Monthly Archives: <span>October 2000</span>

Autobytel.com Forms Partnerships for New Aftermarket Internet Sales Channel

Irvine, Calif.-based Autobytel.com Inc. announced it had formed partnerships with EyeVelocity, Source One Marketing, and automotive aftermarket accessory manufacturers LoJack, Katzkin Leather Inc., Saddleman and Steel Horse, to visually integrate the selection of aftermarket products into Autobytel.com’s consumer car-buying process. …

FBI Arrests 12 People Involved in Highly Organized Fraud Ring

The efforts of FBI agents and Los Angeles police officers have led to the arrest of 12 people involved in a highly organized fraud ring that staged auto accidents to steal millions of dollars from insurance companies. The arrests were …

Future of Calif. Earthquake Authority Remains Hot Topic of Debate

Treasurer Phil Angelides has indicated recently that he has some concerns about the stability of the California Earthquake Authority. He made his fears public Oct. 26, sending out a letter to lawmakers calling for a serious examination of the entity. …

AIG Third Quarter Shows Increased Income, Analysts

American International Group has reported that its income excluding losses increased 14.6 percent to $4.1 billion in the third quarter and 14.4 percent to $4.21 billion for the first nine months of 2000. Net income for the third quarter of …

Swiss Re Study: Outlook Promising for U.S. Credit Insurers

So found a recent Swiss Re sigma study “Trade Credit Insurance.” The study also found the products that will likely boost revenue include: credit lines for commercial internet purchases, information services and other support services for corporate accounts receivable departments. …

Swiss Re Study Sees Credit Insurance Growth

Swiss Re has published a new “Sigma” study, that examines the state of the credit insurance industry, and finds that “growth prospects for traditional credit insurance remain positive and, in addition, credit insurers have many promising new market opportunities.” The …

U.K. Storm Loss Estimates Between $300 and $660 Million – AIR Sees More Ahead

According to a BBC report, U.K. insurers’ preliminary estimates of the claims they may face from three days of high winds and rain, which have caused extensive damage in southern England, is put at around £200 million ($293 million). But …

AIG CEO Cancels Korea Trip – “Nothing To Do” With Hyundai Deal

AIG CEO Maurice Greenberg canceled a previously scheduled trip to Seoul, prompting speculation that the $1 billion plus deal announced last July for an AIG led consortium to acquire a 50 percent interest in financially troubled Hyundai Investment Trust Management …

Conning To Acquire Charter Oak Capital Management

Conning Corp. has entered into an agreement to acquire the Charter Oak Capital Management operations, a Hartford, Conn.-based investment manager with expertise in managing fixed income and equity securities portfolios for the insurance industry. The Charter Oak acquisition is expected …

Getting in the Thankful Mood

As we head into the holiday season, we turn our thoughts to what we are thankful for. For me, I have become a father again. My son Jack was born just a couple of weeks ago. He’s a little Chivvis …