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Latest News in Home Insurance - Sep 8, 2008

September 8, 2008

Investors Lost $1.4 Billion in General Re, AIG Fraud, U.S. Says - Bloomberg

5 Sep 2008 at 9:42pm
Sept. 6 (Bloomberg) — A fraud that led to the convictions of five insurance executives cost American International Group Inc. shareholders as much as $1.4 billion, U.S. prosecutors said yesterday in a court filing. Four former General Reinsurance …

Fed Sets Limits on ICBC Loans to China Fund-Owned Companies - Bloomberg

4 Sep 2008 at 10:31am
Sept. 4 (Bloomberg) — The Federal Reserve told China’s sovereign wealth fund it cannot subsidize loans for its companies through the New York branch being opened by government-controlled Industrial & Commercial Bank of China Ltd. Companies …

How to avoid tricks of the financial trade - The Independent

5 Sep 2008 at 10:04pm
To get the best bank and insurance deals, you need to be let in on a few secrets, says Kate Hughes Between them, the main credit-card providers use between 10 and 12 different methods of calculating interest. So, for starters, there is no level …

Mobile claim units to set up - The Daily Advertiser

4 Sep 2008 at 12:36am
As Lousiana residents are coming back home to restore their lives, the Louisiana Department of Insurance is working to bring local insurance mobile claims units to parishes affected by Hurricane Gustav. The goal, according to department officials, is …

Stocks extend big losses, Dow off 300-plus - MSNBC

4 Sep 2008 at 12:25pm
NEW YORK - Wall Street dove sharply lower Thursday, sending the Dow Jones industrials down over 300 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors’ hopes for a late-year …

Government may soon back troubled mortgage giants - Associated Press

5 Sep 2008 at 6:58pm
WASHINGTON (AP) — The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of …

Need to file an insurance claim? - Daily Comet

2 Sep 2008 at 5:57pm
Whether you have a few shingles missing from your roof or a tree in your living room, you’ll likely need to file an insurance claim when you return home. No matter how extensive the damage, there are steps you can take to help your insurance company …

Video: Soccer Star Mia Hamm and Guardian Team Up for Open Enrollment … - F…

4 Sep 2008 at 5:37am
NEW YORK, Sept. 4 /PRNewswire/ — The Guardian Life Insurance Company of America (Guardian), a leading provider of employee benefits for small to mid-sized companies, announced today that it has partnered with soccer super-star and Olympic gold …

Fidelity National Financial, Inc. to Present at 2008 Lehman Brothers … - F…

4 Sep 2008 at 6:41am
JACKSONVILLE, Fla., Sept. 4 /PRNewswire-FirstCall/ — Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance, specialty insurance, claims management services and information services, today announced that it will be …

Report: Gov’t may soon back Fannie, Freddie - Associated Press

5 Sep 2008 at 3:01pm
WASHINGTON (AP) — Shares of mortgage finance companies Fannie Mae and Freddie Mac tumbled in after-hours trading Friday following a report by The Wall Street Journal that the government may soon step in to provide a financial boost to the two …

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