ISCS, a leading provider of P&C policy administration systems, is pleased to announce its new Web 2.0 state-of-the-art direct-to-consumer (DTC) personal auto policy quoting, purchase, and issuance product as an addition to the standard feature set of SurePower Innovation, the company’s comprehensive SOA insurance automation solution.
Property and casualty insurance companies need to automate critical business [...]

Bank of Ayudhya Public Company Limited (BAY) and American International Group, Inc. (AIG) announced an agreement under which BAY will acquire AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited. The transaction, subject to the approval of the Bank of Thailand and BAY’s shareholders, is expected to be completed in April 2009.
Under [...]

Avant Capital Partners (AVANT), a leading New York City based commercial mortgage bank that specializes in multifamily financing, closed a bridge loan of $2,853,301 for the acquisition and renovation of a 304-unit apartment complex in Dallas, TX. The loan was based upon 70% loan-to-cost and included the acquisition and renovation costs, as well as an [...]

Ameriana Bancorp, parent company for Ameriana Bank, announced that Ameriana Insurance Agency, a bank subsidiary, has completed a previously announced purchase of the book of business of the Chapin-Hayworth Insurance Agency Inc. Chapin-Hayworth is a multi-line property and casualty insurance agency located in New Castle.
Chapin-Hayworth Insurance agents Ruth Hayworth and Gail Byers and customer service [...]

Synovis Life Technologies, Inc. has entered into a definitive purchase agreement through a wholly owned subsidiary to acquire substantially all the assets of Pegasus Biologics, Inc., a privately held medical device company based in Irvine, Calif., focused on the development of advanced biological solutions for soft tissue repair. The purchase price is $12.1 million in [...]

new economic reality means consumers can no longer rely on what’s worked for them in the past. And the ever-changing life insurance marketplace means financial professionals must find even more creative solutions to their clients’ needs.
To meet those needs, Nationwide Financial Services, Inc. launched the newest version of its YourLife® suite of life insurance products [...]

The TriZetto Group, Inc. announced that Neighborhood Health Plan (NHP) and CareFirst BlueCross BlueShield (CareFirst) were the winners of the first annual Integrated Healthcare Management (IHM) Power Awards in the categories of Operational Excellence and Innovation, respectively. The awards honor innovative customers that are demonstrating tangible success in the pursuit of IHM, the systematic application [...]

With hundreds of auto dealership closures nationwide – and more poised to close this year, the Service Contract Industry Council wants to assure consumers that service contracts from these dealers are viable and consumers should feel confident purchasing them during Presidents’ Day sales and beyond
“If a consumer has a service contract from a dealership that [...]

Cunningham Lindsey announced today that it has entered into a definitive agreement to purchase GAB Robins’ international businesses (excluding its UK operations) and its U.S. forensic engineering firm, EFI Global. This acquisition will further Cunningham Lindsey’s position as a leading provider of loss adjusting and claims management services to the global insurance markets. GAB Robins’ [...]

A recent survey of New Jersey auto repair shops conducted by USA/DIRECT Inc., an independent research firm, showed there are significant differences in repair quality, speed of repairs, and customer experience when it comes to how well auto insurance companies provide claim services to policyholders.
In a blind survey, Palisades Safety and Insurance Management Corporation (”Palisades”) [...]