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Wednesday 13 May 2009

Health Care, a Lesson in Pain

Health Care, a Lesson in Pain
New York Times - United States
Providing health insurance to the roughly 50 million people without it will cost something like $120 billion a year. President Obama has proposed $60 ...
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Bill Banning Gender Pricing in Health Insurance Advances in Sacramento
KPBS - San Diego,CA,USA
Insurance companies warn the measure could drive up costs for everyone. Group health insurance plans aren't allowed to charge women more than men. ...
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Health Care Reform Outlook Clear? Don't Count on It
Washington Post - United States
He is talking more about cutting costs for everyone who has insurance as he is about expanding access to those without. Obama also has avoided demonizing ...
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Senate Panel Debates Cap On Tax Exclusion For Health Care
Wall Street Journal - USA
By Patrick Yoest Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The issue of whether and how to tax health insurance benefits drew a strong reaction Tuesday ...
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Insurance Insiders See Downgrades Coming For Life Insurers
Wall Street Journal - USA
"Ratings agencies are under pressure because of how they rated in the past, to pay more attention to what is going on," said Ernie Csiszar, insurance ...
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State Insurance Regulators Say Health Care Reform Must Address Costs
Insurance Journal - San Diego,CA,USA
Testifying on behalf of the National Association of Insurance Commissioners (NAIC), Kansas Insurance Commissioner Sandy Praeger stressed that any health ...
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msnbc.com
Five single-payer protestors arrested
msnbc.com - USA
"We're tired of private insurance." Within a minute or so, a police officer escorted the protester out of the room and arrested them in the hallway. ...
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Michigan''s Top Court to Rule on Credit-Based Insurance Scoring
Insurance News Net (press release) - Harrisburg,PA,USA
The Michigan Supreme Court will determine whether the state may ban the use of credit-based insurance scoring in underwriting, addressing a four-year-old ...
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Reuters
Senate eyes tax change to pay for health insurance
Reuters - USA
By Donna Smith WASHINGTON (Reuters) - Experts urged Congress on Tuesday to cut tax breaks for employer-sponsored health insurance as a way to help pay to ...
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Obama: Healthy Employees, Healthy Profits
ABC News - USA
The million dollar ads on behalf of the pharmaceutical companies, insurance companies are already here to scare people off a European system Their biggest ...
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Monday 4 May 2009

Buffett says life insurers took "crazy" bets

Buffett says life insurers took "crazy" bets
Reuters - USA
Insurance makes up about half of Berkshire's operations, including auto insurer Geico, property-catastrophe units and a bond insurer formed a little over a ...
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Buffett says pricing limits bond insurance biz
Reuters - USA
OMAHA, Neb., May 3 (Reuters) - Berkshire Hathaway Chairman Warren Buffett says the company's young bond insurance unit has not been writing much new ...
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Poll shows support for public health insurance
Chicago Tribune - United States
AP DES MOINES, Iowa - More than half of Iowans support a public health insurance plan, and almost half of the state's residents who aren't already insured ...
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Union appeals to banks and insurance firms to stop job cuts
guardian.co.uk - UK
White-collar workers have been among the hardest hit by the economic downturn as hobbled banks and insurance firms take drastic action to restore profits. ...
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Insurance still pillar of Berkshire empire: Buffett
Washington Post - United States
Insurance, along with utilities, another big business for Berkshire, are sectors "relatively unaffected by the recession," he said. ...
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Hindu Business Line
Life insurance cos witness rise in renewal premiums in 2008-09
Hindu Business Line - Chennai,India
Mumbai, May 3 Even though investors were wary of buying new life insurance policies in the just ended fiscal, they did ensure that they did not let their ...
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US bank failures total 31
The Australian - Sydney,Australia
The Federal Deposit Insurance Corporation estimated the Atlanta bank's failure would cost its deposit insurance fund $US1.3 billion ($1.77 billion). ...
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Albany Times Union
Wonder if truck driver took that extra rental insurance
Albany Times Union - Albany,NY,USA
Police say a fleeing motorist in a rental truck left a trail of sparks as he tried to get away from police during an 11-minute chase that stretched through ...
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Local bank buys Wasatch deposits
Logan Herald Journal - UT,USA
Called the "least costly" resolution for the Federal Deposit Insurance Corporation when compared to alternatives, the Cache Valley Bank has assumed deposits ...
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Majority of Iowans want public health insurance plan
DesMoinesRegister.com - Des Moines,IA,USA
More than half of Iowa adults want the federal government to offer a public health insurance plan as an alternative to private coverage, even though most ...
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Sunday 3 May 2009

Three More Banks Closed, Including Largest Failure to Date

Three More Banks Closed, Including Largest Failure to Date
Seeking Alpha - New York,NY,USA
Silverton Bank of Atlanta had $4.1 billion of assets and $3.3 billion worth of deposits, all within the FDIC's insurance limits. ...
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Banks in Georgia, NJ, Utah shut by regulators
The Associated Press
The federal Office of the Comptroller of the Currency closed Silverton Bank, based in Atlanta, and appointed the Federal Deposit Insurance Corp. as receiver ...
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Buffett offers preview of 1Q Berkshire earnings
The Associated Press
Buffett said that in the first quarter, Berkshire's utility and insurance businesses performed fairly well during the quarter. ...
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Buffett Calls Investment Candidates' 2008 Performance Subpar
Bloomberg - USA
Tony Nicely, the head of Berkshire's Geico Corp. car insurance business, and Ajit Jain, who runs a unit that sells reinsurance, are also on media lists of ...
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Buffett Provides Some Berkshire Results at Annual Meeting
Wall Street Journal - USA
Mr. Buffett said Saturday that most of Berkshire's businesses outside of insurance and the regulated utility industry suffered during the first quarter. ...
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Obama and his health insurance plans save 30%
Fergus Falls Daily Journal - Fergus Falls,MN,USA
The public health insurance option is essential, but insurance companies are fighting it hard — and some Democrats are starting to waver. ...
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Buffett: "Impossible" to Replace Ajit Jain As Insurance Chief
CNBC - Englewood Cliffs,USA
Warren Buffett told shareholders today that "it would be impossible" to replace Ajit Jain as the chief of Berkshire Hathaway's insurance operations. ...
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Lawmakers vote to deregulate some Fla. insurance
MiamiHerald.com - Miami,FL,USA
Florida home and business owners would be able to pay however much they'd like to buy insurance to protect their property under a bill that has moved ...
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Shares of Aon slide on 1st-quarter report
Forbes - NY,USA
AP , 05.01.09, 11:38 AM EDT Shares of Aon Corp. slid Friday after the insurance broker's first-quarter profit fell far short of Wall Street expectations, ...
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Aon Corp. shares tumble as earnings miss expectations
Chicago Tribune - United States
Shares of Aon Corp. tumbled more than 13 percent Friday after the Chicago-based insurance brokerage reported earnings that came up short of Wall Street ...
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