(BBC NEWS) – It would allow banks who pay a fee to have their bad loans underwritten by the taxpayer up to a certain level. BBC business editor Robert Peston says the move is designed to avert a further loss of confidence ahead of gloomy results expected from the big banks. Treasury officials and bank […]
(AIG Commercial Insurance) – AIG Commercial Insurance will service all casualty insurance coverage for the public sector through its Lexington Insurance Co., the insurer announced. Specifically, effective as of Jan. 1, 2009, Lexington’s Casualty Division will manage the public entity commercial umbrella and excess casualty portfolio of AIG Specialty Excess, a division of AIG Excess […]
It’s great when you are confident in safety of your money in general, and in your insurance company’s reliability in particular. Unfortunately, the credit crisis affected virtually every sphere of life, and in times of the financial turmoil, like it is going now, many began worrying about its consequences for insurance and wonder to what […]
(InjuryBoard) – North Carolina law requires every motor vehicle to be insured by a liability insurance policy. Private passenger automobiles are required to have liability insurance limits of no less than $30,000.00 per person and $60,000.00 per accident. Such a policy would only provide a maximum coverage of $30,000.00 per person and a maximum of […]
Employees donate time and money to help people in need (BUSINESS WIRE) – Zurich in North America, a leading property and casualty insurance provider and its U.S. subsidiary Farmers Insurance Group are making this holiday season brighter for people who need a helping hand. Employees from both companies are volunteering their time across the country […]
The insurance giant is selling its HSB subsidiary for $742 million to Munich Re in its third unit sale this month. NEW YORK (CNNMoney.com) – As part of its plan to pay back a massive government bailout, American International Group Inc. is selling assets, with its most recent sale on Monday. New York-based AIG (AIG, […]
(PRWEB) – Auto insurance rates continue to rise, adding pressure to cash-strapped consumers. Some drivers are letting their car insurance policies lapse, by either not renewing on time or failing to pay their bills, according to Insurance.com. In light of this worrisome trend, the company is urging drivers to explore payment options with their carriers—rather […]
(EmaxHealth) – As employees speak out in regard to health insurance programs NC survey shows that less costly and more affordable health insurance programs are the most popular with employees. Workers are slow to adopt most popular programs; financial incentives motivate behavior changes. In today’s stressful economic environment, starting a workplace wellness program may be […]
(Sacramento Business Journal) – Federal Deposit Insurance Corp.’s board of directors on Tuesday approved an increase in deposit insurance by 7 cents for every $100 in deposits. The increase will be charged annually. The increase of 7 basis points will take effect Jan. 1. Banks now pay between 5 and 43 basis points for FDIC […]
(PRNewswire-FirstCall) – Car insurance premiums can add substantially to the annual cost of operating your auto. Insure.com has calculated the average national premiums to insure the nation’s 20 best-selling vehicles. Average insurance premiums for the top 20 selling vehicles in the U.S. Vehicle Average annual premium 2009 Honda Odyssey $1,216 2009 Honda […]