Insurance industry
Entergy Corporation, a major global energy company, has filed with the Federal Energy Regulatory Commission an application for approval of the transfer of its transmission assets to an independent transmission company, or Transco. This move is aimed at complying with FERC Order No. 2000, which requires certain public utilities to
Insurance industry
BenefitMall.com has made a significant stride in enhancing the efficiency of its network of registered small group brokers by providing wireless access to multi-carrier quotes. This innovative move continues BenefitMall's track record of adopting new technologies to facilitate insurance brokers' productivity in a fast-paced and competitive
Insurance industry
Fidelity National Financial, Inc. has partnered with nCommand to provide lender services through its value-added network, utilizing nCommand's Mortgage Electronic Partner Network (EPN) to automate and synchronize intercompany business processes. This partnership enables lenders to electronically access Fidelity's extensive suite of mortgage products, including credit reporting,
Insurance industry
The Principal Financial Group, the nation's 401(k) leader, has chosen a solutions partnership with Sapiens and IBM to enhance its current systems on the web, significantly reducing costs and improving client satisfaction. The system, which utilizes Sapiens eMerge solution and an IBM S/390 enterprise platform and
Insurance industry
As more medical data move online, concerns about liability for innocent coding mistakes and violations of patient confidentiality are growing. Several e-health and Internet computer security companies are offering insurance protection against financial losses caused by their products, seeking to capitalize on physicians' fears. However, experts warn that these
Insurance industry
American Trans Air, Inc. (ATA) has finalized the sale of $30 million in preferred convertible equity to International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of American International Group, Inc. (AIG). As part of a previously announced financing package, the sale will support ATA's purchase of new aircraft,
Insurance industry
Interlink Networks, a leading developer of Authentication, Authorization, and Accounting (AAA) products, has secured $5 million in funding from top investors Mustang Ventures, Nokia Internet Communications, and Arbor Venture Partners II to further develop its AAA technology and drive standards-based infrastructure. This strategic investment aims to enable seamless, transparent, and
Insurance industry
Citigroup, the most global financial services company, has announced the appointment of Barbara Yastine as Chief Financial Officer of Salomon Smith Barney and Citibank's Global Relationship Bank. With an impressive financial background and experience in global financial management, Yastine will report to Michael Carpenter, Chairman and Chief Executive
Insurance industry
The Scottish Provident Institution, a life insurer, has kept silent on reports of a potential sale to Abbey National plc, despite being under pressure to consider demutualization. The company is currently undergoing a review to determine whether its board will recommend converting the company from a mutual to a stock-owned
Insurance industry
The British athletics season and the start of another round of Premiership football have captured the nation's attention, with both sports benefiting from heightened media coverage. This increased exposure has largely been driven by the upcoming Olympics, but the Norwich Union's prominent placement in the sports
Insurance industry
As the economy continues to grow and the labor market remains tight, Chicago-area salaried workers are in line for an average 4.5% raise in 2001, an increase from 4.4% last year. Local executives, including CEOs and those who report directly to them, will fare better, garnering average salary
Insurance industry
California's acting insurance commissioner has approved a plan to rehabilitate Superior National Insurance Cos., involving the transfer of certain assets and liabilities to Kemper Insurance Cos. The plan includes the lifting of a temporary suspension of claims-related payments, and checks are being issued again to policyholders. This decision
