Insurance industry
Safeco Corp., a Seattle-based insurance company, has agreed to sell its life and investment operations to a group of investors led by White Mountains Insurance Group Ltd. and Berkshire Hathaway Inc. for a total of $1.35 billion. The sale includes Safeco Life & Investments' life insurance, group insurance,
Insurance industry
Ontario Superior Court judge Madam Justice Sandra Chapnik has delivered a scathing verdict against Allstate Insurance, condemning the company for its treatment of policyholder Marino Rodriguez after a fire made his home uninhabitable in January 1990. The judge found that Allstate had refused to repair the damage or cover the
Insurance industry
As Commercial Union (CU) prepares for a possible £1.6 billion acquisition of French insurer Groupe Victoire, the company's long-term prospects, particularly its new alliance with Abbey National, are being overshadowed by concerns over dilution of shareholders' value and market growth. Despite the UK composites showing sparkling
