Growth in all sectors propelled the 3rd quarter earnings of American International Group to new highs as it posted an operating profit of $1.41 billion, a 15 percent increase over 1999 figures, meeting analysts forecasts. Chairman Maurice Greenberg said that …
A former Prudential agent sued the insurer in a West Virginia Circuit Court Wednesday, alleging the company’s quota system drove him out of business. Billy T. Bush Jr. became a Prudential insurance agent in 1992 and opened an office in …
“There is turmoil in our industry right now,” Boh Dickey, president of Safeco Corp., told the approximately 700 attendees of Sacramento “I” Day last week. Dickey gave the keynote address at the event, which was hosted by the Insurance Agents …
The California Department of Insurance has approved a Proposition 103 settlement with Ohio Casualty Corporation, the holding company of The Ohio Casualty Insurance Company. Under the terms of the settlement, the corporation will pay $17.5 million, representing a refund of …
Insurance Revolution, Inc. and its wholly owned subsidiary InsureHiTech.com, an e-business property and casualty insurance portal, has received $10 million in a round of funding from J.P. Morgan Corsair II Capital Partners LP, a $1 billion private equity fund. InsureHiTech.com, …
Spectrum 2000 is an especially significant improvement since it offers much more flexibility and greater protection against property and liability losses. More than 700 types of businesses can now be protected with The Hartford’s Spectrum policy. Included are high tech …
According to a report in Daily Variety, production of Terry Gilliam’s new film, “The Man Who Killed Don Quixote,” has come to a halt due to the back injury to one of its stars, French actor Jean Rochefort, who was …
American International Group’s e-commerce site, aigdirect.com, is now offering a new program called AIGAssist that covers a package of travel insurance and 24-hour assistance services provided by AIG member companies. Potential travelers can receive instant quotes from the website for …
London-based international auctioneers Colliers CRE is planning to auction off a set of 303 domain names relating to the insurance industry on November 22. The set “is equally divided into three identical sub-sets [101 dot com / 101 dot net …
Changes in New York’s no-fault auto insurance regulation will help prevent fraud and lower costs, according to an amicus brief the National Association of Independent Insurers and the American Insurance Association plan to file in the Appellate Division of New …
