The associations' concern is with agents being liable for shortcomings in e-signature procedures for which they are not responsible. According to Wick Simmons, CEO of Prudential Securities, his parent company will be looking for acquisitions or partners as soon as it goes public. The IPO is now scheduled for some time next year. We will probably be part, after we go public, of a consolidation someday, with somebody. We may be the consolidator, or we may be the consolidatee.
Concerns center around investor confusion, as well as the expense of maintaining dual systems.
Investors have filed several lawsuits against Conseco, alleging that management misled shareholders about the value of the company's personal loans unit, formerly Green Tree. In the wake of all this bad news, founder and CEO Stephen Hilbert and CFO Rollin Dick stepped down. According to analysts, Frontier's reserve problems may not be unique. PMS - EDS , the world's No. Generally speaking, larger insurers appear to favor a system of federal regulation, while smaller insurers would prefer to stay with the current state regulation.