A San Jose man was arrested on charges of alleged insurance fraud and attempted auto theft in connection with the attempted theft and false insurance claim on a $9,000 Yamaha racing motorcycle, following a joint investigation by the California Department …
Atlanta-based ebix.com has received permission from the NASDAQ Listing Qualification Panel that the company can continue trading on the NASDAQ SmallCap Market. Following a May hearing, the Panel decided to continue the listing of ebix’s common stock on the market, …
According to an A.M. Best Co. special-report excerpt published in the July 2 issue of BestWeek, property/casualty net premiums written showed the strongest growth since the tail end of the last hard market in the second quarter of 1987. This …
Medical Assurance Inc. and Professionals Group Inc. formally closed their consolidation on Wednesday, June 27, 2001. The merger creates the holding company ProAssurance Corporation, which will be the third largest medical professional liability insurer in the U.S. The stock of …
Cover-All Technologies Inc., a Delaware Corporation, announced that on June 28, 2001, it raised $1.8 million through a private placement of 8 percent convertible debentures with investors headed by the Renaissance Capital Group of Dallas, Texas. According to Cover-All Technologies, …
CNA announced new features on CNA Central (www.cnacentral.com), its website for business insurance agents and brokers in North America. According to CNA, the new functionality includes quick and full quoting, as well as enhanced work and policy management to make …
Ohio Department of Insurance Director Lee Covington issued a suspension for the pre-licensing provider approval and WebCheck authorization of A.D. Banker and Company LLC, a pre-licensing education provider in the Buckeye State, for two years. The Department alleged in a …
AFLAC, the leading writer of worksite supplemental insurance, has brought its celebrated duck to Japan with the launch on July 2nd of a national advertising campaign featuring the feathered quacker. The company hopes he’ll (she’ll?} have the same success at …
Finland’s Sampo announced that it has agreed to sell its Dutch unit, Sampo Industrial Insurance N.V. to U.K. insurer Hampden plc; the price will be based on the next 5 years operating results. The move comes as part of Sampo’s …
AXA Insurance, the French giant’s U.K. unit, has acquired Independent Insurance’s small business website from the company’s liquidators. The site, www.business-risk.com, employs 17 people, who will be retained by AXA. It specializes in offering “cover for commercial risks like hotels, …
