As expected the U.S. Senate passed the bill granting China permanent normal trading relations (PNTR), thus clearing one of the final obstacles to the entry of the world’s most populous nation into the World Trade Organization (WTO). While President Clinton, …
As part of the impending sale of its international units to Holland’s ING Group, Aetna announced that it had reached agreement with its Mexican partner Grupo Financiero BBVA Bancomer, to sell its interests in three joint ventures for a total …
A number of recent reports confirm that Germany’s Allianz is aggressively seeking acquisitions in the U.K. and the U.S., but the giant German insurer has competition. Last week several sources reported that Allianz was seeking to acquire San Diego based …
H. E. Scruggs has been named president and CEO of the Empire Insurance Group effective Sept. 18. He will succeed Robert V. Toppi, who retired. Scruggs has been an executive at various Leucadia operations in recent years. The Empire Group …
ABD Insurance and Financial Services, the largest independently-owned insurance brokerage and employee benefit consulting organization in the western United States, has promoted David Hock to senior vice president. As senior vice president, Hock will continue in his current capacity as …
YouZoom.com has expanded its online insurance offering to give independent agents and brokers in Arizona the ability to market, sell and service insurance policies over the Internet. YouZoom allows Arizona insurance agents to close insurance transactions entirely over the Internet …
The St. Paul Companies has completed a strategic review of Unionamerica Insurance Company, Ltd. and has decided that effective Jan. 1, 2001 the company will cease underwriting and will manage the run-off of its remaining book of business. Unionamerica is …
The Progressive Corp. is offering auto insurance services and information from progressive.com available on Web-enabled cellular phones and hand-held devices from anywhere in the world, at any time. “This technology gives consumers even more control of their auto insurance policies …
Standard & Poor’s lowered its financial strength rating on The Millers Insurance Co. and its related pool member, The Millers Casualty Insurance Co. The companies are subsidiaries of Millers American Group based in Fort Worth. Key rating factors include continued …
A lack of state regulations and oversight allowed rogue financier Martin Frankel to bilk more than $200 million from insurance companies in five states, says the General Accounting Office. The information was broken today by the Associated Press and included …
