Priceline.com and insurer W.R. Berkley Corp. have dropped their combined plan to create a new company to sell auto insurance online, naming current market conditions as the reason. The new company was in early development stages, but had hired no staff and had written no business. The companies said capital invested in the venture will be returned to investors.
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Death of Irish Teens in Crash Prompts Social Media Warning 
Willis Re Jumpstarts US Expansion With Buy of BMS Re, US 
At-Bay to Be Acquired by Munich Re for $575 Million 
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
