In the wake of a significant property loss like a fire, the last thing you’d want to do is wait in line to cash a check.
Now, Erie Insurance offers its policyholders pre-paid emergency cash cards, which can be used to purchase personal belongings such as clothing and food and pay for hotel stays after a [...]
VIST Financial Corp. announced today that the US Treasury granted preliminary approval to VIST for $25 million in capital as part of the U.S. Treasury Department’s Capital Purchase Program.
“We believe that participation in the Capital Purchase Program, which is targeted to qualifying financial institutions, is in the best interest of our shareholders,” said Robert [...]
Susquehanna Bancshares, Inc. (Susquehanna) has received preliminary approval to participate in the U.S. Treasury Department’s voluntary Capital Purchase Program.
Under the program, Susquehanna applied for and will receive $300 million in capital and in return will issue the Treasury $300 million in shares of Susquehanna preferred stock and warrants to purchase $45 million of Susquehanna [...]
Citing its financial strength, Mutual of Omaha announced that it will not participate in the in the U.S. Treasury Department’s Troubled Asset Relief Proposal (TARP) Capital Purchase Program.
“Mutual of Omaha has a strong capital position and good liquidity. We are profitable and fully able to meet our commitments to our policyholders. Therefore we elected not [...]
As U.S. financial organizations plot their course for 2009, many are waiting to see how the federal government will handle the current financial crisis under a new presidential administration. Successful organizations will be those that are not only able to adjust to a changing regulatory landscape, but ones that can also demonstrate they are embracing [...]
Insurance.com, the leading online independent auto insurance agency in the United States, announced today that Steve Peyton has joined the company as Vice President of Business Development. Steve will be responsible for developing initiatives to increase web traffic and revenue for Insurance.com, a site which allows customers to instantly compare car insurance quotes and purchase [...]
Carseek.com, the California-based automotive site, has responded to the dramatic downturn in the U.S. automotive industry with a new section entitled, “Rapid Downsizing of the U.S. Auto Market.” The material is intended to keep readers informed about the latest developments in the car market as well as to help them adapt by either holding on [...]
Principal Financial Group, Inc. announced that it has applied to participate in the U.S. Department of the Treasury’s Capital Purchase Program (TCPP), as a savings and loan holding company subject to oversight of the Office of Thrift Supervision. If The Principal participates in TCPP, the company would issue preferred shares and warrants to the Treasury. [...]
Southern Community Financial Corporation announced that it has received preliminary approval from the U.S. Treasury for the sale of $42.75 million in preferred stock and related warrants to the U.S. Treasury under the Capital Purchase Program of the Emergency Economic Stabilization Act of 2008. The preferred stock will pay a 5% dividend for the first [...]
State Automobile Mutual Insurance Company announced today that it has agreed to acquire Rockhill Insurance Group of Kansas City, Mo. Closing is expected in the first quarter of 2009, subject to approval by regulatory authorities.
Rockhill Insurance Group writes approximately $135 million in specialty property and casualty direct written premium through four insurance company subsidiaries: Rockhill [...]
