Insurance industry
In a shocking move, a group of auto insurers, including Allstate Insurance Co. and Progressive Casualty Insurance, have filed a lawsuit against 16 medical clinics in Minnesota, accusing them of defrauding insurers by soliciting accident victims and billing for unnecessary, excessive, or never-rendered treatments. The clinics, located in the St.
Insurance industry
New mothers are facing overwhelming pressure to regain their pre-pregnancy figure after giving birth, with 'super-fit' celebrity mothers adding to their anxiety, a recent survey revealed. Almost half of mothers surveyed said their main concern after having their baby was to lose the weight they had put on
Insurance industry
A recent study conducted by Norwich Union Healthcare has found that two in five mothers in the Yorkshire region feel pressure to lose weight after giving birth, blaming celebrity mums for setting unrealistic expectations. The study surveyed 500 pregnant women and new mothers, revealing that nearly 90% of participants believed
Insurance industry
Bill Gates, the founder of Microsoft, and Manulife Financial Corporation, a Canadian-based insurance and financial services company, have each agreed to pay substantial fines and penalties for violating the Hart-Scott-Rodino ("HSR") Act of 1976. The HSR Act requires companies to notify federal antitrust enforcement agencies before consummating acquisitions
Insurance industry
John Hancock Preferred Income Fund III, a diversified closed-end fund, declared its regular monthly dividend of $0.0725 per share. This dividend translates to an annualized yield of 9.42 percent, based on the fund's closing market price as of July 6, 2004. The fund's primary
Insurance industry
AIG SunAmerica Asset Management Corp. has launched a series of target maturity funds designed to provide investors with a broad-based equity participation while minimizing risk. The High Watermark Funds are open-end mutual funds with a guarantee of return of principal plus any gains achieved to shareholders who remain invested until
Insurance industry
Prudential Financial, a leading financial services company, has announced the appointment of Mark Hug as vice president and chief marketing officer for its individual life insurance area. Hug, who brings over two decades of experience in the industry, assumes the role effective July 19, 2023, and reports directly to Jim
Insurance industry
JennisonDryden Mutual Funds and JennisonDryden Managed Accounts, a subsidiary of Prudential Financial, will be the sole Gold Sponsor of the 2004 Morningstar Investment Conference. The conference will take place from June 23 to 25 at the Chicago Hyatt Regency on the Riverwalk. Jennison Growth Fund co-manager Kathleen McCarragher will speak
Insurance industry
Prudential Investment Management has announced an expansion of its marketing efforts within the insurance industry, including the addition of a new member to its insurance marketing team. John Foehl, a former consultant, has joined Prudential Investment Management to leverage the company's broad range of products to property &
Insurance industry
Prudential Real Estate Affiliates, Inc. and Yahoo! Inc. have entered into an agreement that provides visitors to Yahoo! Real Estate with access to comprehensive and detailed real estate listing information from a Prudential Real Estate broker in their selected market area. This partnership aims to provide consumers with a more
Insurance industry
Gaston Caperton, former President of the College Board, has been elected to Prudential Financial's board of directors. Caperton, a seasoned leader in education and public policy, brings expertise in insurance, public policy, and education to the table. His tenure as West Virginia's governor from 1988 to
Insurance industry
Fierce economic pressures are forcing life assurers to rethink their business models, resulting in significant job losses. Aviva, the UK's largest life assurer, and Royal London, the second-largest mutual life assurer, have announced combined job cuts of 1,330, with Aviva cutting 700 jobs and reducing contract positions
