Pursuant to this transaction, Lehman Brothers will purchase approximately $1.5 billion in loans from Conseco Finance, with up to $500 million of the proceeds available to repay inter-company indebtedness owed to Conseco. In a press release Thursday, David V. Harkins, …
Efinancial depot.com has signed a letter of intent to acquire eZnow insurance.com, a web page that offers a wide range of insurance services online, including life, home, rental, commercial, auto, boat, casualty and health policies. EZnow insurance.com is the online …
First-quarter operating profit fell to 47 cents per share from 58 cents one year ago, hitting analyst forecasts. Net profit rose to 47 cents per share from 19 cents this time last year, while revenues rose 7 percent to a …
A new survey by Farmers Insurance Group shows 87 percent of adults believe using a cell phone while driving impairs a person’s ability to drive. And while only two percent of drivers said they had been in an accident in …
Royal & Sun Alliance Insurance Group shares fell nearly five percent Thursday on word that the British financial service company’s first quarter profits fell 4.8 percent. Turning around the group’s underperforming British general insurance book took longer than some analysts …
A state Senate panel voted Wednesday to bar California’s insurance commissioner from ever again allowing insurance companies to avoid fines by contributing to nonprofit foundations. The Senate Insurance Committee approved by an 8-0 vote to submit a bill to the …
President Bill Clinton told independent insurance agents from around the nation that a tax credit for long-term care, Medicare prescription drug coverage and improvements in health care that will result in Americans living longer, will all have an affect on …
The company, the No. 1 U.S. disability insurer, formed last year with the merger of UNUM Corp. and Provident Companies. First quarter operating profits for the Portland, Maine-based company fell to $134.6 million, down from $172.6 million in the same …
The operating loss was $1.18 per share, excluding one-time items, versus a profit of $11.1 million, or 18 cents per share in the year-earlier quarter. The results fell below analysts’ forecasts of 18 cents per share profit. Ohio also reported …
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 …
