Insurance
SecurityLink(SM) from Ameritech has announced a series of marketing agreements with real estate, banking, and insurance companies to offer new home buyers information and discounts on security systems. This initiative aims to provide added protection to homeowners, particularly during the first few months after moving into a new home,
Insurance
Cendant Corporation has extended its cash tender offer to purchase approximately 23.5 million common shares of American Bankers Insurance Group at a price of $67 per share. The offer, which began on January 28, 1998, has been extended through September 1, 1998, allowing more shareholders to participate in the
Insurance industry
In a significant real estate deal, Parkway Properties, a real estate investment trust from Jackson, Miss., has purchased Town Point Center, a 12-story office building in downtown Norfolk, for $10.45 million. The sale, announced by Gresh Wall, vice president of investment sales at Divaris Real Estate Inc., marks a
Insurance industry
In the second quarter of 1998, several prominent companies reported significant increases in profits, while others struggled to keep up with the market's demands. Travelers Group, for instance, saw its net income rise by 29%, driven by gains in insurance and consumer finance. On the other hand, McDonald&
Insurance industry
Chase/USI, a strategic alliance between The Chase Manhattan Corp. and USI Holdings Corp., has named Darsweil L. (DL) Rogers as its chief executive officer and Richard Hatkewicz as president and chief operating officer. The insurance agency focuses on providing commercial property and casualty insurance products and employee benefits to
Insurance industry
Aggressive driving, defined as behavior that endangers others on the road, is a growing concern on American highways. While Road Rage, which involves deliberately attempting to harm others with a vehicle, is often discussed, aggressive driving is a distinct issue. According to the American Automobile Association (AAA), one in four
Insurance industry
The Nasdaq composite index reached its first record since April 22, fueled by expectations that semiconductor sales will rebound, with Intel Corp. leading the charge. The Standard & Poor's 500 index also set a new record, boosted by gains in Travelers Group Inc. and Citicorp, which will soon
Insurance industry
Green Tree Financial Corp., once the nation's largest mobile home lender, has disclosed that it will need to erase another $350 million from its bottom line due to questionable accounting practices. This comes just six months after the company declared it had cleansed its income statements, taking a
Insurance industry
The Scottish National Party (SNP) and insurance giant Scottish Widows held an important meeting to discuss the party's economic ideas for an independent Scotland. This meeting comes a month after Scottish Widows' CEO, Mike Ross, warned that independence would be bad for the company's business.
Insurance industry
Standard & Poor's, a renowned credit rating agency, has reaffirmed the triple-'A' financial strength ratings for the members of the Berkshire Hathaway Insurance Group, following the company's decision to acquire General Reinsurance Corp. (Gen Re) for $22 billion. This significant acquisition creates the
Insurance industry
The banking industry has long sought to create one-stop financial centers, where consumers can access a range of services from a single provider. After almost 20 years of efforts, the proposed merger between Citicorp and Travelers Group appears to be the most promising attempt yet. The $85 billion deal, set
Insurance industry
Life company AMP's float on the Australian stock market brought surprise windfalls to the 171,000 UK shareholders who received approximately £6,500 each. Non-Australian holders would have gained even more, but the recent sharp fall in the local currency limited their gains. The value of the shares
