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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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Sunday, 26 April 2009

Oregon Health Plan fosters insurance research

Oregon Health Plan fosters insurance research
The Oregonian - OregonLive.com - Portland,OR,USA
A lottery system created to decide who receives insurance through the Oregon Health Plan is offering researchers a rare chance to study the benefits of ...
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Second man arrested in homicide, insurance fraud case
Baltimore Sun - United States
Kevin Jerome Pushia, 32, a Baltimore pastor, is accused of befriending Wallace, then taking out a life insurance policy on him before using $50000 in church ...
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Cruise control: From insurance to packing tips
Seattle Times - United States
By Arline and Sam Bleecker Insurance: Trip cancellation and travel insurance is a small price to pay if you must cancel a cruise because of a crisis, ...
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Homeowner insurance: House OKs plan that would increase almost all ...
Sun-Sentinel.com - Fort Lauderdale,FL,USA
The broad bill would, among other things, increase individual Citizens Property Insurance policyholder premiums by up to 20 percent annually. ...
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Pro/con: Medicare-based plan would be responsible health-care reform
Duluth News Tribune - Duluth,MN,USA
Yet, many are pressuring President Obama to go back on his campaign pledge to offer a government-sponsored, low-cost insurance option in favor of a series ...
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Preacher Charged With Killing Blind Man
ABC2 News - Baltimore,MD,USA
Police now believe a pastor who offered Wallace assistance ordered a hit on him to collect on several insurance policies. "We believe there were at least ...
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ND House rejects child health insurance expansion
Grand Forks Herald - Grand Forks,ND,USA
The North Dakota House has defeated a proposed expansion of state child health insurance coverage for low-income parents, saying it would force taxpayers to ...
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The Sales Profession: Attention Must Still Be Paid
New York Times - United States
Many years later, an insurance broker came to call on my wife about disability insurance. I scoffed at him and told him how incredibly unlikely it was that ...
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AM Best Downgrades Ratings of CAMICO Mutual Insurance
Insurance Journal - San Diego,CA,USA
AM Best Co. has downgraded the financial strength rating of CAMICO Mutual Insurance Co. (CAMICO) based in Redwood City, Calif., to B++ (Good) from A- ...
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Greenhill hires UBS insurance banking head
Reuters - USA
VX) to head its insurance advisory practice, its second senior addition in financial services. Przygoda, 41, has been the head of the global insurance ...
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Bad year for banks: Failures surpass 2008

Bad year for banks: Failures surpass 2008
CNNMoney.com - USA
The failure of the Ketchum, Idaho-based bank, along with banks based in Georgia, Michigan and California, will cost the Federal Deposit Insurance ...
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Regulators Shut Banks in Georgia, Michigan, California, Idaho
Bloomberg - USA
The Federal Deposit Insurance Corp. was named receiver of all four. The seizures will cost the FDIC's insurance fund a total of $698.4 million, ...
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Public sector staff still await medical insurance
Saudi Gazette - Riyadh,Saudi Arabia
With a year and several months gone by since then, statements from health insurance workers suggest that the time is still not right as the infrastructure ...
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Bad year for banks: Failures blow past 2008
CNNMoney.com - USA
based bank was shuttered by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corporation was named the receiver. ...
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House passes property insurance bill
MiamiHerald.com - Miami,FL,USA
The Florida House has passed a bill that would increase insurance rates for more than 1 million property insurance policyholders. The bill (HB 1495) limits ...
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City police arrest pastor in insurance slaying
Baltimore Sun - United States
Pushia told police he convinced Wallace and "numerous" other mentally challenged individuals to list him as a beneficiary on life insurance policies. ...
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American Southern Bank in Georgia Shut; 26th US Bank Failure
Bloomberg - USA
The Federal Deposit Insurance Corp. arranged to have Bank of North Georgia in Alpharetta assume deposits, except those of brokers, the FDIC said in a ...
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BusinessWeek
Managing Growth at a Pet-Insurance Business
BusinessWeek - USA
The ensuing $5000 vet bill forced the couple to move to a smaller apartment and prompted them to look for pet insurance. Their search did not prove fruitful ...
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Insurance Does Not Equal Health Care: Specious Arguments by 'Free ...
Huffington Post - New York,NY,USA
So, with concerted opposition by the insurance lobby and Republicans, as well as heavy lobbying against the Colorado Guaranteed Health Care Act by ...
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Florida Property Insurance: An Overview by Commissioner McCarty
Insurance Journal - San Diego,CA,USA
By Kevin McCarty It is always interesting, and frequently amusing, to read various "research" pieces on the Florida property insurance market. ...
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Friday, 24 April 2009

