ABD Insurance and Financial Services, with headquarters in Redwood City, Calif., have formed a partnership with Sacramento-based BP Insurance, a company offering specialized employee benefits and insurance packages. In addition to employee benefits programs, BP Insurance clients can now access …
A lawsuit that could have far-reaching effects has been filed by policyholders of Prudential Life Insurance Co. The suit brought against the company and its directors and senior officer alleges that the directors and senior officers have breached their fiduciary …
The number of people killed in traffic accidents increased last year, due in part to a rise in fatal motorcycle accidents. Federal estimates to be released today are expected to show that after many years of decline, motorcycle accident deaths …
On March 28, Standard & Poor’s removed the ratings of SAFECO Corp. and related entities from CreditWatch and lowered SAFECO’s counterparty credit rating and senior unsecured debt rating from “A-” to “BBB+.” The ratings had been on CreditWatch with negative …
Petrobas, Brazil’s state owned oil company, announced that it has finally been able to renew its insurance coverage, which was due to expire on Saturday, but with a rate increase of over 650 percent above the $7.5 million it paid …
Claims Direct, the U.K. company that handles accident victims compensation claims on-line, issued a new profit warning on Wednesday, estimating that it would have pretax losses of £20 million ($28.65 million). The company is still suffering from bad publicity last …
U.S. broker Acordia, which was recently purchased by the Wells Fargo Bank, and U.K. broker Heath Lambert announced plans to form an alliance aimed at offering their respective clients enhanced global services. They plan to set up a Channel Islands …
The German banking and insurance sector, like a volcano that has long been threatening to erupt, may finally explode this weekend. Two of the world’s largest insurance groups, Allianz AG and Munich Re are reportedly in the final stages of …
Legislation allowing undisputed workers’ comp claims to be handled out of state was passed earlier this week by the Maryland House of Delegates. HB 1223, which would abolish an outdated rule requiring workers’ comp insurers to maintain a claims office …
Love Bug-type viruses. Lawsuits for privacy violations. For small and mid-sized companies venturing onto the Internet, the world of cyberspace can be fraught with pitfalls. Compounding the problem is that few small and mid-sized companies know whether they are adequately …
