The St. Paul Cos. responded to published reports today regarding unsecured creditors of Sunbeam Corp., that the company’s surety exposures related to the Sunbeam Corporation bankruptcy filing are immaterial. “We have not yet received any claims relating to Sunbeam, and …
National Marketing Services Inc., a provider of marketing products and services since 1988, has announced the launch of www.Programbusiness.com, designed to bring retailers, wholesalers, MGAs and program managers together in an information-exchange Web portal. Retail agents can visit Programbusiness.com to …
American United Life Insurance Co. is denying charges by the National Association of Securities Dealers it has used “misleading and unbalanced” sales literature to sell variable annuities. The Indianapolis-based insurer has not agreed to a financial settlement as have five …
Producer licensing legislation has advanced in Indiana as the House of Representatives approved House Bill 1674, based on the National Association of Insurance Commissioners’ model. The National Association of Independent Insurers has urged the Indiana Senate to amend the proposal …
Credit Suisse Group is selling its large multi-corporate insurance business to Bermuda-based financial services group XL Capital Ltd for $600 million. The move will reportedly allow Credit Suisse’s Swiss-based international insurer, Winterthur, to focus on private non-life clients and small …
British insurer CGNU Plc will take on an additional cost of $200 million in its purchase of CGNU due to amendmen6ts to the sale of its U.S. general business to White Mountains Insurance Group Ltd. CGNU said in September it …
Sun Life of Canada is shutting its UK sales operation and cutting1,700 jobs over the next three years. The company, which has 100,000 UK shareholders, also issued a profits warning, saying that meeting expectations would be “a challenge.” The company …
Japanese auto maker Mitsubishi Motors Corp. said it plans to recall more than 1.52 million vehicles globally. The new total, announced during a Feb. 16 news conference was revised from the 1.35 million cars in Japan and the U.S. announced …
Kaye Group Inc. has announced that Kaye Insurance Associates Inc. New England, its Westport, Connecticut-based retail insurance brokerage subsidiary, has signed an agreement with Willis North America Inc., a division of London-based international risk management and insurance intermediary Willis Group …
On Feb. 6, a North American Free Trade Agreement arbitration panel upheld an interim ruling opening the United States border to Mexican trucks. Many in the insurance industry say they will cautiously review the changes the ruling will bring, while …
