Latest News in Home Insurance – Dec 08, 2008
India Joins The Rate Cut procession – ABN Newswire
7 Dec 2008 at 4:53pm
Sydney, Dec 8, 2008 (ABN Newswire) – India has joined China, Australia, the UK, Europe and other major economies in stepping up the pace of interest rate cuts to try and ease the pain of the economic slowdown. But like China and Australia, India’s …
Companies Line Up for Expanded FDIC Coverage – CFO.com
7 Dec 2008 at 10:29pm
The Bank of New York Mellon said Friday that it will continue to participate in the Federal Deposit Insurance Corp.’s Temporary Liquidity Guarantee Program (TLGP), joining other companies that announced the same Thursday. The program provides 100 …
Swaps: It’s Bailout or Bankruptcy for Carmakers – CFO.com
7 Dec 2008 at 10:29pm
While executives from the Big Three automakers made their case to Congress for a government bailout last week, at least one investment banker had his eye on the price of credit-default swaps for Ford and General Motors. At last look, the car …
U.S. Automaker Survival Plans May Deepen Recession on Lost Jobs – Bloomberg
7 Dec 2008 at 10:08pm
Dec. 8 (Bloomberg) — U.S. automakers’ pledges for more payroll cuts to win federal aid may deepen the recession after they eliminated more than 100,000 jobs in the past 3 years. While the loans may spare General Motors Corp. , Ford Motor Co. and …
Risk Specialists Companies Announces First Takaful Homeowners Product … – …
1 Dec 2008 at 8:32am
Risk Specialists Companies, Inc. (RSC), a subsidiary of AIG Commercial Insurance, today announced it is introducing a Takaful Homeowners Policy, the first installment in Lexington Takaful Solutions sm , a series of Shari’ah-compliant (Takaful …
Concepta Insurance Consolidation Facility Receives DOJ Clearance – Businesswi…
1 Dec 2008 at 2:37pm
HOUSTON–( BUSINESS WIRE )–Ivy Capital Group is pleased to announce that the Department of Justice Antitrust Division has indicated it will not challenge Ivy’s formation of an insurance facility that will link businesses that require large …
State Takes Control of Medical Savings Insurance – Inside Indiana Business
1 Dec 2008 at 3:13pm
The Indiana Department of Insurance has taken control of an insurance company it says has “slowly fallen out of compliance with industry standards.” A Marion County judge has granted a request to appoint Indiana Insurance Commissioner Jim Atterholt …
The Co-operators introduces green insurance options, socially … – CNW Group
1 Dec 2008 at 5:54am
GUELPH, ON, Dec. 1 /CNW/ – Canadians want their values and priorities to be reflected in financial services and products, and The Co-operators is introducing three new offerings that do just that. Today, the organization unveiled new initiatives in …
UPDATE 1-S.Korea banks to ante up 80 pct of $7 bln bond fund – Forbes
8 Dec 2008 at 12:10am
SEOUL, Dec 8 (Reuters) – South Korean banks will contribute 8 trillion won ($5.5 billion) to a 10 trillion won fund that will be formed to stabilise the local bond market, to help ease a credit squeeze at home, an industry association said on Monday …
New companies encouraged to insure – Palm Beach Interactive
29 Nov 2008 at 4:55pm
When it comes to Florida property insurance, political realities in Tallahassee are clashing head on with traditional industry standards of fiscal responsibility. The homeowner is caught in the middle. The political reality is that elected officials …
