ING/WellPoint and Aetna may or may not be talking, but several Aetna shareholders definitely want them to. Following Aetna’s rejection of their bid, which analysts valued at close to $70 a share, Aetna announced that it intended to split into …
The property/casualty insurance industry’s underwriting results worsened in the fourth quarter of 1999, according to a March 23 report by A.M. Best. The rating agency’s preliminary analysis shows that net premiums rose modestly during both the quarter and the year, …
Royal & SunAlliance 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 RSA personal lines agents. The agreement also calls for RSA to provide …
Citigroup will buy the remaining 15 percent it does not own of Travelers Property-Casualty Corp. for $2.4 billion, offering $41.50 for each outstanding share. In response to the March 21 announcement, Travelers shares rose 22 percent to $40 15/16 a …
The Senate overwhelmingly agreed March 23 to reduce premiums and cover new farm commodities in an effort to increase the number of farmers buying federally subsidized crop insurance. The move is expected to cost taxpayers $1.5 billion a year and …
Driven in part by 1999’s particularly poor results, and perhaps encouraged by the recent mega-merger announcements from Europe (CGU-Norwich Union and Deutsche Bank-Dresdner Bank), Australia’s insurance/ banking/financial services sector seems set to go in the same direction. On March 10, …
In the high-energy environment of the Las Vegas strip, members of the AMS Users’ Group were presented with a host of educational and networking opportunities at its 24th National Conference held March 12-14 at Caesar’s Palace. Currently, nationwide membership in …
When managed care was introduced to the workers’ comp arena in the 1980s, it promised to be the cure-all for a system suffering astronomical costs and waning premiums. Today, the atmosphere of workers’ comp in the western states has improved …
No one would call the Occupational Safety and Health Administration (OSHA) a wildly popular entity, but lately, it has been making its presence even more unwelcome. OSHA’s recent proposed ergonomic standard is on the table in a series of public …
CALIFORNIA STILL CRAZY AFTER ALL THESE YEARS By Sky Barnhart “After five years of product being given away, it’s a crazy, crazy market, and it’s put a lot of people on the producers’ side out of business.” “Turbulent and chaotic”is …
