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Archive for February, 2009

Ahead of the Bell: AIG reportedly could be split

By ⋅ February 28, 2009 ⋅ Post a comment

(Forbes) - Beleaguered insurer American International Group Inc. could be split into three separate government-controlled divisions in an effort to save the business, according to a report by the Financial Times.
AIG (nyse: AIG - news - people ) [...]

Rising costs prompting small businesses to drop health insurance benefits

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(Chicago Tribune) - David Borris, owner of Hel’s Kitchen Catering in Northbrook, has seen the cost of his company’s health insurance premiums double to $457 a month per employee since 2002. And forget about offering family coverage: Borris provides individual insurance for 13 of his 25 full-time employees.
“It’s fundamentally unfair for me not to provide [...]

European stocks higher on banks insurance scheme

By ⋅ February 28, 2009 ⋅ Post a comment

(AP) — European markets rose Thursday as investors welcomed a British program to allow struggling banks to access government insurance against future losses on toxic assets.
By noon in mainland Europe, Britain’s FTSE 100 jumped 1 percent to 3,887.03, Germany’s DAX gained 0.7 percent to 3,873.37, and France’s CAC 40 grew 0.5 percent to 2,709.68.
Financial stocks [...]

Medibank to Assist Stranded Travelers

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Medibank Private has announced it will cover any travel insurance members caught up in the rebellion in Thailand for the costs of their forced extended stay.
Melbourne, VIC (PRWEB) February 27, 2009 — Medibank Private, a leading Australian heath & travel insurance provider has announced it will assist any travel insurance members caught up in the [...]

NRMA Research Shows Queensland’s Generation X All Talk When Driving

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More than half of Generation X drivers admit to using their mobiles while driving, new research from NRMA Insurance Queensland has revealed.
Brisbane, QLD (PRWEB) February 27, 2009 — New research from car insurance provider NRMA Insurance has revealed Generation X likes to chat the most on mobile phones while at the wheel.
More than half (52 [...]

Medibank Announces Assistance Plan For Bushfire Victims

By ⋅ February 28, 2009 ⋅ Post a comment

The devastation caused by the Victorian bushfires this week has affected many Australians. Many employees have expressed desire to assist and want to know what Medibank is doing to help affected people.
Melbourne, VIC (PRWEB) February 27, 2009 — The devastation caused by the Victorian bushfires this week has affected many Australians. Many employees have expressed [...]

RBS May Not Avoid Full Nationalization With Insurance

By ⋅ February 27, 2009 ⋅ Post a comment

(Bloomberg) — Royal Bank of Scotland Group Plc’s effort to put about 200 billion pounds ($288 billion) of toxic assets into a government insurance program may not prevent it from being fully nationalized as the U.K. economy deteriorates.
RBS, the first U.K. lender to take part in the asset protection plan, aims to disclose the terms [...]

AIG Will Have to Sell Big Insurance Units

By ⋅ February 27, 2009 ⋅ Post a comment

(The Street) - American International Group(AIG Quote - Cramer on AIG - Stock Picks), the insurer that received $173 billion in taxpayer money to avoid bankruptcy, will probably be forced to sell its main insurance units as interest payments balloon to half a billion dollars a month and investment losses skyrocket.
AIG, the largest U.S insurance [...]

Insurance coverage for autism treatments sought

By ⋅ February 27, 2009 ⋅ Post a comment

(LA Times) - Patient advocates called on state regulators Tuesday to force health insurers to cover certain autism treatments.
Consumer Watchdog in Santa Monica sent a letter to Cindy Ehnes, executive director of the state Department of Managed Health Care, and her boss, Gov. Arnold Schwarzenegger, expressing concern about delays in resolving coverage complaints from parents [...]

Burgess Says Increased Lending Irresponsible Unless Free PPI Alongside Loans

By ⋅ February 27, 2009 ⋅ Post a comment

Payment Protection Insurance specialist Sara-Ann Burgess is lambasting the Government for urging lenders to increase their level of mortgage funding. She calls Minsters actions irresponsible and inappropriate during these recession-hit times and says more lending will only encourage greater numbers of people to sink deeper into debt.
Braintree, Essex (PRWEB) February 26, 2009 — Payment [...]

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