Seventy percent agreed that significant reform of the class action lawsuit system is needed. Forty-four percent of respondents in IRC’s recent survey said that the number of class action lawsuits today is too high. Only six percent said that the …
The NICB analysis reported that close to 450,000 cars and trucks were stolen countrywide in 1998 in metropolitan areas with ports or close to international borders. Each year more than 200,000 vehicles are exported illegally from the United States. Many …
Millenium Holding Group Inc. of Lincoln, Neb. has acquired Stanford Life Insurance, a Lincoln-based licensed insurance agency, from Richard Ham, Millenium president as well as the beneficial owner of the majority of Millenium’s stock. “The company was in need of …
International Rating Agency Standard & Poor’s announced that it was “maintaining its negative outlook on the Japanese nonlife insurance sector following the disclosure of the industry’s financial results for fiscal 1999 (ended March 31,200).” “1999 revealed a deterioration in the …
A virtual Who’s Who of the international financial community consisting of Bank of America, Credit Suisse First Boston, Goldman Sachs, J.P. Morgan, Hong Kong & Shanghai Bank, Morgan Stanley Dean Witter and UBS Warburg announced the formation of FXall.com (TM),” …
New Hampshire Insurance Co., a member of the AIG Group, announced that it would begin offering health care coverage in the U.K. for non-emergency medical procedures under a plan named “Healthnow.” The name is no accident, as it puts the …
Deutsche Bank (DB) announced Tuesday that it had sold approximately 7 million shares of its holdings in Germany’s Allianz at €362 ($343) per share totaling DM 2.5 billion ($1.3 billion). The sale reduces DB’s holdings in the giant insurer from …
The New York State Department of Insurance has begun an investigation into reports that, for decades, some life insurance companies have discriminated against blacks and other minorities by charging them higher premiums than white customers. Neil D. Levin, state superintendent …
Anthony Callicchio, owner of General Auto Glass Repair in New York, was sentenced to three years probation and ordered to make full restitution after pleading guilty for defrauding Cerebral Palsy Transport’s insurance carrier of over $35,000. Callicchio was arrested April …
First Capital International, a Delaware-based company headquartered in Houston, has signed an agreement with Specialty Risk International to offer customized insurance products to international travelers. “This is a great opportunity to increase traffic and revenue streams from our sites,” said …
