France’s AXA Group, one of the world’s largest insurers, announced that it aims at optimizing the purchase of goods and services by AXA companies, and described the move as “one of the keys to the operational excellence of the Group.” …
Bermuda’s Arch Capital Group Ltd. announced that it has set the price of the public offering of 6,500,000 of its common shares at $25.50 per common share, and has granted the underwriters an option to purchase an additional 975,000 common …
Assurex Global Partners, the private organization of leading brokers and agencies, announced that it has expanded its worldwide presence with the addition of international broker Partners in Lima, Peru and Tunis, Tunisia, as well as North American Partners in Glastonbury, …
The New York State Insurance Department will hold an educational consumer insurance forum in Buffalo on April 11th “to answer consumer questions on insurance and discuss insurance issues specific to Western NY.” The forum is open to the public and …
The Highlands Insurance Group reported a net loss of $276.9 million ($21.07 per share) for the fourth quarter of 2001, compared with a net loss of $115.1 million ($8.70 per share) in the fourth quarter of 2000. The results for …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested a Sacramento man on six counts of insurance fraud. Scott White, 39, was booked into the Sacramento County Jail and bail was set at $20,000. If …
The average medical payment per workers’ compensation claim in California has been increasing significantly in recent years mainly as a result of more visits to non-hospital providers and rising hospital costs, according to a study released by the Workers Compensation …
Danielson Holding Corporation reported a loss of $14.33 million ($0.74 per diluted share) on revenues of $94.1 million for the year ended Dec. 31, 2001, compared with income of $1.03 million ($0.05 per diluted share) on revenues of $86.2 million, …
Docucorp®, a provider of enterprise information solutions, announced National Grange Mutual (NGM) Insurance Co. will license its enterprise publishing solutions as part of the beginning phase of the NGM “Systems Replacement Project” orchestrated to improve agent communication, access and productivity, …
With the start of the summer vacation air travel season barely two months away, flight insurance is making a climb upwards according to a report in the New York Daily News. Travel policies are being purchased not only to provide …
