Latest News in Home Insurance – Oct 7, 2008
Ike winds cost insurers $550 million in Ohio damages – Houston Chronicle
7 Oct 2008 at 4:25pm
COLUMBUS, Ohio — Winds from Hurricane Ike will cost insurance companies at least $553.1 million to cover property damage and other losses in Ohio, making it the state’s most expensive natural disaster in more than three decades, a trade group said …
Commonwealth Agrees to Buy HBOS Plc’s BankWest Unit (Update2) – Bloomberg
7 Oct 2008 at 4:25pm
Oct. 8 (Bloomberg) — Commonwealth Bank of Australia , the nation’s biggest provider of mortgages, agreed to buy HBOS Plc’s Australian units for A$2.1 billion ($1.5 billion) as the troubled U.K. bank sells assets amid the global credit crisis. Buying …
Taiwan Insurance Report Q3 2008 Provides Independent Forecasts And … – Bus…
7 Oct 2008 at 4:54pm
DUBLIN, Ireland–( BUSINESS WIRE )–Research and Markets ( http://www.researchandmarkets.com/research/6d5647/taiwan_insurance_r ) has announced the addition of the “Taiwan Insurance Report Q3 2008″ report to their offering. In Q308, the key change is …
Windstorm costs insurers $550M in Ohio – MSN MoneyCentral
7 Oct 2008 at 2:16pm
COLUMBUS, Ohio (AP) – Winds from Hurricane Ike will cost insurance companies at least $553.1 million to cover property damage and other losses in Ohio, rivaling the state’s costliest natural disaster of recent decades, a trade group estimated Tuesday …
Shoemaker the ‘coach’ of a successful insurance business – Gaston Gazette
7 Oct 2008 at 3:49pm
Most people don’t think of their insurance agent as a coach, but clients stepping into Art Shoemaker’s State Farm Insurance office in Belmont might be reminded of a time they were once a part of a team. Shoemaker, who celebrates 30 years at State …
Money worries hit home; hundreds of readers seek advice – Fort Lauderdale Sun…
7 Oct 2008 at 4:18pm
Hundreds of readers, worried about the safety of their bank accounts and their sinking stocks, sought advice Tuesday from the Your Money Helpline, a joint project of the South Florida Sun Sentinel and Financial Planning Associations in Broward, Miami …
AIG CEOs Blame Each Other, Accounting for Downfall (Update1) – Bloomberg
7 Oct 2008 at 2:16pm
Oct. 7 (Bloomberg) — Three former American International Group Inc. chief executive officers deflected blame for the insurer’s $85 billion U.S. bailout, while lawmakers lambasted the leaders for taking risks that pushed it to the brink of collapse …
Medicare cracks down on home healthcare companies – Miami Herald
7 Oct 2008 at 2:31pm
Suspecting widespread fraud, Medicare has suspended payments to Miami-Dade County’s top 10 home healthcare agencies with mostly long-term patients and has ordered all local agencies to reapply to the federal health insurance program. After losing …
Lawmakers: AIG execs went to resort before bailout – Associated Press
7 Oct 2008 at 4:54pm
WASHINGTON (AP) — Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company’s meltdown said …
HBOS to sell Australian banking arm – Enfield and Haringey Independant
7 Oct 2008 at 4:54pm
Troubled bank Halifax Bank of Scotland has agreed to sell its Australian banking business for £1.2 billion in a bid to boost its balance sheet. The bank said the sale of Bank of Western Australia Ltd and St Andrew’s Australia Pty Ltd would “further …
