Fremont General Corporation’s ongoing property and casualty insurance subsidiaries have entered into certain agreements with the California Department of Insurance which, among other things, will allow these insurance subsidiaries to adjust to present value their workers’ compensation net loss and …
Paul Franklin Ostrove of Hermosa Beach was sentenced to six months in jail for insurance fraud after making false statements about his qualifications to pilot an aircraft when filing a claim in connection with the crash landing in August 1998 …
Insurance Management Solutions Group, a provider of outsourcing services for insurance and financial companies, said Wednesday that Nasdaq plans to delist its shares. The company’s stock is expected to cease trading on Nasdaq as of Feb. 22 because of Insurance …
Conseco Inc. plans to retire $132 million in public debt in December. Along with the company’s repayment of $650 million in bank debt in September, the move will save the troubled U.S. life insurer $68 million in annual interest expense, …
Conseco Inc. plans to retire $132 million in public debt in December. Along with the company’s repayment of $650 million in bank debt in September, the move will save the troubled U.S. life insurer $68 million in annual interest expense, …
The Seibels Bruce Group has reached a settlement with the sellers of Graward General Companies related to an acquisition dispute. In the settlement, Graward agreed to cancel four Subordinated Purchase Notes dated May 1, 1998 in the aggregate face amount …
Both the Missouri Department of Insurance and a key industry group are recommending that several years of workers compensation rate reductions continue into 2001. “We have been prepared for this long cycle of rate cuts to level out eventually, but …
International accounting and consulting firm Pricewaterhouse Coopers has issued a report on the future of the property/casualty industry, which examines the competitive landscape and “identifies the key drivers determining which non-life insurers will lead and survive in the new marketplace.” …
Henri de Castries, who succeeded the legendary Claude Bébéar as head of AXA last May, told the French financial newspaper Les Echos that the company’s primary focus is on growth in the financial service sector for both companies and individuals …
La Réunion Aérienne, the insurance pool with primary coverage for losses resulting from the crash of the Concorde near Paris last July, has officially launched a recovery action against Continental Airlines as part of court proceedings in France. While French …
