Archive for the Breaking News Category
Kaiser Health News staff writer Phil Galewitz writes about the findings of a new report. "Despite the economic downturn that's busting state budgets from Sacramento to Tallahassee, 26 states this year made it easier for low-income children, parents or pregnant women to get health coverage, according to a report released Tuesday by the Kaiser Family Foundation" ... [Full Story]
12.11.2009| Breaking News | Jessen
A Bloomberg poll conducted Dec. 3-7 found, on health care, "about half of poll respondents saying they disapprove of the plans in Congress to overhaul the system. Sixty-two percent of Americans say they are mostly pessimistic they would benefit from [a health-care bill Congress may pass.] The youngest Americans are more optimistic, with 47 percent of those under 35 saying they would benefit." In addition, "Americans are almost evenly split -- 46 percent to 45 percent -- in their support for the proposed government-run health-insurance program known ... [Full Story]
12.11.2009| Breaking News | Jessen
Kaiser Health News staff writers Julie Appleby and Mary Agnes Carey write: "Hospitals, doctors and insurers lined up in opposition Tuesday to allowing people under 65 to join Medicare - an idea being debated as Senate negotiators struggle to put together the 60 votes needed to pass sprawling health care legislation" (12/9). Read entire story .This information was reprinted from kaiserhealthnews.org with kind permission from the Henry J. Kaiser Family Foundation. You can view the entire Kaiser Daily Health Policy Report, search the archives and sign ... [Full Story]
12.11.2009| Breaking News | Jessen
The U.S. unemployment rate fell to 10 percent in November, according to the U.S. Department of Labor's Bureau of Labor Statistics.The unemployment rate was 10.2 percent in October. Arkansas' unemployment rate was at 7.6 percent in October.The bureau said the economy lost just 11,000 jobs from October to November. ... [Full Story]
12.11.2009| Breaking News | Jessen
Recent flooding in Cumbria and southern Scotland could produce claims of over £100 million, the Association of British Insurers (ABI) has warned.According to reports, insurers have already received between 500 and 1,000 claims and flood warnings remain in place across many regions, with Cumbria still in danger of severe flooding and the rising waters prompting a safety review of all the county’s bridges.ABI spokeswoman Kelly Ostler-Coyle says it is still “early days” to assess the level of damage and has advised homeowners affected to call ... [Full Story]
12.9.2009| Breaking News | Jessen
Munich Re Group shows a strong interest in the Chinese market, according to Joachim Wenning, a member of the board of management of Munich Re, one of the world's largest reinsurers and Germany's second-largest primary insurer., who is responsible for the Life Division.The Asian market accounted for just around 1% of the insurance titan's global businesses several years ago, Wenning disclosed. However, the number has been stepping up to 5% to 10% by now; in particular, the Chinese market is becoming more and more important to Munich Re.In 2009, citing ... [Full Story]
12.8.2009| Breaking News | Jessen
China Strategic Holdings Ltd. (SEHK: 0235) plans to submit a revised application to Taiwanese regulators on the acquisition of Nan Shan Life Insurance Co., Ltd. with Primus Financial Holdings Ltd. before the end of this year, Raymond Or Ching-fai, CEO of the Hong Kong-listed company, said on December 7.China Strategic and Primus Financial were selected by American International Group, Inc. to buy its Taiwan life insurance unit Nan Shan Life for USD 2.15 billion, but the application they filed was turned down by Taiwan's Investment Commission last ... [Full Story]
12.8.2009| Breaking News | Jessen
The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the aftermath of the financial crisis, said PricewaterhouseCoopers LLP in a report released today. Within five years, the industry landscape could look markedly different, and Americans may find their insurance policies underwritten by a handful of large, well-capitalized firms that can demonstrate financial strength and economies of scale.The ... [Full Story]
12.8.2009| Breaking News | Jessen
According to "The Grandparent Economy," a 2009 study by American Demographics founder Peter Francese, grandparents give their grandchildren more than $5.5 billion annually in gifts of stocks, bonds and mutual funds. But after last year's market downturn, are these securities-based vehicles still appropriate for seniors who -- while keen on helping loved ones financially -- are now more risk-averse?Seniors who seek holiday presents on the practical side that offer growth, without the risk of market losses, should consider an alternative: naming a ... [Full Story]
12.8.2009| Breaking News | Jessen
BestDay Audio for Tuesday, Dec. 8: California Insurance Commissioner Steve Poizner discusses why he wants insurance companies to divest themselves of ties to the Iranian economy. Also included in the cast: Carol Sipe, new president and chief executive officer of Summit, a provider of monoline workers' compensation insurance and a member of Liberty Mutual Agency Markets, is joined by outgoing president and CEO Rick Hodges to talk about the company's growth and market trends.Recent episodes of BestDay Audio include:? Monday, Dec. 7: Charles Earle, ... [Full Story]
12.8.2009| Breaking News | Jessen
Conseco, Inc. (NYSE: CNO), provided its outlook today for earnings for the full year 2010. The Company said it projects net operating income* of between $145 million and $170 million in 2010. "With all of the capital management actions we have taken over the last year and the changes in the financial markets, providing information regarding our operating income outlook at this time is important," said Conseco CEO Jim Prieur.The pre-tax operating income (loss) of the Company's segments in 2010 are projected to be as follows: Bankers Life $200 - $225 ... [Full Story]
12.8.2009| Breaking News | Jessen
BUYINS.NET, www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has reviewed the NYSE, NASDAQ, BX, CHX and NSX Daily Short Volume Report through Monday, November 30, 2009 and come to the following statistical conclusions. The chart below shows aggregated daily short volume in American International Group (NYSE: AIG) for August through November 30th, 2009. Over 473 million shares have been shorted since August 3, 2009. AIG has dropped from $54.40 to $28.55 since ... [Full Story]
12.1.2009| Breaking News | Jessen
A.M. Best Co. has assigned a financial strength rating (FSR) of B++ (Good) and an issuer credit rating (ICR) of ?bbb? to Jordan Insurance Company Plc (JIC) (Jordan). The outlook for the FSR is stable, while the outlook for the ICR is positive.The ratings of JIC reflect its strong level of risk-adjusted capitalisation, robust underwriting performance and established business profile in the Jordanian insurance market. An offsetting factor is the company?s investment strategy, which gives rise to volatile investment performance. The positive outlook ... [Full Story]
12.1.2009| Breaking News | Jessen
