Chubb Corp. chose the RIMS Convention in Atlanta to announce the launch of a new trade credit product, designed to “ensure that policy holders will be paid for merchandise shipped or services rendered on credit to commercial customers.” A study …
New Jersey’s Department of Banking and Insurance notified Prudential Insurance Company of America that the company’s application for demutualization has been completed. By finalizing the arrangement, the department’s Commissioner has set a date for a public hearing on the demutualization. …
Insurance agents are in a tough spot. They compete for business against nearly everybody: each other, banks, financial analysts, annuity companies, and—yes!—even insurers. Often, it seems that insurance agents have to compete against the very companies they represent. If they …
I’m doing it right now. You’ll be doing it tomorrow. In fact, I’ll bet by the end of the week that everyone in your office will have done it—and many of them more than once. Hang on, now. I’m talking …
Chase Bank of Texas N.A. has agreed to pay $3 million to settle charges that it failed to warn regulators about a worthless policyholder trust account it set up for an allegedly fraudulent offshore insurer that collapsed in the 1990s. …
Following a recent decision to reduce its work force by 14 percent through outsourcing its customer service and backroom operations to India, Indianapolis-based Conseco Inc. announced that it would acquire exlService, an Indian company which specializes in providing office services. …
As more small and mid-sized companies expand their use of the Internet as a business tool, they become increasingly vulnerable to risks that may not be covered by their standard business insurance policies. E-mail viruses, website business interruptions and online …
PacifiCare Health Systems Inc. is no longer under the daily scrutiny of the Texas Department of Insurance after the insurer agreed to a corrective action plan and follow-up conversations. PacifiCare has committed to spending what it takes in the next …
AMS Services has entered into an agreement with IRS-AIMS to integrate their MAGIC for Windows Texas rating software with AMS management systems in 2001. The reorganization of the AMS Holding Group during the first quarter paved the way for a …
The Texas State Senate voted to pass a bill which would select at random 500,000 of the state’s 14 million motorists each year and require them to prove they have insurance to drive an automobile. The Dallas Morning News reported …
