I tried my mother’s phone dozens of times during the hours following the Fort Worth tornadoes. The cryptic message I had gotten from her assured me she was okay, but I wasn’t sure about her house and car. Still not …
Negligent Misrepresentation-Part I
A primer on how negligence differs from fraud, what constitutes negligence and how Texas law applies For a century and half, or so, tort law was divided into business torts and personal injury. Business torts includes such things as tortuous …
FRANKEL FRIENDS
A third associate of Martin Frankel has pleaded guilty to helping the financier steal more than $200 million from 11 insurance companies under his control. Philip Miller, 60, late last week told federal court officials in New Haven, Conn. he …
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 by Kenneth Anderson, who joins GE Re from GE Capital Auto Financial Services. No further details of the venture were …
AXA SA, SUN LIFE
AXA SA is in early talks to buy the remaining 43.7 percent of Sun Life & Provincial Holdings PLC that it does not already own in a deal that could be worth $3.17 billion. Sun Life’s stock price has plunged …
FREE AGENT SITES
BenefitMall.com, an online exchange for small business employee group benefits programs, is now providing free Internet home page capabilities to all U.S. licensed small group insurance brokers. The free offering will allow individual brokers to establish a customized online presence. …
COW TOWN CONVICT
Dr. Hubert Cameron Gibson III has been convicted of nine counts of mail fraud and one count of income tax evasion. Gibson, the owner of New Beginnings Rehabilitation and Turning Point centers in Fort Worth, was indicted Oct. 10, 1999 …
R&S, eCOVERAGE ALLIANCE
Royal & Sun Alliance USA and Internet-based insurance services company eCoverage have formed a business relationship to develop Internet capability to provide streamlined information access and processing support to R&S personal lines agents. The agreement also calls for R&S to …
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 Holocaust victims. That announcement came from Germany’s top compensation fund negotiator Otto Lambsdorff. In a letter provided to an international …
SUMMIT, FIB ALIGN
Summit Global Partners and First Internet Bank have formed an alliance to offer Internet-accessed insurance and financial products and services to businesses. Summit will make online insurance and bonding services available, as well as group life and health insurance and …
