Newsbriefs

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...

RACIAL DISCRIMINATION ALLEGATIONS

Prudential Insurance Co. of America and MetLife are defending themselves against alleged racial discrimination in their sale of insurance policies....

e-SIGNATURE BILL SIGNED

“And all of you young people will someday look back on this day …and marvel that it was considered a...

MARSHMAC EXPANDS ABROAD

According to reports appearing in the Times of London, and France’s financial newspaper Les Echos, the world’s largest broker, Marsh...

LAMBERT FENCHURCH CEO LEAVES

The opportunities for exponential growth and market branding within the e-commerce sector captured yet another top insurance industry executive. This...

eYOUR MIND

eMind.com, a business-to-business e-learning provider has signed a deal with iPipeline.com to build an online education arm to iPipeline’s insurance...

TWO STARS AND A SMILEY FACE

A.M. Best Co. has upgraded the financial strength rating of the Farmers Insurance Group to A+ from A. The rating...

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