House approves key insurance measure

House approves key insurance measure
MiamiHerald.com - Miami,FL,USA
A hurricane insurance proposal to help the state reduce its multibillion-dollar exposure in Florida's risky insurance market is heading to a final House ...
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Insurers Argue Proposed Crop Insurance Cuts Are Too Deep
CNNMoney.com - USA
CHICAGO -(Dow Jones)- A proposal to cut government payments to the private insurers that administer the US crop insurance program could cause some insurers ...
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Willis buys First Financial Insurance Agency
Bizjournals.com - Charlotte,NC,USA
Mark Willis, owner of Knight Willis LLC, has acquired First Financial Insurance Agency from First Financial Bancorp. Terms of the deal weren't disclosed. ...
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US Plans Test Sales of Distressed Assets, Bair Says
Bloomberg - USA
... Investment Program within the next two months using at least $1 billion of distressed loans in a pilot sale, Federal Deposit Insurance Corp. ...
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AmerisourceBergen CEO: Expanding Insurance Good For Company
Wall Street Journal - USA
... health-care policies, especially measures to expand coverage to those with no medical insurance, should be a positive thing for AmerisourceBergen Corp. ...
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Troubled Insurance Industry Is Making Changes to Confront Critical ...
Emediawire (press release) - Ferndale,WA,USA
The insurance industry is in turmoil in the wake of the deepest financial crisis and recession in two generations, and insurers are seeking to survive by ...
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Bill May Shift Health Insurance Costs At Colleges
CBS 4 - Miami,FL,USA
The new bill would also set guidelines for schools requiring students to have health insurance. Currently, only Florida State University has this ...
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China Life 1Q Net +55% On Higher Investment Income
Wall Street Journal - USA
China Life, which has a roughly 40% share of China's life insurance market, said its first-quarter premiums increased 1.8% to CNY104 billion from CNY102.15 ...
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Environmental Insurance Job Outlook is Strong
Wall Street Journal - USA
The climate for jobs in environmental insurance is heating up. On April 14, Philadelphia Insurance Companies became the latest carrier to start offering ...
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Bankinter Plans Capital Hike For Insurance Buy
Wall Street Journal - USA
MC) intends to raise new capital to finance the purchase of the remainder of its Linea Directa insurance business, Chairman Pedro Guerrero said Thursday. ...
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Thursday, 23 April 2009

European Parliament Backs New Rules For Insurance Sector

European Parliament Backs New Rules For Insurance Sector
Wall Street Journal - USA
BRUSSELS (Dow Jones)--Backing from the European Parliament Wednesday for an overhaul of the European insurance industry paves the way for the new Solvency ...
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Insurance for the underwater house
San Francisco Chronicle - CA, USA
But if you could get insurance for your underwater house, you might be able to stem the losses. That's what Andrey Pavlov is pitching, anyway. ...
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Affordable Health Insurance for Young Adults
U.S. News & World Report - Washington,DC,USA
We offer healthcare coverage advice for 8 different situations By Megan Johnson Health insurance, if you're young, cash strapped, and healthy, ...
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TARP the Life Insurers? This Is Nuts
ParamusPost.com - Paramus,NJ,USA
According to a bunch of front-page news stories, life-insurance companies are about to get TARPed. This is nuts. The public is clamoring for an end to TARP ...
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Iowa House Approves Narrower Health Insurance Bill
Kaiser network.org - Washington,DC,USA
The Iowa House voted 92-3 on Monday to approve a narrower version of health insurance legislation that would establish a panel to make recommendations to ...
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AM Best: To Comment On AIG Plans For Property/Casualty Ops
Wall Street Journal - USA
By Lavonne Kuykendall Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)--Insurance company rating agency AM Best Co. said it plans to weigh in later Tuesday on ...
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A Quick Guide to Health Insurance Lingo
U.S. News & World Report - Washington,DC,USA
By Megan Johnson Health insurance has its own language. You might want to print out these terms and definitions, adapted from a guide published by the ...
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EP Approves New Regulations on Insurance Companies
CRIENGLISH.com - Beijing,China
The European Parliament approved on Wednesday a proposed Directive aimed at lowering cost in monitoring multinational insurance companies. ...
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'Solvency II': European Parliament approval of proposed Directive ...
7thSpace Interactive (press release) - New York,NY,USA
The European Commission has welcomed the European Parliament's approval of the proposed Directive on the taking-up and pursuit of the business of Insurance ...
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Three arrested for insurance fraud
Bizjournals.com - Charlotte,NC,USA
Three South Floridians who allegedly ran an identity theft ring are under arrest, charged with filing fraudulent insurance claims, according to a news ...
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