Latest News in Home Insurance – Oct 27, 2008
Panic’ in U.S. Futures Rattles Investors Worldwide (Update2) – Bloomberg
27 Oct 2008 at 7:12am
Oct. 27 (Bloomberg) — U.S. stock-index futures are becoming less reliable as predictors of market moves. With equity investors around the world contending with the worst drop since the Great Depression, futures on the Standard & Poor’s 500 Index …
A.M. Best Special Report: Benefits, Pitfalls Mark Health Plans Of … – Busi…
27 Oct 2008 at 7:05am
OLDWICK, N.J.–( BUSINESS WIRE )–The healthcare plans of both major presidential candidates contain proposals that, if implemented, might reshape the insurance industry. Sen. John McCain, R-Arizona, centers his approach on reforming the tax code and …
Parents press states for autism insurance laws – MSNBC
20 Oct 2008 at 10:33am
CHICAGO – In Washington state, Reza and Arzu Forough pay more than $1,000 a week for behavior therapy for their 12-year-old autistic son. In Indiana, Sean and Michele Trivedi get the same type of therapy for their 11-year-old daughter. But they pay …
A.M. Best Special Report: Treasury Department, Regulators Respond to … – B…
27 Oct 2008 at 6:57am
OLDWICK, N.J.–( BUSINESS WIRE )–The Treasury Department and banking regulators unveiled several initiatives to unlock frozen credit markets and help restore confidence in the nation ’ s banking system amid a growing global financial crisis. The …
Crisis could trigger big public transit payments – Associated Press
27 Oct 2008 at 5:39am
WASHINGTON (AP) — Transit agencies around the country may have to come up with billions of dollars to repay investors as long-term financing deals disintegrate, a result of the global credit crisis that could eventually affect millions of commuters …
Treasury begins to deploy financial rescue plan – Associated Press
27 Oct 2008 at 6:43am
WASHINGTON (AP) — The government will begin doling out $125 billion to nine major banks this week as part of its effort to contain a growing financial crisis, a top Treasury official said Monday. Assistant Treasury Secretary David Nason said the …
US insurer debt protection costs fall on aid hopes – Reuters
27 Oct 2008 at 7:19am
NEW YORK, Oct 27 (Reuters) – The cost of insuring debt issued by U.S. insurers against potential default fell sharply Monday on hopes the government will extend its rescue plan for banks to the insurance sector. But while the debt market, via credit …
Financial crisis spawns more pink slips – MSNBC
27 Oct 2008 at 4:27am
For Jack Needles, life was just getting back on track. Laid off in 2002 from a large insurance firm, Needles spent four of the last six years working his way up from a customer service position back to the type of business analyst job he was trained …
BC-Bailout-Bonanza – AP – Guardian Unlimited
27 Oct 2008 at 6:29am
BC-Bailout-Bonanza Wide array of U.S. companies start competing for bailout money %byline(By Martin Crutsinger, THE ASSOCIATED PRESS%) WASHINGTON – The bailout is now the hottest lobbying game in town. Insurers, automakers and American subsidiaries …
Lawrence Scoffield to expand following buyout – yorkshirepost
27 Oct 2008 at 1:21am
A YORKSHIRE-based firm which provides clients with a pension fund that conforms to sharia law said it expects to increase its turnover five-fold over the next five years. Leeds-based financial planning and insurance business Lawrence Scoffield has …
