Dresdner chairman Bernhard Walter resigned Thursday, in part over the failed attempt to merge Dresdner Bank with Deutsche Bank. Meanwhile, Deutsche Bank’s chairman held fast to his post amid criticism over the collapse of the banks’ month-old agreement that would …
The Idaho legislature passed a graduated drivers’ license bill to help increase highway safety and reduce the number of fatal accidents involving teenage drivers. The Idaho legislative action follows that of Washington state, which enacted a similar bill last month. …
The California Assembly Insurance Committee has approved a bill governing disclosure of competitive replacement auto parts. The National Association of Independent Insurers testified against the bill due to two provisions dealing with disclosure issues. Based in part on NAII testimony …
Superior National Insurance Group has voluntarily withdrawn its listing on the Nasdaq National Stock Market effective today. Superior National does not meet the minimum financial qualifications to list its securities on the Nasdaq. It also does not qualify for listing …
Conseco Inc. issued a statement Wednesday regarding its stock’s recent decline and rumors that may be contributing to that decline. “We are disappointed that the market has misunderstood our announcement of March 31, 2000 in which we said that we …
WorkComp.com, a startup web platform designed as a marketplace and resource for employers, agents and insurers to manage workers’ comp insurance coverage and needs, has closed a $1 million seed round from Wilson Sonsini Investments and the company’s founders. With …
A Minnesota Court of Appeals has ruled to support the state attorney general’s authority to sue insurance companies. The decision stems from a lawsuit filed against the American Family Mutual Insurance Co. by Attorney General Mike Hatch in March 1999. …
InsWeb Marketplace Debuts in Japan Through a joint venture with SOFTBANK Finance Corp., InsWeb has launched an online marketplace for consumers in Japan at www.insweb.co.jp. The new site features five leading auto insurers competing in the world’s second-largest insurance market. …
Allianz AG shares fell more than 10 percent Wednesday following the announcement that Deutsche Bank AG and Dresdner Bank AG had called off their planned merger. On Tuesday, Dresdner Bank accused Deutsche of undermining the $30 billion deal by insisting …
House Ways and Means Committee Members Nancy Johnson (R-Conn), Richard Neal (D-Mass) and Robert Matsui (D-Calif) have introduced legislation to close what they allege is a “tax loophole that allows insurers based in foreign tax havens to shield up to …
