Bethesda-based ICP, a life insurance settlement and premium finance broker, evaluated the viability and continued ownership of life insurance policies owned by X-Rite that were placed upon the lives of X-Rite founders who are no longer involved with the company.
“We have worked with many companies before in selling buy-sell agreements as well as key executive [...]
About two months after the government first announced its multibillion-dollar bailout of insurance giant AIG, more insurance companies are lining up for federal dollars, leaving some consumers worried about their insurance policies.
Insurance companies “are suffering very badly because of the losses in their investment portfolios,” said Neena Mishra, a senior financial analyst who covers banking [...]
A federal court jury in Pittsburgh has had a long weekend to mull nearly three weeks of testimony in the fraud trial of a retired Pennsylvania appellate judge.
Testimony wrapped up Thursday and the jury will return today for closing arguments before deliberating mail fraud and money laundering charges against former Superior Court Judge Michael Joyce.
Several [...]
NATIONAL HARBOR, Md.—State insurance regulators are working with federal officials and American International Group Inc. to minimize disruption following the financial crisis that enveloped the New York-based insurer last week. Among other things, regulators are establishing a streamlined…
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Romney tells builders his business background better qualifies him to fix the economy
New York’s efforts to [...]
TORONTO (Reuters)—Shares of Fairfax Financial Holdings Ltd. rose Monday after the insurance holding company reported hefty proceeds on the sales of credit default swaps and said it planned to renew its share buyback program. Fairfax shares were up 13% at $334.11 Canadian ($319.26) on the…
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Dentists Billed Taxpayers For ‘unnecessary’ Work On Kids
Five Questions [...]
NATIONAL HARBOR, Md.—Relaxed collateral standards for highly rated non-U.S. reinsurers took a significant step forward Monday when the Reinsurance Task Force of the National Assn. of Insurance Commissioners voted to allow lower collateral requirements. All but one of task force member voted…
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Alert Over Trifle Intake
Trial nears for executives of collapsed health [...]
A recent travel insurance survey is warning consumers to check that their insurance policy is adequate for their needs. This survey found that consumers are travelling up to 4 times a year between holidays and weekend breaks. The website also found that this figure jumped to 8 times a year when including business trips. As [...]
… Credit Slips readers may already know, credit default swaps (CDS) are basically insurance contracts — the “protection seller” promises to pay the “protection buyer” a lump sum of money if … (Lehman Brothers, oh wait . . . ). The one key difference between CDS and insurance is the possibility to buy CDS [...]
… due to defective automotive design and negligence of careless drivers. We believe the combined proud efforts of trial lawyers, insurance companies and manufacturers in the United States who have particular knowledge in litigating defective vehicle cases has lead the … handle every aspect of your car accident case. We will negotiate [...]
… . Aside from the downside to employees’ already eroded paychecks, this provides a disincentive for employers to provide health insurance benefits. The end goal? One NYTimes commentator says the goal is to take health insurance out of the … competition work to drive down the cost in healthcare premiums? We in California might look [...]
