New twist in insurance bid battle
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Resolution drops its support for a Â£4.9bn offer from Standard Life after rival Pearl buys a quarter of its shares.
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A new contest allows you to test your breakout business concept.
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The proposed rules for auto insurance competition in Massachusetts were met yesterday with skepticism from consumer advocates and caution from at least some insurers.
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The offshore insurer opportunistically moves in and out of insurance lines to grow the business.
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ACE Ltd. yesterday became the latest insurance company to unveil changes in its business practices in response to the industry probe launched by New York's attorney general.
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A California consulting company steered group life and disability policies to insurers in exchange for secret payoffs that drove up the cost of employee-paid premiums
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Corporations are eye-balling their insurance policies and payments more closely these days, in light of alleged broker kick-backs and bid-rigging uncovered by New York&#39;s attorney general.
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There was a twist in Oracle&#39;s hostile takeover bid for PeopleSoft earlier this week when a PeopleSoft director testified in court that he would be open to discussions about a merger.
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The S.E.C.'s proposal has had the unusual effect of unifying market participants who had previously been vehemently pitted against each other.
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Anglian Water-owner AWG says it has received an approach which may lead to a bid for the company.
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A Christian ministry that helps its members pay one anotherâs medical bills won an important round in its legal battle with insurance regulators.
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The battle for Warner Chilcott moved to the next round today when the drugs group confirmed an approach that could value it at more than Â£1.
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A new trading tactic that could tip takeover battles has emerged from the hedge fund industry, sparking outrage among some investors and corporate governance experts.
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The US Senate is about to open an investigation into allegations that some of America&#39;s largest insurers and brokers have taken part in schemes to rig insurance bids and to gain inappropriate fees from customers.
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The action signaled a major snag in negotiations that had appeared to be heading toward a new contract.
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The insurance industry is one of Washington's fiercest and best-funded lobbies, so it rarely gets surprised. But last week several industry representatives privately acknowledged amazement that their most important federal benefit -- an antitrust exemption -- is in danger.
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Customers in search of cheap airfare, antiques or a stock trade can scan the Web for good deals. But when it comes time for companies to buy group insurance policies, they've largely been beholden to brokers using fax, e-mail and the telephone to track down the best bargain. Some industry analysts say an ongoing insurance bid-rigging scandal &#151; combined with rising health care costs &#151; will build demand for online bidding on insurance policies.