Insurance industry
Gary Lauer, a 21-year computing, visual technology, and Internet veteran, has been named President and CEO of eHealthInsurance.com, a leading online health insurance provider. Lauer brings a wealth of experience and leadership skills to the role, having previously served as Chairman, President and CEO of MetaCreations Corp. and held
Insurance industry
Japanese technology giants NEC Corp and NTT Data Corp have joined forces to develop and sell nursing care-related software, marking a significant move towards improving care services in the country. This collaboration aims to provide municipalities and nursing care service providers with a network-based care management application to create personalized
Insurance industry
State Farm Insurance, the largest provider of homeowner's insurance in Texas, has announced a 1.8 percent rate increase for new policies and an average of 1.8 percent increase for policies renewed after March 1. This move follows a trend of moderate increases in claims unrelated to
Insurance industry
The Guilford County commissioners voted 6-4 to offer $270,000 to UnitedHealth Group if the company chooses Greensboro for a major expansion. The incentive package is contingent upon UnitedHealth Group bringing as many as 860 jobs and $21.7 million to the tax base. The company would receive the reimbursement
Insurance industry
GE Capital's Japanese-based joint venture, GE Edison Life Insurance Co., will acquire Toho Mutual Life Insurance Co.'s operations, including 1.6 million policyholders and related assets. The Policyholder Protection Corp., a Japanese insurance industry safety-net organization, will contribute approximately $3.6 billion as part of the
Insurance industry
AXA Advisors, LLC, has appointed Carlos M. Musibay as the President of the Florida/Caribbean Region, effective immediately. Musibay will lead a team of nearly 700 financial professionals across the region's six branches, including Miami/Ft. Lauderdale, Boca Raton, Orlando, Tampa, Jacksonville, and Puerto Rico. With over 30
Insurance industry
Standard Life, the Edinburgh-based mutual life insurer, has announced its plans to enter the Hong Kong life and pensions market through a joint venture with China Everbright, one of China's leading companies. This move reflects the group's aggressive strategy to expand overseas, following its earlier rejection
Insurance industry
HealthAxis.com, a unit of Provident American Corp., has clarified that the losses reported by its UICI's credit-card division on December 9 would not affect its merger with UICI's subsidiary, Insurdata Inc. The company is planning to trade under the Healthaxis.com name and apply for
Insurance industry
Weingarten Realty Investors and American National Insurance Company have announced a joint venture to co-own and operate a portfolio of industrial properties in the Houston area. The joint venture involves a 80% share of the properties being sold by Weingarten Realty Investors to American National, with Weingarten retaining a 20%
Insurance industry
Germany's biggest capitalist, Allianz, has strong opinions on rewriting the "Rhineland" model of capitalism in the wake of Vodafone's hostile bid for Mannesmann. Henning Schulte-Noelle, chairman of Allianz's board of management, believes that governments should not intervene with takeover bids, and national
Insurance industry
DocuCorp International, a leading provider of document automation software and services, has partnered with American International Technology Enterprises (AITE) to enhance the insurance industry through the use of its iPPS system. The partnership aims to provide AITE's insurance industry customers with real-time, online access to policy-related documents, improving
Insurance industry
The Royal Bank of Scotland (RBS) will embark on a major drive to increase its share price this week, aiming to secure control of the National Westminster Bank (NatWest). Analysts suggest that the Edinburgh bank may require its partners, British insurer CGU and Spanish bank BSCH, to buy shares on
