Expansion opportunities in Great Britain, Southeast Asia, Latin America and the U.S. are being eyed by Italian insurer Generali. Numerous reports indicate Generali chairman Alfonso Desiata informed reporters of the expansion interest while attending a meeting of insurer watchdog ISVAP.
The St. Paul Companies has completed the sale of its nonstandard auto insurance business to the Prudential Insurance Company of America. Prudential purchased the nonstandard auto insurance business marketed under the Victoria Financial and Titan Auto brands for approximately $200 …
Discover Financial Services, a business unit of Morgan Stanley Dean Witter & Co., and Nationwide Insurance Companies are forming an alliance to offer auto insurance products underwritten by Nationwide Insurance Companies to Discover cardmembers and other consumers. Future plans include …
INSpire Insurance Solutions, an insurance claims administrator based in Fort Worth, will replace CEO F. George Dunham III, who has resigned effective immediately, with R. Earl Cox III. Cox, who has been director of INSpire since the company’s inception, will …
Motorcycle insurance can now be added to consumers’ cyber-shopping lists in Texas and Alabama. Progressive has made it possible to buy coverage online, with instant coverage through its web site. Progressive is the number one motorcycle insurer in the country. …
article
A Texas State District Judge has signed an order placing Bankers Commercial Life Insurance Co. of Dallas in temporary receivership. The company, founded in 1955, writes primarily Medicare supplement insurance and has approximately 23,000 policyholders. The company did not oppose …
A company’s prompt reporting of workers’ injuries can have a considerable influence on its bottom line, a new study by The Hartford Financial Services Group has found. The study showed that claims filed five or more days after an injury …
Allianz and Munich Re are planning to reduce mutual cross-shareholdings worth more than $7 billion, while selling off some holdings in jointly held companies in order to free up cash for an expansion in fund management and insurance. The moves …
Continental Casualty Co. has agreed to pay nearly $135,000 in refunds to approximately 250 Mississippi residents as a result of a rate review analysis conducted by the Mississippi Insurance Department and Continental Casualty. The review revealed several instances in which …
