News

BOSTON - A recent report released by Celent Communications, entitled Web-Enabling Small Business Insurance Policy Origination, looks at the potential for selling small business insurance online and six of the new companies that are enabling the market. According to the report, with average annual insurance spending of $2,000 each, upper...

ATLANTA - ING Group has spent $791 million to acquire a majority interest of Seguros Comercial America from Savia SA de CV. ING now has an 87% stake in Seguros Commercial, which has a distribution network of more than 8,000 agents and in sales, has an 8% share of Mexico's...

FLINT, Mich. - Security Federal Credit Union has taken the concept of healthy body, healthy mind to a new level. The $209 million credit union has invested in its employees' health by adopting a new weight management program. Approximately 37 individuals participated in the 10-week program delivered by McLaren Regional...

WEST PALM BEACH, Fla. - Animal lovers, the insurance companies are taking pet concerns seriously and now pet insurance is on the rise. It seems it was just a matter of time. According to an American Animal Hospital Association survey, over 60% of households have either a dog or cat...

WASHINGTON - The Mortgage Bankers Association has urged the Senate to approve legislation that will restart the Federal Housing Administration's multifamily mortgage insurance program. According to the MBA, the program would encourage the development of more that 50,000 rental units in 33 states and the District of Columbia. The Senate...

NEW HAVEN, Conn. - St. Raphael Healthcare CU, the tenth largest state-chartered credit union in Connecticut as of Dec. 31, 2000, was approved by the Office of the Banking Commissioner to amend its bylaws and expand its field of membership to consist of all persons who live or work in...

ARVADA, Colo. - The Colorado Financial Services Board will hold a public hearing on July 13 to consider the application from Colorado Central Credit Union, Arvada, to expand its field-of-membership to include a geographic community. Colorado Central, the 17th largest state-chartered CU in the state, has almost 20,000 members. It...

Jim Mills, president/CEO of Three Rivers FCU, Fort Wayne, Indiana, will officially open his first NAFCU Annual Conference and Exhibition as chairman here in Orlando. Mills took over for outgoing chair Ron Keeler, retired president/CEO of Lockheed FCU, at the close of last year's Annual Conference and Exhibition in Hawaii.