Dutch banks and the Amsterdam stock exchange are willing to pay more than $132 million to settle claims that they helped the Nazis steal bank accounts and stock from Jews, according to a Tuesday Reuters report. The story, hinged on …
Last week’s Congressional vote to eliminate the so-called death tax has the Independent Insurance Agents of America very pleased, though they are mindful it is the first step down the long road to enactment. IIAA supports the measure because it …
Zebu has withdrawn a $64 million initial public offering due, primarily, to sour market conditions. The San Francisco-based high tech firm, which serves the insurance industry by offering solutions for streamlining the insurance application process, does not plan to proceed …
Assurance Partners Bank, a specialized bank founded by the insurance industry to provide banking products and services to insurance companies and their customers, employees and agents, is open and ready for business. The bank, headquartered in Carmel, Ind., offers home …
GoRisk will offer its proprietary risk management services over the Internet to a select group of corporations beginning this fall. The online methodology, which harnesses the knowledge of industry experts, technological expertise and the speed of the Internet, will be …
State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49 states, the District of Columbia and three Canadian provinces. The return of premiums, approved yesterday by the State Farm Mutual …
Members of the National Association of Insurance Commissioners (NAIC) at the Summer National Meeting in Orlando yesterday approved a resolution to remedy the previous use of race as a criteria in underwriting and to conduct a regulatory analysis of the …
Britain’s largest pension and life insurer, Prudential Plc., breathed a collective sigh of relief Monday with the successful debut of Egg, its Internet bank subsidiary, on the London stock market. Given the rather shaky conditions in the international markets, there …
Stricter no-fault auto insurance regulations in New York state were overturned yesterday by a judge who ruled that state insurance officials had not considered the impact on injured people and the doctors who treat them. The rules adopted earlier this …
The Massachussetts Department of Insurance plans to roll out a new web site next month, replete with a downloadable complaint form. But that hasn’t stopped a Boston attorney from declaring the site “useless.” The attorney, Jason Adkins, is also an …
