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
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'
Bank holding companies
Hancock Holding Company, the parent company of Hancock Bank in Gulfport, Miss., Hancock Bank of Louisiana in Baton Rouge, Louisiana, and First National Bank of Denham Springs, Denham Springs, Louisiana, announced impressive financial results for the third quarter of 1995. Net income for the quarter was $6.7 million, a
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
Insurance industry
Travelers Insurance is urging its policyholders affected by Hurricane Opal to report claims using specific telephone numbers. The company has also outlined precautions for residents to prepare for the storm, including securing property, having adequate supplies of water and food, and unplugging electrical appliances to prevent surges. In addition, commercial
Insurance industry
Oasis Residential, a real estate investment trust specializing in upscale apartment communities, has executed a $150 million commitment for a new unsecured revolving credit facility. The facility, led by Wells Fargo Bank, will provide the company with more flexible funding options and allow it to replace its existing secured credit
Insurance industry
The Zurich-American Insurance Group, a prominent member of the global Zurich Insurance Group, has selected ViewStar software for its commercial property-casualty claims processing. As part of its extensive reengineering study, Zurich-American aimed to leverage technology to optimize its claims processing operations, identifying document image processing and workflow as crucial components.
Insurance industry
Robert E. Evans, a seasoned executive from Travelers Insurance Co., has been appointed managing director of Fleet Financial Group's insurance services business, effective October 2. Evans will be responsible for developing Fleet's corporate-wide insurance services business and will report to Gunnar S. Overstrom, who will become
