Newsbriefs

MARKETSCOUT SECURES FUNDING

MarketScout, a Dallas-based e-commerce company specializing in the distribution of property and casualty insurance products, has received funding from High...

FREE MARKET TRADE USHERED IN

An agreement signed July 13 between the United States and Vietnam will mean an economic boost for the communist nation...

MORE WEB GROWTH EXPECTED

Online retail sales are expected to reach $152 billion by 2002. And, while only a few of today’s online retailers...

AMERICAN GENERAL SETTLEMENT

States representing more than 86 percent of the American General policyholders that paid race-based life insurance premiums have ratified a...

IMPROVED FRAUD DETECTION

The ability of insurance companies to detect fraudulent claims by cross-checking them in “all-claims” databases will become keener as insurers...

KEMPER, CASTLEBRIDGE ALIGN

Kemper Solutions has entered into a strategic alliance with Castlebridge Partners to jointly develop risk management products and services that...

FRONTIER COMPLETES REGENCY SALE

Frontier Insurance Group has completed the sale of Regency Insurance Company to Tomoka Re Holdings, an affiliate of Tower Hill...

COMING TO AMERICA

UBS AG will buy PaineWebber Group Inc. for $10.8 billion, giving the No. 1 Swiss bank access to millions of...

VESTA’S $50 MILLION CAT DEAL

Vesta Insurance Group’s operating units have completed an insurance securitization transaction through the private placement of $50 million in catastrophe...

FEDS JOIN INVESTIGATION OF CDI

Federal authorities have joined California state officials in their investigation of corruption in the state’s Department of Insurance. The move...

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