Insurance industry
In a major development, the board of directors of Lawrence Insurance Group Inc. (LIG) has voted to consent to a New York State Order of Liquidation of United Community Insurance Company (UCIC). This move will not impact LIG's other subsidiaries and will enable the company to refocus its
Insurance industry
Unisys Corp., a Fortune 500 company specializing in information management and technology, has announced a strategic alliance with The Associated Group, an insurance, healthcare management, and financial services company. The partnership aims to leverage each company's strengths in information technology and healthcare management to create innovative solutions for
Insurance industry
The Liberty Corporation, a holding company based in Greenville, South Carolina, announced its third quarter operating earnings of $15.3 million, an 11% increase over the previous year. This growth was driven by strong performances in both the insurance and broadcasting operations, with operating earnings in the insurance sector increasing
Insurance industry
Wickes Lumber Company and Riverside Group, Inc. are exploring a plan to combine their operations. Under the proposal, Riverside's remaining businesses would be sold, and the company would focus on its investment in Wickes. The plan aims to strengthen Wickes' capital and liquidity, enabling the company to
Insurance industry
A groundbreaking partnership between ViatiCare Financial Services, L.L.C., and Cargill Financial Services Corp. will grant ViatiCare a minimum funding capacity of $600 million over five years, revolutionizing the way terminally ill Americans access financial services. This collaboration has the potential to significantly improve the quality of life for
Insurance industry
Acordia, a network of companies providing insurance broking, managed healthcare integration, and consulting services, announced its financial results for the third quarter and nine months ended September 30, 1995. Despite a notable 31% increase in revenues, the company's operating income and net income declined significantly compared to the
Insurance industry
The new insurance quoting and comparison service called QuickQuote has been making waves on the Internet since its debut this summer on the World Wide Web. The innovative service allows users to compare term life insurance plans and annuities in real-time, providing instantaneous quotes and company profiles. With access to
Insurance industry
The British taxpayer will cover insurance claims for serious accidents or commercial failures above £140 million per year for the new privatised nuclear company, British Energy. This decision comes after private firms operating the Atomic Weapons Establishment at Aldermaston, such as Hunting-Brae, the defence consortium, were unable to find private
Insurance industry
Fannie Mae, the nation's largest source of home mortgage funds, and PMI Mortgage Insurance Co., the nation's third largest mortgage insurer, have announced a strategic partnership to integrate special FHA and VA guidelines from PMI's pmiAura electronic mortgage underwriting engine with Fannie Mae'
Insurance industry
Allmerica Financial Corporation, a Worcester, Mass.-based life insurance holding company, has successfully launched its initial public offering (IPO) with 11 million shares of common stock trading on the New York Stock Exchange under the symbol "AFC." The IPO price is set at $21.00 per share, with
Insurance industry
ITT Hartford Insurance Group, a leading insurer, has announced that it will continue to insure Florida, Alabama, and Georgia residents devastated by Hurricane Opal, even if they are temporarily unable to make their insurance payments. According to Stephen Hasenmiller, senior vice president and director of personal lines, the company wants
Insurance industry
TXEN Inc., a provider of computerized claims administration services to the managed healthcare industry, has announced a partnership with Seabury & Smith Inc., a subsidiary of Marsh & McLennan Companies Inc., to develop a paperless healthcare system. The agreement will enable physicians to access electronic health benefits processing, streamlining the
