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Latest News in Home Insurance - Feb 15, 2008

February 15, 2008

State Farm cancels LI policies
Newsday - After 19 years as a customer of State Farm, Walter Buhner of Wading River received a letter from the insurer in mid-December saying it would not renew his home insurance policy “due to the unacceptably high risk of damage to your property from a …

Coalition opposes Blues expansion
Detroit News - … Blue Shield to expand its for-profit insurance business are flying under the public’s radar and if passed, could drive out competition and lead to higher rates for such coverage as home and auto. The Coalition For a Fair & Competitive Insurance …

MBIA, Ambac Rescue May Be Set Before Downgrades, Dinallo Says
Bloomberg - Feb. 15 (Bloomberg) — A rescue plan for troubled bond insurers MBIA Inc. and Ambac Financial Group Inc. may be in place before they lose their top AAA ratings, New York Insurance Department Superintendent Eric Dinallo said. Regulators are trying to …

Buffett’s Berkshire Becomes Largest Shareholder in Kraft Foods

Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology … The company increased holdings in Wells Fargo & Co., the nation’s second-largest home lender, by 3.4 percent since Sept …

Lanus defeats Danubio 3-1 in Group 2
FOXSports.com - Lautaro Acosta scored the go-ahead goal for Lanus in the 58th off a crisp centering pass from Jose Sand, who booted home an insurance goal in the 87th. “We are on a good road and must keep it up,” Sand said. Group 2 play continues next Thursday when …

‘Split tax benefit on new health scheme’
Times of India - This section covers all other investment options like the payments on mutual funds, life insurance premium, repayment of prinicpal amount of a home loan, national savings certificate and even public provident fund. Adding one more component in …

Chattanooga home prices among lowest in the South
Chattanooga Times Free Press - Realtor William Weathers, owner of Re/Max Properties? Shallowford Road office, said cheaper land, insurance and labor here helps keep home prices down and is beginning to attract many home buyers from large and more expensive coastal cities. …

ING Canada will end up on the auction block
Globe and Mail - Home � National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast … As the Canadian property and casualty insurance market consolidates, look for publicly-trading ING Canada to be prey, not the …

Federal Home Loan Bank of San Francisco Reports Annual and Quarterly …
Forbes - The Federal Home Loan Bank of San Francisco today announced that 2007 net income rose $110 million, or 20%, to $652 … its shareholders and customers–are commercial banks, credit unions, savings institutions, thrift and loans, and insurance …

Flood-risk homes ‘may be uninsurable’
Guardian Unlimited - The Association of British Insurers (ABI) said a third of the 3m homes set to be built by 2020 could be on a floodplain, and warned its members may not continue to offer flood cover as standard on home insurance policies. Speaking at the Architects …

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