Truly a penny stock, Reliance is delisted
Article Abstract:
The New York Stock Exchange has delisted Reliance Group Holdings, parent of Reliance Insurance Co. (Pennsylvania, PA). The insurer defaulted on $400 million in payments to its lenders and investors in November 2000.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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Pa. will close, not reorganize, Phila. insurer
Article Abstract:
Reliance Insurance Co. forced into bankruptcy. The author examines the Pennsylvania Insurance Department's efforts to reorganize the company, the financial conditions and the forced closure of the business.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2001
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Banks on an insurer buying binge
Article Abstract:
The article discusses the trend of Pennsylvania and New Jersey banks selling business insurance in order to boost profit margins. First Union Corp., Summit Bancorp., and others are mentioned.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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