13 smart insurance moves for 2009
Insurers and employers will be trimming coverage in the coming year. Here’s how to avoid gaps in insurance.
Feeling Bairish? Why Sheila Bair Could Become Treasury’s First Female Chief
There's growing support from a variety of sources for President-elect Barack Obama to appoint the Federal Deposit Insurance Corporation chairwoman Sheila Bair to succeed Henry Paulson as Secretary of the Treasury. Bair, a 54-year old Republican with…(read more)
Brown & Brown, Inc. Announces the Asset Acquisition of Agency Associates, Inc.
DAYTONA BEACH, FL and TAMPA, FL–(Marketwire - November 13, 2008) - J. Scott Penny, Regional
Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Frederick
W. “Fred” McClaine, B. Michael Haffey and Ronald L. “Ron” Smith, principals
of Agency Associates, Inc., today announced the asset acquisition of Agency
Associates, Inc. and certain affiliated entities by a [...]
What portion of disability is taxable?
If the employer pays insurance premiums, disability benefits are taxable to the employee, says CPA George Saenz.
Fed, FDIC and Treasury Issue Joint Statement on Bank Practices
The Department of the Treasury, the Federal Deposit Insurance
Corporation, and the Federal Reserve issued a joint
statement highlighting recent measures taken to bolster the
financial system, making recommendations for financial institutions on
how to navigate the crisis.
Read More Now
Buffett, Ross insurers eye Dexia U.S. unit: paper (Reuters)
Reuters - The insurance businesses of billionaire investors Warren Buffett and Wilbur Ross are close to buying all or part of the U.S. bond insurance unit of Dexia , Belgian business daily De Tijd said on Tuesday.
Another Big Bank Moves to Assist Homeowners and Itself
Citigroup has joined Morgan Stanley Chase, the
Federal Deposit Insurance Corporation (FDIC,) and a few other large banks
in initiating an aggressive program to mitigate
foreclosures of single family homes.
The bank said on Monday that it is putting a
moratorium on both initiating new foreclosures and on completing
the legal process against homeowners who are currently moving toward
foreclosure.
[...]
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AIG gets $150 billion government bailout; posts huge loss (Reuters)
Reuters - The government restructured its bailout of American International Group Inc, raising the package to a record $150 billion with easier terms, after a smaller rescue plan failed to stabilize the ailing insurance giant.
Canyon Gate Medical Group Empowers Senior Citizens to Receive Southern Nevada’s Premier Healthcare at No Additional Cost
Insurance Open Enrollment Begins November 15; Seniors Can Enjoy Personalized and Comprehensive Medical Care by Ensuring Provider Covers Canyon Gate Medical Group
Craig Nordyke Named Vice President and Chief Actuary at Fort Dearborn Life Insurance Company(R)
CHICAGO, IL–(Marketwire - November 10, 2008) - Fort Dearborn Life Insurance Company announces
the appointment of Craig Nordyke as vice president and chief actuary.
Nordyke will be responsible for the planning, directing and controlling of
the actuarial operations of Fort Dearborn Life.
“With Craig’s extensive experience in actuarial and management roles, he
will be a valuable addition to our [...]
Push and pull for positive results
“So how is your company shifting, or even taking advantage of the current economy?” Amy Deveau asked the table of the Professional Insurance Marketing Association (PIMA) MarkeTTech attendees.
Fed & Treasury Revise AIG Loan Terms Under TARP
The U.S. Treasury has revised its loan agreement with U.S.
insurance company AIG, adjusting the terms of the loan to
function under the Troubled Asset Relief Program.
“These new measures establish a more durable capital structure,
resolve liquidity issues, facilitate AIG’s execution of its plan to sell
certain of its businesses in an orderly manner, promote market stability,
and protect [...]
Berkshire Hathaway profit tumbles 77 percent (Reuters)
Reuters - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N)(BRKb.N) said on Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives contracts.
Berkshire Hathaway profit falls 77 percent (Reuters)
Reuters - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said on Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives contracts.
Claims that boost your insurance rates
Certain types of claims are more likely to boost your insurance rates. Find out which may raise red flags.
Life insurance to pay off debt
When life insurance is used to pay off a loan, it’s an exception to the tax-free rule, says CPA George Saenz.
Universal Insurance Holdings, Inc. Declares a 20 Cent Year-End Dividend
FORT LAUDERDALE, FL–(Marketwire - November 6, 2008) - Universal Insurance Holdings, Inc.
(”Company”) (AMEX: UVE), a vertically integrated insurance holding company,
announced today that its board of directors declared a $0.20 year-end
dividend on its common stock, payable on December 17, 2008 to shareholders
of record on December 2, 2008.
The board of directors’ decision to declare a [...]
Live Lead Transfer Management changes for the good. Fresh Leads Unite’s outcome of partner
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Statement to the New President-Elect of the United States by Lloyd H. Dean, President/CEO, Catholic Healthcare West
SAN FRANCISCO, CA–(Marketwire - November 5, 2008) - On behalf of Catholic Healthcare West, I
congratulate President-elect Barack Obama and look forward to the new
administration’s focus on healthcare reform.
Repairing the nation’s healthcare system must become a top priority, both
for the overall well-being of the people and for our nation’s economy. The
current system is unsustainable. Right [...]
Losses May Sink GMAC’s Residential Lending Unit
General Motors Corp. (GM) had another bad day on Tuesday as its
partially owned subsidiary GMAC Financial Services
announced a major loss for the third quarter.
GMAC is co-owned by GM and Cerberus Capital Management, a private-
equity firm. While its original role was to finance the purchase of
General Motors autos, over the years it has evolved into a [...]
Life insurance to pay off debt
When life insurance is used to pay off a loan, it’s an exception to the tax-free rule, says CPA George Saenz.
Seven Biggest Mistakes Employers Make When Working With Their Workers’ Comp Insurer, According to www.reduceyourworkerscomp.com
MANSFIELD, CT–(Marketwire - November 4, 2008) - The insurance company or third-party
administrator that administers workers’ compensation claims has a huge
impact on return to work and the ultimate cost to the employer, according
to www.reduceyourworkerscomp.com.
The site lists the seven biggest mistakes employers make:
1. Not visiting the claim offices and sitting “chair-side” with an
adjuster. You [...]
Fort Dearborn Life Insurance Company(R) Recognized as Voluntary Employee Benefits Sales Growth Leader
CHICAGO, IL–(Marketwire - November 4, 2008) - Fort Dearborn Life Insurance Company (Fort
Dearborn Life) has been recognized by Eastbridge Consulting Group, Inc. as
a leader in voluntary sales growth among companies that wrote $30 million
or less in new voluntary employee benefits sales in 2007.
“We are proud to be recognized by the Eastbridge study,” said Anthony [...]
