Standard & Poor’s has placed its single-‘A’ counterparty credit and financial strength ratings of Star Insurance Co. and its wholly owned subsidiary, Savers Property & Casualty Insurance Co.—collectively known as Meadowbrook Insurance Group—on CreditWatch with negative implications. This rating action …
AMS Holding Group, a provider of software and information services to the property and casualty industry, announced that it is reorganizing its operations into four distinct business units. The move was combined with the resignation of Kenneth Benvenuto, the current …
Search warrants were executed at more than 10 locations in California in February, according to the California Department of Insurance Criminal Investigations Branch. Investigators were hunting for evidence of unlicensed insurance products being sold in California, specifically policies for taxicab …
Former New Mexico Insurance Superintendent Don Letherer is suing several current and former state regulatory officials for wrongful termination. Letherer charges that the officials fired him in late Janaury in part because his office uncovered evidence that the officials had …
Accidental damage poses the biggest single risk for personal computer owners, according to a new insurance industry study. Safeware, The Insurance Agency Inc., said that an analysis of personal computer damage claims filed in 2000 showed that 56 percent resulted …
Citigroup plans to focus its European expansion on corporate and investment banking as well as wealth management services, the Financial Times reported. “There are lots of opportunities in investment banking, especially if Europe moves to more cross-border mergers and acquisitions,” …
National Marketing Services Inc., a provider of marketing products and services since 1988, has announced the launch of www.Programbusiness.com, designed to bring retailers, wholesalers, MGAs and program managers together in an information-exchange web portal. Retail agents can visit www.programbusiness.com to …
Online health insurance marketplace eHealthInsurance is suing InsWeb, claiming the Sacramento, Calif.-based insurance aggregator was furnishing “illegitimate” referrals for health insurance. Meanwhile, InsWeb has temporarily suspended online health insurance quoting. According to InsWeb, the two companies signed a two-year online …
Allstate Corp. may lay off as many as 80 of its employees in Austin as a result of the company’s decision to merge its Austin-based Columbia Universal Life division into Allstate Financial Group by September. The Austin American-Statesman reported that …
Dallas-based E.W. Blanch Holdings has released its financial results for the fourth quarter and year ending Dec. 31, 2000, reporting annual revenues of $208.2 million compared to $244.5 million during 1999. Revenues for the quarter were $46 million compared to …
