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As Allianz SE CEO Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster-claims, rewarded his strategy.
Alliant Insurance Services Inc. lost its bid to buy Wells Fargo & Co.s insurance business but sought to steal its rivals employees anyway, according to a lawsuit filed Thursday in Delaware.
Farmers Insurance has agreed to pay a $75,000 penalty and to refund $315,000 to more than 1,600 Minnesota drivers who were charged higher auto insurance rates solely because they were renters rather than homeowners.
Farmers Insurance has agreed to pay a $75,000 penalty and to refund $315,000 to more than 1,600 Minnesota drivers who were charged higher auto insurance rates solely because they were renters rather than homeowners.
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