Insurance industry
Guests and analysts from top companies including Entertainment Properties Trust (EPR), New Plan Excel Realty Trust, Inc. (NXL), and Storage USA, Inc. (SUS) will share their perspectives on market trends and company outlooks in an exclusive RadioWallStreet interview. The discussion, hosted by Joseph Besecker of Emerald Research, will cover a
Insurance industry
The state of Colorado welcomed its newest charitable foundation, Caring for Colorado, with a mock six-foot check for $155 million courtesy of Indianapolis-based Anthem Inc. The ceremony marked the end of an era for Blue Cross Blue Shield of Colorado, the oldest health insurer in the state, which was acquired
Insurance industry
AMP and Mitel Semiconductor today announced collaboration to incorporate AMP LIGHTRAY MPX products into Mitel's Smart OSA parallel fiber modules. This partnership aims to deliver highly-advanced performance to customized high-density terabit/petabit class networking, large scale computing, and communications systems. The combined technology will enable the emergence of
Insurance industry
Anthem Inc., a leading health benefits company, has successfully completed its acquisition of Blue Cross & Blue Shield of Colorado and Nevada, marking a significant milestone in the company's expansion strategy. The acquisition, which received approval from Colorado Insurance Commissioner William Kirven on November 4, 1999, has enabled
Insurance industry
Computer Sciences Corporation (CSC) has successfully converted more than 2 million policies and 3.5 million coverages for Colonial Life & Accident Insurance Co. to CSC's Distribution Support System (DSS) 15.0. This conversion, completed within 12 months, makes Colonial the largest-volume DSS client. The system, which processes
Insurance industry
Marc Cohodes of Rocker Partners hosted a comprehensive discussion on top stocks on the weekly RadioWallStreet show "Facts From The Other Side of The Tracks." The show featured Ron Strauss of Ardmore Partners as the guest of honor, with Mark Montgomery of Rocker Partners providing expert insights in
Insurance industry
Ace Ltd. filed a lawsuit against Capital Re Corp. in October 1999, alleging that the financial guaranty reinsurer broke its merger agreement by negotiating a separate deal with XL Capital Ltd. The lawsuit stemmed from Capital Re's decision to terminate its merger agreement with Ace in favor of
Insurance industry
The Senate passed the Gramm-Leach-Bliley Act, formerly known as the Financial Services Modernization Act, in a 90-8 vote on November 4, 1999. The bill will allow financial institutions and insurance companies to merge and engage in other affiliation agreements. However, privacy advocates are concerned that the bill will allow unprecedented
Insurance industry
The Automobile Association of America (AAA) launched a pilot of two stored value cards with Fleet Boston Corp. and Visa, targeting AAA members traveling internationally and domestically. The early indications are that members are responding positively to the new payment option, as it provides safety and security equivalent to other
Insurance industry
Knight Ridder Inc., the second-largest US newspaper company, has announced a significant expansion of its share buyback program, authorizing the repurchase of up to 6 million additional shares. This move comes on the heels of the company's shares reaching a record high and a 29% increase in net
Insurance industry
Eight major companies, including Equity One, Group 1 Automotive, and APACHE Medical Systems, will broadcast their quarterly earnings conference calls live over the Internet, through Investor Broadcast Network (IBN). The calls, which will take place on October 26 and 27, 1999, will be available to registered users through the IBN&
Insurance industry
Businessman Richard Hayward has won a significant battle against his insurance company, Norwich Union, after his £65,000 Porsche was stolen despite being equipped with a security-coded immobilizer. The judge ruled in Hayward's favor, deeming the policy wording ambiguous, and awarding him £74,648 in damages. This decision
