Ally insists it still plans to sell "discontinued op" Provident Insurance

Provident Insurance’s US owner Ally Financial has told Post it still plans to sell the business despite revealing in its 2010 accounts last week that the business was now classed as a “discontinued operation as of 12/31/2010”.

Ally, then known as GMAC Financial Services, placed the business on the market 12 months ago after a comprehensive review of its insurance operations.

However, despite entering into talks with French

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As celebrities condemn insurers after the most destructive wildfire event in Los Angeles County history, Emma Ann Hughes outlines what the industry must do to address the financial and reputational impact of the blaze.

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