Insurance industry
Standard & Poor's today lowered its ratings on Reliance Group Holdings Inc. and its members, placing them on CreditWatch with developing implications. The action comes as the company faces increasing concerns over its ability to refinance approximately $500 million in debt obligations, which are maturing in August and
Insurance industry
Standard & Poor's lowered its ratings on Reliance Group Holdings Inc. and its subsidiaries due to increasing concerns that the company will fail to refinance $500 million in debt obligations maturing in August and November of this year. The company's divestiture of key businesses and retention
Insurance industry
The Commonwealth Bank of Australia has chosen EDS to help manage the integration of technology services and e-business capabilities resulting from the bank's merger with Colonial Limited. The existing IT outsourcing contract between the Commonwealth Bank and EDS will be expanded to include the Colonial IT expenditure, adding
Insurance industry
Matsushita Electric Works and Sumitomo Life Insurance Company have partnered to promote nursing care services, with Sumitomo's 50,000 sales agents marketing these services to 9 million policyholders and their families. Meanwhile, the National Australia Bank is separating its insurance and investment operations from banking, following the acquisition
Insurance industry
Kim King, a member of the team that assembled the 16-acre City Center tract in Buckhead 15 years ago, believes the site is prime for an office tower development. The tract, situated at the intersection of Buckhead's two main thoroughfares and equidistant to Lenox Square mall and West
Insurance industry
Aetna U.S. Healthcare, a leading health benefits organization, has announced agreements with Hewlett-Packard (HP) and NetZero to provide discounts on computers and free internet and e-mail access to all physicians, dentists, pharmacists, nurses, and medical students in the U.S. The program is also available to all Aetna employees.
Insurance industry
State Farm Mutual Automobile Insurance Company is returning $1 billion in premium paid by its policyholders in 49 states, the District of Columbia, and three Canadian provinces. This is part of the company's latest policyholder dividends program, approved by the State Farm Mutual board of directors. Policyholders will
Insurance industry
State Farm, the largest personal lines insurance company in the United States, has announced a return of $1 billion in premium paid by its auto insurance policyholders across 49 states, the District of Columbia, and three Canadian provinces. This marks a significant milestone in the company's policyholder dividends
Insurance industry
Computer Sciences Corporation (CSC) and AMP Limited have announced an expanded five-year total outsourcing agreement worth US$314 million (A$550 million), effective June 1, 2000. This expanded agreement replaces the final three years of the original agreement that was to have ended in 2003. The outsourcing deal is part
Insurance industry
Aetna Inc. has been under pressure from shareholders for its sagging stock price, but the company recently reached an eight-month high after announcing it was in discussions to sell its financial services and international businesses to ING Group. The health insurance giant initially rejected a bid from ING and Wellpoint
Insurance industry
As the e-business landscape evolves, key corporate portal vendors are turning their attention to vertical market offerings, fostering strategic partnerships with industry-specific content providers to snag and retain users. This spring, a flurry of vertical market deals sprouted, benefiting health care, insurance, chemical, and legal industries. Notable partnerships include Viador
Insurance industry
The UK's financial services industry is experiencing a significant shift towards digitalization and personalization, with various organizations launching new products, services, and marketing campaigns to adapt to changing consumer needs. The industry is moving towards a more dynamic and customer-centric approach, driven by the increasing popularity of online
