law at a ceremony Thursday. NAII Counsel Robert Hurns, who attended Thursday’s ceremony, called the event a victory for Ohio consumers. “This law will …
Shares in Chubb Corp soared to a 52-week high Thursday on rumors that Citigroup and Berkshire Hathaway are interested in buying the company. Chubb Chief Executive Dean O’Hare laid those rumors to rest, insisting the company is not for sale. …
ACORD bestowed an Early Adopter Award on online insurance provider InsWeb for its efforts to develop the XML (Extensible Markup Language) standard for p/c insurance transactions. According to Gregory A. Maciag, president and CEO of ACORD, InsWeb’s early adoption of …
The National Association of Independent Insurers applauded Ohio Governor Bob Taft for signing the structured settlement law at a ceremony Thursday. NAII Counsel Robert Hurns, who attended Thursday’s ceremony, called the event a victory for Ohio consumers. “This law will …
The tornado that pummeled Granite Falls, Minn. earlier this week is estimated to have caused $8.1 million in damage to homes and other property. Homeowners suffered $3 million in losses and $2.8 million in damage to vehicles and other items, …
ReliaStar Financial Corp. shareholders have approved the proposed acquisition of ReliaStar Financial and its family of companies by ING Groep N.V., a global integrated financial services company based in Amsterdam. As announced May 1 and pending regulatory approvals, ING Groep …
Highlands Insurance Group, a New Jersey-based property and casualty insurer, has reported net income of $3.6 million ($.27 per diluted share) for the second quarter of 2000 compared with a net income of $2.8 million ($.20 per diluted share) for …
