ABD Insurance and Financial Services now ranks as the third largest U.S. broker of D&O liability insurance, according to the 1999 Annual Tillinghast-Towers Perrin Survey. As one of the nation’s premier D&O brokers, ABD further increased its market share in …
Acceptance Insurance Companies has reported that the U.S. District Court in Little Rock has entered an order approving a proposed settlement of a class action suit filed in 1999 by rice farmers. The order directs that a notice describing the …
President Clinton over the weekend proposed new privacy legislation allowing consumers to stop financial companies from sharing information about them. Clinton made the comments during a commencement address at Eastern Michigan University in Ypsilanti, saying that privacy protections were needed …
The national consumer law firm of Herman, Middleton, Casey & Kitchens has filed a class action against Humana Inc., Humana Insurance Co., and Humana Medical Plans pursuant to the Federal Racketeering Influence and Corrupt Organization Act. The suit alleges that …
While U.S. corporations make minimal use of the Internet today for commercial insurance or risk management needs, a significant increase is expected over the course of the next 24 months, according to a survey by the Association for Financial Professionals. …
ING’s acquisition of life insurer ReliaStar has caused some immediate comments and reactions. Connecticut officials, reiterating their position taken when ING made a bid for Aetna, stated that unpaid Holocaust insurance claims should be settled before approval was given for …
Daiichi Mutual Fire and Marine Insurance Co. ceased operations on government orders, after the company was unable to pay accumulated debts which exceeded its assets by $485.5 million. It was the first Japanese p/c insurer to do so since World …
The losses at Lloyd’s, actual and projected, were not deemed serious enough, as yet, to warrant any change in Lloyd’s A (Excellent) rating by A.M. Best. It affirmed Lloyd’s capital strength, based on the support of underwriters and the Central …
Over a month of hard-nosed negotiations ended Monday night when France’s AXA agreed with the independent directors of its British affiliate Sun Life and Provincial Holdings to acquire the minority 43.74 percent it’s been seeking for 500 pence ($7.75) per …
Connecticut State Comptroller Nancy Wyman has called for the purchase of a U.S. insurer by Dutch financial services company ING Groep be delayed until ING joins the International Commission on Holocaust-era Insurance Claims. Wyman said the state’s insurance regulators should …
