Squabbling between surviving members of the 1960s rock band The Doors is serious enough that a lawsuit over an insurance policy covering “advertising injury” should proceed, a federal appeals court ruled on Tuesday.
The band tried to carry on after its lead singer, Jim Morrison, died in 1971, but eventually split up. In recent years drummer [...]
How should one evaluate ULIPs (unit-linked insurance plans)? In an e-mail interview with Business Line, Mr Vikram Kotak, CIO, Birla Sun Life Insurance (BSLI), makes a case for investing in ULIPs.
He also sheds light on the performance and portfolio strategy of Birla Sun Life’s ULIP products. Excerpts from the interview:
Why should one seek returns and [...]
Space insurers are targeting premium increases of up to 30% following losses in 2007, which included the failures of the Sea Launch rocket carrying the NSS-8 satellite and the Proton carrying JCSat 11. Now with another failure of the Proton rocket carrying the AMC-14 satellite, this spells a pivotal time for both the insurance market [...]
The Senate voted 21-3 Thursday in support of a new health insurance program for small businesses called New Hampshire Health First. The legislation now heads to the House.
“This plan makes coverage affordable, not by diluting benefits, but by addressing the underlying drivers of health care spending,” said Sen. Kathleen Sgambati, D-Tilton, who sponsored Senate Bill [...]
NEW YORK (Reuters) - Warren Buffett concluded a highly
profitable year for his Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research)
(BRKb.N: Quote, Profile, Research) with an admonition for lenders who fueled the housing
crisis and words of caution that Berkshire’s own results might
be less stellar than in 2007.
Despite an 18 percent fall in fourth-quarter profit, net
income [...]
Industries Qatar, the largest
publicly traded company in the country, posted a 48 percent
rise in fourth-quarter profit, helped by higher petrochemical
prices and increased production.
Net income advanced to 1.58 billion riyals ($434 million)
from 1.07 billion a year earlier, Bloomberg calculated by
subtracting nine-month data from [...]
Aviva Plc, the loser in a bad year for
U.K. insurance stocks, is the forecasters favorite to make money
this year.
Aviva, Britains largest insurer by sales, fell 18 percent in
2007 trading, almost twice as much as the FTSE All-Share Life
Insurance Index. The London-based company, [...]
Ambac Financial Group Inc., the bond
insurer in rescue talks with banks, may announce an agreement
early next week that would save its AAA credit rating and avoid
losses on $566 billion of debt, according to a person familiar
with the discussions.
Banks may invest about $3 [...]
Ambac is in talks with banks and others to raise about $3 billion of capital, according to people familiar with the matter.
If successful, Ambac is expected to meet Moody’s target level for the top rating, the rating agency said in a statement.
Ambac’s ratings are on review as rating agencies view its capital as insufficient due [...]
NEW YORK, Feb 29 (Reuters) - Defaults on privately insured
U.S. mortgages rose 31.3 percent in January to the highest
level on record, as more homeowners failed to keep up with
their loan payments.
The Mortgage Insurance Cos of America said on Friday 68,950
insured borrowers were at least 60 days late on payments in
January, up from 52,528 [...]
