Connecticut state workers and retirees will not get part of a $94 million stock windfall received by the state in 2001 and then used to help fill a budget gap. The state Supreme Court on Friday rejected the workers’ appeal …
Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years. Those gains are threatened, however, by new financial regulations, changes in corporate governance and new technology, Swiss Re said in …
Economical Insurance, one of Canada’s largest property and casualty insurers, moved closer to becoming a public company after its board voted to demutualize. The 10-member board of directors recommended it convert to a shareholder-owned company from one owned by its …
Health insurer WellPoint Inc. has agreed to pay $90 million to settle a class-action lawsuit against its Anthem unit over accusations the company did not fairly compensate former members when Anthem was converted from a mutual company into a stock …
