InsWeb, a provider of online insurance services, raised its revenue outlook to approximately $5 million for the fourth quarter of fiscal 2000. “InsWeb is enjoying a solid quarter, despite a traditionally slower holiday period for the insurance industry,” said Hussein …
Five former Allstate Insurance Co. agents who worked in Florida, Georgia and Oregon, filed a lawsuit in U.S. District Court against the insurer, seeking payment for three years of overtime wages. According to a report from the Associated Press, the …
Michigan Department of Consumer & Industry Services Director Kathleen Wilbur announced that current workers’ compensation coverage information is now available on the department’s website. The website provides access to information maintained by the Bureau of Workers’ Disability Compensation on all …
Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen Allianz’ rapidly growing operations in Eastern Europe. CP has 43 …
Taking notes from their Western peers, the Industrial and Commercial Bank of China and the Huatai Insurance Company have signed a cooperation agreement to begin providing services which are remarkably similar to the “bancassurance” operations, that dominate the market for …
A.M. Best Co. has affirmed high ratings for two of Germany’s biggest insurance groups, giving its A++(superior) rating for Munich Re and its subsidiaries, including American Re and related companies, and its A (excellent) rating for Gerling Konzern Globale Rueckversicherungs …
Holland’s ING Group announced plans to acquire a 35 percent interest in the mid-sized Japanese financial services company Nice Co. for between $17.7 and $26.6 million, and will become its largest shareholder. The move represents the latest investment by a …
Allcity Insurance Company will non-renew all voluntary statutory automobile (public livery vehicles: black cars, suburban cars and medallions) policies effective March 1, 2001. In addition, the company said, effective immediately, it will no longer accept new applications or binders for …
The Independent Insurance Agents of Oregon named Chris Conant of Lumbermens Insurance to the State Board of Directors. As a member of the 12-person board, Conant will assist in setting policy for the organization and determining the IIA Oregon position …
Insurance InsureZone has been selected by Wells Fargo & Co. to provide small business insurance to Wells Fargo customers over the Internet. Wells Fargo, through its insurance subsidiary, Wells Fargo Insurance, has entered into a private-label agreement with InsureZone to …
