Newsbriefs

METLIFE IPO

In its much ballyhooed initial public offering, Metropolitan Life Insurance Co., the number two U.S. insurer, raised $2.88 billion—less than...

STATE FARM BANK

Less than a year after opening to customers in Illinois and St. Louis, Mo., State Farm Bank is now Internet...

BIG “I” CERTS

The Independent Insurance Agents of America has made an addition to its online neighborhood of agency-enhancement tools with Big “I”...

SUMMIT, FIB ALIGN

Summit Global Partners and First Internet Bank have formed an alliance to offer Internet-accessed insurance and financial products and services...

GERMANY READY TO PAY

German insurers will reportedly pay at least $270 million to settle unpaid claims on pre-World War II policies sold to...

R&S, eCOVERAGE ALLIANCE

Royal & Sun Alliance USA and Internet-based insurance services company eCoverage have formed a business relationship to develop Internet capability...

COW TOWN CONVICT

Dr. Hubert Cameron Gibson III has been convicted of nine counts of mail fraud and one count of income tax...

FREE AGENT SITES

BenefitMall.com, an online exchange for small business employee group benefits programs, is now providing free Internet home page capabilities to...

AXA SA, SUN LIFE

AXA SA is in early talks to buy the remaining 43.7 percent of Sun Life & Provincial Holdings PLC that...

GE RE ADDS AUTO

GE Reinsur-ance Corp. has formed an auto segment based at the company’s Lincolnshire, Ill. headquarters, which will be headed up...

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