May 1, 2000 9:50 a.m. CDT Superior National Insurance Group representatives appeared in United States Bankruptcy Court last week, pleading for acceptance of its emergency petition to assure the salaries and benefits of its employees through last week. Employees of …
Potential problems within Oregon’s state insurance fund could further jeopardize a struggling workers’ comp market, according to testimony by a representative for the National Association of Independent Insurers (NAII). The state’s three-way market for industrial insurance allows employers to self-insure …
Computer services giant EDS has offered to buy financial services consulting firm Policy Management Systems in a cash deal worth about $708 million, surpassing a bid from investment firm Welsh, Carson, Anderson & Stowe. In a proposal letter sent to …
Actor Woody Harrelson is suing Allstate Corp., claiming the company wrongly stopped defending him in a lawsuit filed by two photographers. The breach-of-contract suit stems from a 1996 federal civil rights suit filed by the photographers after a tussle with …
Following the resignation of two key Conseco executives on Friday, A.M. Best has lowered the financial strength ratings for the company’s leading life and health subsidiaries to A-minus from A. The ratings will remain under review with negative implications. A.M. …
Axa Financial, the U.S. banking and investment branch of international insurer Axa SA, saw first-quarter operating earnings rise 61 percent on record profits from its investment bank Donaldson Lufkin & Jenrette. Operating profits were reported at $357.5 million, up 32 …
Warren Buffett told shareholders over the weekend that he is solely to blame for the poor performance of Berkshire Hathaway over the last year. Berkshire’s 1999 earnings dropped 42 percent from $2.8 billion the previous year to $1.6 billion. And …
A bill that will recognize electronic business transactions was unanimously approved in Mexico’s lower house last week, a move that could boost e-commerce in the country. The bill does not require approval by the Mexican Senate. Internet purchase orders will …
Confirming rumors that started last Thursday, ING, the Dutch financial services group, announced today that it had entered into an agreement to acquire Minneapolis-based ReliaStar, the 8th largest publicly held life insurance company in the U.S., for a total of …
