Insurance industry
The joint announcement by State Farm insurance companies and The Greenlining Institute has laid the foundation for increased property insurance availability for low and moderate income families in East and Central Los Angeles. As part of the partnership, State Farm will unveil an urban marketing program that could double its
Insurance industry
As senior citizens in the United States control half of the discretionary income and three-quarters of the financial assets, they have become a lucrative target for insurance scams. According to estimates, 30% of all financial scam victims are over 50, making self-protection a top priority. Two new books from Merritt
Insurance industry
Softlab Inc., a leader in application maintenance solutions, has announced a contract with The Principal Financial Group, one of the largest insurance companies in the U.S., for a company-wide implementation of Maestro II. The Principal will begin with an initial installation of 80 workstations in its Information Systems (IS)
Insurance industry
Mutual Assurance, Inc. has signed an agreement to purchase Physicians Insurance Company of Indiana's stock, marking a significant development in the healthcare insurance market. The acquisition, backed by PICI's Board of Directors, aims to create a larger entity with the capital and geographic scope to meet
Insurance industry
Travelers Insurance and its Massachusetts subsidiary have partnered to overhaul Missouri's workers' compensation Assigned Risk Pool system. The partnership, chosen through a competitive bid process, will see Travelers absorb all potential losses in the pool, covering approximately 32,000 companies and a total premium of over $200
Insurance industry
AFLAC Incorporated, a leading international holding company, has announced the authorization of the repurchase of up to 4.6 million shares of its common stock. This move comes after a successful year for the company, during which it concluded its best year in history. The company's financial condition
Insurance industry
A tumultuous period for the life insurance industry, marked by the failure of Confederation Life Insurance Co. and increasing competition from banks, has sent share prices plummeting. However, a few analysts believe that the downturn has created opportunities to buy quality stocks at a discount. Mutual fund manager Irwin Michael
Insurance industry
Foremost Insurance Group, a leading insurer of manufactured homes and recreational vehicles, has selected MCI as its telecommunications service provider after a rigorous evaluation process. The five-year agreement, valued at $12 million, will provide Foremost with access to MCI's value-added services, including Insurance Value Added Network Services (IVANS)
Insurance industry
S&P lowers its claims-paying ability rating of Franklin Life Insurance Co. to double-`A' from double-`A'-plus after the company withdraws about $500 million of capital to partially finance the acquisition by American General Corp. Franklin Life's strong competitive position, good capital position,
Insurance industry
ITT Hartford Insurance Group, a unit of ITT Corp., has ended negotiations to merge with Hooge Huys Verzekeringen N.V., a Dutch insurance company. Although the two companies had announced their merger plans in September 1994, they were unable to reach a common ground. The decision to abandon the merger
Insurance industry
AFLAC Incorporated, a leading underwriter of supplemental insurance, today announced record fourth quarter results. The company's operating earnings of $77.8 million, excluding realized investment gains/losses, were the best in its history. This feat was achieved despite challenges posed by Japan's sluggish economy and low
Insurance industry
The Bank of New York has been chosen by SunLife of Canada, Canada's largest insurer, as the global custodian for their $100 million portfolio. The selection was made after a thorough review of the bank's services, with references and recent results of global custody surveys being
