Insurance industry
Specialized insurance agents who take the time to meticulously research coverage options for their clients often overlook their own liability needs, leaving themselves vulnerable to costly lawsuits. Agents face liability from three sources: customers, insurers, and third parties. According to Executive Risk Management Associates, many agents fail to secure comprehensive
Insurance industry
The Sedgwick Group, a leading provider of risk consultancy, insurance broking, and financial services, has announced its unaudited pre-tax profit for the first six months of 1995, rising to 63.1 million pounds compared to 63.4 million pounds for the same period in 1994. Revenue increased by 2 percent
Insurance industry
Aetna Life Insurance and Annuity Company, a subsidiary of Aetna Life and Casualty Company, has reached a significant milestone with the announcement of a selling agreement with Huntington Insurance Agency Inc., a subsidiary of Huntington Bancshares, Inc. This strategic partnership aims to bring Aetna's life insurance products to
Insurance industry
Pioneer Financial Services, Inc., a national health and life insurer, has successfully completed its bond conversion offer for up to $54 million of its 8% Convertible Subordinated Debentures due 2000. The offer, which closed on August 4, 1995, attracted approximately $46,916,000 in bondholders, with over $2,424,000
Insurance industry
FHP, Inc., one of the nation's largest health maintenance organizations, has been selected by Nippon Life Insurance Company to provide managed health care benefits to Japanese companies with operations in the United States. This partnership represents a significant business opportunity for FHP, as it will be the exclusive
Insurance industry
As Hurricane Erin makes its way through the region, residents need to understand what damage is covered under standard business and homeowners policies. According to the Insurance Information Institute, standard policies will cover wind damage, but flood damage is covered under separate policies, either through the National Flood Insurance Program
Insurance industry
Mercantile Mutual, one of Australia's leading insurance and financial services groups, has selected Informix Software Inc.'s INFORMIX(R)-OnLine Dynamic Server(TM) as its corporate database platform to support the development of major strategic systems. This decision was made after a comprehensive evaluation of open systems
Insurance industry
The state of California has long been at the forefront of trends, regulations, and legislation affecting the property and casualty insurance industry. Since the passage of Proposition 103 in 1988, the state has become a battleground for new and old ideas that impact the free enterprise precepts that allow the
Insurance industry
Citation Insurance Group, a regional multiple-line specialist in the workers' compensation and commercial property and casualty marketplace, has faced significant challenges in California. The company announced that the California Department of Insurance has placed its subsidiary, Citation General Insurance Company, into conservation, effective July 21, 1995. This decision was
Insurance industry
Conseco's plan to acquire all outstanding shares of CCP Insurance, Inc. and 80% of Bankers Life Holding Corporation is set to alter the company's financial structure, leading to several rating actions. This move will increase Conseco's debt-to-total capital ratio from 21% to 49% and
Insurance industry
PC DOCS Group International Inc. is pleased to announce that Northland Insurance Companies has chosen DOCS Open, from its subsidiary PC DOCS Inc., as a recommended solution for enterprise document and image management. This implementation will enable Northland Insurance to extend image and document management to all LAN users within
Insurance industry
Continuum Company, Inc. (NYSE: CNU) announced that The Hartford Fire Insurance Company, a leading property and casualty insurer, has acquired a license to use Continuum's COLOSSUS software system for evaluating bodily injury claims. The adoption of COLOSSUS, one of the most comprehensive knowledge-based systems in commercial use, marks
