Even as Bristol West Insurance Group was planning to purchase two units of Reliance Group Holdings, a federal judge ruled that investor Carl Icahn can proceed with his tender offer for a portion of Reliance Group Holding’s debt. The two …
George Elliot Grays, a former senior aide to erstwhile California Insurance Commissioner Chuck Quackenbush, pled guilty on Jan. 16 to federal charges of two counts of mail fraud and one count of conspiracy to commit money laundering. The criminal charges …
If you weren’t able to attend the recent Property/Casualty Joint Industry Forum in New York City, we can sum up CEO attitudes about the New Year in this way: The market is hardening, although not fast enough; losses are rising …
To specialize or not to specialize, that is the question. The answer is, given the right set of circumstances—absolutely. Finding the proper alchemy is the challenge, and part of that is realizing that a good idea alone does not necessarily …
Big things are happening up in little Grass Valley, Calif. A membership insurance group called Networked Insurance Agents (NIA) is building a network that allows agents to own their business and retain their independence while still utilizing the perks of …
In the Sept. 4, 2000, issue of Insurance Journal we ran a one-page survey in hopes of finding out how you, our readers, plan on using the surplus line market in 2001. Four of the 32 respondents returned the form …
In the race to capture an increasing sharing of the consumer’s wallet, regulated financial institutions are lining up in droves in this post-Glass Steagall era to market a wider array of consumer financial product to existing customers. After all, with …
Mercury General Corp., a California automobile insurer with operations in several other states, has declared a first quarter dividend of $.265, an annual rate of $1.06,representing a 10.4 percent increase over the rate paid in 2000. The increased dividend will …
Investigators with the California Department of Insurance Criminal Investigations Branch arrested Ronald Prasky, the owner of San Ysidro-based Border Pacific Insurance Services, for selling bogus insurance policies. The 30-year-old insurance agent was booked into San Diego County Jail and bail …
AscendantOne has received new funding from equity partners US Bancorp Piper Jaffray Ventures and Century Capital Management. The additional funding supports a product launch of the Rate/Quote/Issuance module of AscendantOne’s Front Office Suite. The new module combines dynamic Internet-equipped rate/quote/issuance …
