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.
The World’s Plastic Glut Is Set to Get Much Worse by 2040, Study Finds 
Applied Systems, Comulate Spar Over Trade Secret Theft Allegations 
Airline Pilots Hide Mental Health Struggles to Keep Flying 
Lawsuit Over Burger King’s Whopper Ads Set Back by Federal Judge 
