ING to Raise $11.3 Billion, Sell Insurance Units (Update2) – Bloomberg.com
Insurance News
Healthcare Reform – Get Your Copy Here
Click here to get your very own copy of the Senate Finance Committee’s healthcare reform bill.
You won’t get any political commentary, nor an opinion from this blog. You can read the 1502 page bill yourself and formulate your own opinion.
Let the real debate begin.
Pet Insurance – No Longer Just a Joke
Podcast: Insurance For A Hedgehog – Planet Money Blog : NPR
The podcast is about 20 minutes long but you just have to listen to this.
S&P Decides Not to Rate Life Settlement Securitizations
COBRA Subsidy Extension Under Consideration
Obama Considers Extending COBRA Subsidy | workforce.com
This short article caught my eye:
- COBRA enrollment doubled between March 1 and June 30 of this year
- Claims costs are likely to rise
The intended and unintended consequences of the subsidy will be interesting to follow.
Financial Underwriting – Yes, It Matters
Unable To Sell Homes, Brokers Turn To Arson
This a sad article about the real estate bust, arson, and insurance fraud.
Pay attention to financial underwriting. I suspect there will be more sad stories like this in the future.
Life Sales Plummet
Limra Records Steepest Drop in Life Sales – Distribution – Life and Health Insurance News
After a 26% dive in the first quarter compared to a year earlier, individual life insurance annualized premiums dropped 20% in the second quarter, according to a new survey.
SCOR Update – July 22, 2009
XL Re Life Goes To SCOR – Companies/Financial – Life and Health Insurance News
“This small acquisition . . . proves that SCOR is able to profit from market opportunities in the current environment,” SCOR Chairman Denis Kessler says in a statement.
No, this small acquisition proves you can make a small acquisition. XL Re Life America in Stamford, CT had $31.2 million in premiums in 2008.
AIG Update – “Unprecedented” Economic Conditions
AIG to close Milwaukee center, lay off 291 – The Business Journal of Milwaukee:
I have friends at AIG/American General which makes this news painful. From a former insider, there were 60 layoffs in Dallas, 124 in Houston. Reportedly, there were staff reductions at every location in the country.
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