Northeast Pennsylvania Financial Corp. and Higgins Insurance Associates, Inc. have signed a letter of intent for Northeast to acquire Higgins Insurance Agency. The transaction is subject to certain rights of first refusal by members of the Insurance Alliance of Central …
The first product reviewed under the New York Department of Insurance’s new procedures for expediting the review process for product filings has been approved. The procedures were a part of an overall initiative to reform the insurance regulatory process in …
New England Fidelity Insurance Co. of West Springfield, has gone into receivership. It is the second Massachusetts auto insurer to go under this year. Industry officials said the failures of New England Fidelity and Trust Insurance Co. of Taunton highlight …
According to the first national survey of earthquake risks, 75 percent of all losses are expected to occur in California–but quakes are not just a problem for the Golden State, as the study shows that other areas of the country …
Washington Insurance Commissioner Deborah Senn, vying for a seat in the U.S. Senate, was defeated in Tuesdays Democratic primary by Internet software millionaire Maria Cantwell. Cantwell, riding the surge of a $5 million campaign easily defeated Senn and will challenge …
The pair has filed suit against Mercer and its parent, Marsh & McLennan Cos. Inc, seeking unspecified compensatory and punitive damages. The complaint, filed in Mercer County Superior Court in Trenton, alleges the two women were subjected to harassment, including …
The Hartford Financial Services Group Inc has entered into exclusive negotiations with Assurances Generales de France to sell its Zwolsche Algemeene subsidiary in the Netherlands. Zwolsche, which had 1999 revenues of $375 million and net income of $37 million, is …
U.K. venture capital group Candover Investments Plc. has broken off talks to acquire Reliance National Insurance Co. (Europe) Ltd. after the two groups apparently failed to reach agreement on the price.
Following a strong performance by its U.S. Financial Unit, AXA Financial, the French Group posted a net increase of 28.8 percent for its consolidated revenues to € 41 billion ($34.85 billion) for the first half of 2000. Net operating revenues …
According to the Financial Times CGNU is close to concluding a deal for its U.S. property/casualty business to White Mountains Insurance Group, a Bermuda based holding company which operates insurance subsidiaries in the U.S. The report also indicated that CGNU …
