Prudential Insurance Co. of America filed on Wednesday to become a public company, with plans to launch an initial public offering in the fourth quarter of this year. The plan, filed with the New Jersey Department of Banking and Insurance, …
Safeco is looking for a buyer for its commercial credit and leasing subsidiary, a move that could reduce the amount of debt on SAFECO’s consolidated balance sheet by nearly half. “Our credit company has been consistently profitable since it was …
International rating agency Standard & Poor’s announced that had affirmed “it’s double-‘A’ long-term counterparty credit and financial strength ratings and its double-‘A’-minus senior unsecured ratings on Italian-based insurer Assicurazioni Generali SpA (Generali).” It also affirmed double-‘A’ ratings on its financial …
France’s AXA announced results slightly above analysts’ forecasts on Wednesday, stating: “Net income rose 21.2% to an all-time high of Euro 2,261 million {$2.07 billion} from Euro 1,865 million {$1.706 billion} in 1999 (including goodwill amortization, excluding one-off items).” The …
The Harleysville Insurance organization, which includes Harleysville Group Inc., has announced plans to introduce a new brand identity. As a result, the company has created a new logo and positioning theme, and several of its regional property and casualty insurance …
Roxani M. Gillespie (center), a partner at Barger & Wolen, accepts the Spirit of Life Award, presented to her by the California Insurance Council for City of Hope. Also pictured are Larry De Boer (left) and Don Schwegman (right). The …
Allstate Insurance, which insures 2.1 million drivers in California, Plans to raise premiums by 6.9 percent–a move that could force other companies to do the same, according to an article published yesterday in The Los Angeles Times. The increase is …
Investigators from the California Department of Insurance Criminal Investigations Branch on Tuesday arrested Jeffrey Ferguson of Tuolumne County, Calif. on charges of workers’ compensation fraud. Ferguson is being held Tuolumne County Jail on $10,000 bail. According to CDI, Ferguson was …
Members of the Certified Professional Insurance Agent Society attended an educational National Sales & Marketing Education Conference March 7-10 in San Diego. With a smaller-than-anticipated turnout, attendees had the opportunity to take advantage of the intimate gathering and to come …
A new site, created by Agency Ideas, is dedicated to advancing the art and science of the cross-sale. The site maintains two password-protected areas, the first for everyone in the agency, including CSRs and producers. This central section contains imaginative …
