Newsbriefs

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...

AETNA TO FIGHT SUITS

ING/WellPoint and Aetna may or may not be talking, but several Aetna shareholders definitely want them to. Following Aetna’s rejection...

TROUBLES FOR BLANCH

Shares of E.W. Blanch Holdings plummeted 62 percent March 21 after it projected lower than expected profits. The Dallas-based holding...

FRANKEL FAUX PAS

Tennessee’s accreditation with the National Association of Insurance Commissioners has been suspended primarily because of the state’s failure to prevent...

A NEW RISKY BUSINESS

Marsh & McLennan Companies has created MMC Enterprise Risk, a new operating entity that will help MMC respond on an...

BANKS ARE BOOMING

For the eighth straight year, U.S. banks saw record profits in 1999, reaping the benefits of the longest economic expansion...

GE RE FORMS AUTO

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

CROP REFORM PASSES

The Senate overwhelmingly agreed March 23 to reduce premiums and cover new farm commodities in an effort to increase the...

CITIGROUP FINISHES UP

Citigroup will buy the remaining 15 percent it does not own of Travelers Property-Casualty Corp. for $2.4 billion, offering $41.50...

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