California Governor Gray Davis signed a new bill into law on July 24 that says apologies or “benevolent gestures of sympathy” cannot be used or interpreted as admissions of guilt or liability in California courts. The bill, authored by State …
Los Angeles-based Sullivan HealthCare Insurance Services Inc. reported premium volume for the first half of 2000 was up over 300 percent, exceeding the amount of business written during all of 1999 by the niche-market wholesaler. Executive Vice President Pete Germain …
Insurance broker Brown & Brown is set for a two-for-one split of the company’s common stock next month. On Aug. 9 shareholders of record will receive an additional share, paid on or around Aug. 23, for each share they hold …
American International Group’s second-quarter operating profit rose 13 percent to $1.43 billion, matching analysts’ estimates. T he New York-based insurer said net profit, including realized investment losses, rose 10 percent, to $1.41 billion, or 90 cents per share, from $1.28 …
American International Group member companies have netered into an agreement to offer travel insurance assistance services to Priceline.com airline ticket customers. The travel insurance program is made available to every customer who makes an offer for a Priceline.com airline ticket. …
BankZIP.com, an Internet banking alliance, today announced a strategic relationship with Nationwide Insurance, the country’s fourth largest auto and homeowners insurer, to provide insurance services to the customers of BankZIP.com alliance partners. Under the terms of the agreement, Nationwide will …
InsLogic, a leading provider of online insurance infrastructure services, has appointed former Bank One Chairman and CEO John McCoy to the InsLogic Board of Directors. “Over the last 30 years John McCoy has earned a reputation as a financial services …
Countrywide Insurance Services is offering homeowners insurance online. Initially available in 15 states, consumers can buy their homeowners insurance through the website, www.cwinsurance.com. In the coming months, Countrywide will expand this online purchasing capability to include another 31 states in …
Lloyd’s Chairman Max Taylor will leave the company in December due to changes enacted by the council, which will revert the position to part time beginning next year. The chairman’s role moved to full time in 1992 due to the …
A U.S. judge’s decision to approve a $1.25 billion settlement to restore Holocaust-era assets to their rightful owners was met with open arms by Swiss banks, insurers and the government. Swiss banks reportedly agreed to pay the settlement, which is …
