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Latest News in Home Insurance - Aug 18, 2008

August 18, 2008

OneBeacon Said to Hire Lehman to Sell Auto, Home Unit (Update1) - Bloomberg

15 Aug 2008 at 1:53pm
Aug. 15 (Bloomberg) — OneBeacon Insurance Group Ltd. , the 177-year-old insurer that paid claims on the sinking of the Titanic, is seeking a buyer for its auto and home division in a sale that may raise about $500 million, according to three people …

Hurricane-Season Travel Tips - Forbes

14 Aug 2008 at 3:06pm
The prospects for hurricane season, which runs from June 1 to Nov. 30, just got worse, according to an updated forecast released by the National Oceanic and Atmospheric Administration last week. In a revision of its May outlook, the government agency …

U.S. Stock Futures Climb on Lower Oil; GM, Ford, MBIA Advance - Bloomberg

15 Aug 2008 at 5:39am
Aug. 15 (Bloomberg) — U.S. stock-index futures rose after lower commodity prices boosted the earnings outlook for consumer and transportation companies and Standard & Poor’s affirmed credit ratings on the two largest bond insurers. General Motors …

Home Owners Gain Peace of Mind, Help the Environment With Home … - Forbes

14 Aug 2008 at 8:18am
BUFFALO GROVE, Ill., Aug. 14 /PRNewswire/ — Between the rising cost of everything these days and growing concern for the environment, homeowners across the country are taking action to curb costs, cut energy consumption and reduce their …

A.M. Best Removes from Under Review Negative and Affirms the Ratings … - B…

15 Aug 2008 at 8:24am
OLDWICK, N.J.–( BUSINESS WIRE )– A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating to “ a- ” of Misr Insurance Company (Misr) (Egypt …

Stocks rise modestly as oil continues slide - MSNBC

15 Aug 2008 at 9:57am

NEW YORK - Wall Street rose modestly Friday as the price of oil extended its decline, falling below $113 a barrel and helping to offset a disappointing report on consumer sentiment. Oil fell on a growing sense that economies around the world are …

Wall Street rises modestly as oil prices decline; credit concerns … - Newsday

15 Aug 2008 at 10:40am
NEW YORK (AP) _ Wall Street rose modestly Friday as the price of oil extended its decline, falling to the $111 a barrel level and helping to offset a disappointing report on consumer sentiment. Oil fell on a growing sense that economies around the …

It’s Never Too Early to Buy a Long Term Care Health Insurance! - Best Syndica…

15 Aug 2008 at 2:00pm

Most people delay buying a long term care health insurance because they think that it is too early to buy this insurance or they think they may never want a long term care health insurance. But unfortunately it is seen that many people at their post …

Democrats open to more offshore drilling - Miami Herald

16 Aug 2008 at 8:23am
WASHINGTON — Democrats’ stance against offshore drilling shifted more on Saturday, with House Speaker Nancy Pelosi signaling she was willing to consider opening up more areas off the nation’s coastlines to oil and gas exploration. In her party’s …

Where Wildfires Burn, Insurers Get Cold Feet - Wall Street Journal

14 Aug 2008 at 1:19pm
Homeowners in Western states already grappling with the season’s wildfires are in the midst of another sort of battle, this time with insurers. Companies are imposing tougher fire-safety requirements, including inspecting properties for hazards and …

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