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Insurers Get Capital Boost Out of Thin Air, Through More "Accounting Changes"
11 hours ago ago from Shocked Investor
U.S. insurance regulators have approved accounting changes to allow insurers to temporarily use future tax benefits to boost regulatory capital, in other words, allowing them to use billions in future tax benefits to as capital ( Reuters ) "Life insurers in particular had been clamoring for the change, eager for ways to boost capital after the sector was badly hit by the credit crisis". "Insurance regulators have long understood the need ...
Related contentSonya Hetrick
58 minutes ago ago from KLD BLOG
The global economy depends on effective risk management by consumers, businesses and governments, which has helped make insurance the world's largest industry . Insurance companies generate $3.4 trillion in premium revenue, plus another $1 trillion in investment income . Still, this vast accumulation of wealth – larger than the GDP of every nation except the US, China and Japan – may not be enough to hedge against the risks of climate change. ...
Related contentConsumer choice bill: good thing or not?
23 hours ago ago from Straight Talk
Here’s something all Floridians agree on: Our property insurance market is a mess. Figuring out what to do about the problem is where all bets are off. Newspapers across the state are covering the reintroduction of a bill by Senator Mike Bennett , R-Bradenton, and Rep. Bill Proctor , R-St. Augustine that was vetoed last year by Gov. Charlie Crist. The bill would allow insurers to charge rates they think are appropriate without approval of ...
Related contentWhich Insurance Companies Do Not Look At Your Driving Record?
9 hours ago ago from Latest and free articles source
Answer: One of the major ways that an auto insurance company makes money is by collecting premium payments from policyholders who do not file many claims with the company. These types of clients are considered low risk because the insurance company determined that they will most likely not lose money by insuring these individual. Low-risk drivers will get the benefit of paying much lower insurance premiums than high-risk drivers. The way ...
Related contentThree things your insurer won’t tell you about tax-saving plans – Daily News and Analysis
12 hours ago ago from Sell Annuity
Three things your insurer won't tell you about tax-saving plans Daily News and Analysis We typically tend to assume that the entire premium paid for an insurance policy can be claimed as a tax deduction up to Rs 1 lakh. While that is true in most cases, it is not always so. And this is something that insurance companies will either not AIG units omit name and excel Spartanburg Herald-Journal Just months after dropping the telltale ...
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Robert Reich: How a Few Private Health Insurers Are on the Way to Controlling Health Care
3 hours ago ago from Huffington Post
The public option is dead, killed by a handful of senators from small states who are mostly bought off by Big Insurance and Big Pharma or intimidated by these industries' deep pockets and power to run political ads against them. Some might say it's no great loss at this point because the Senate bill Harry Reid came up with contained a public option available only to 4 million people, which would have been far too small to exert any ...
Related contentResearch and Markets: New Research Report on the Chinese Insurance Industry, 2008-2009
19 hours ago ago from PopEater
Research and Markets ( http://www.researchandmarkets.com/research/20bdc9/research_report_on ) has announced the addition of the " Research Report on Chinese Insurance Industry, 2008-2009 " report to their offering. In 2008, the Chinese insurance industry realized rapid growth. The insurance industry attained the original insurance premium revenue of RMB 978.41 billion, rising by 39.1% YOY. Included in that are the original insurance premium ...
Related contentHealth care issues: Age and sex rating
5 hours ago ago from PopEater
-A look at key issues in the nation's health care debate: THE ISSUE: How much more can insurers charge people based on age, sex and pre-existing conditions, and would that change if the health system is overhauled? THE POLITICS: Charging women, the elderly and people who already have health problems higher rates for health insurance is based on insurers' contention that those groups use more services and cost more. President Barack Obama and ...
Related contentRon Ashkenas: Government Health Care: Like the Postal Service?
1 day ago ago from Huffington Post
Buried in the news reports of the past two weeks, with hardly any fanfare or attention, was a report by the U.S. Postal Service (USPS) that it lost $3.8 billion in fiscal year 2009. This was despite reducing expenses by $6 billion, eliminating 40,000 jobs, and reducing payments for retiree health benefits by $4 billion. Executives from any other corporation with this kind of staggering loss would be tarred and feathered, or at least ...
Related contentFirst Financial names 2 executives
1 day ago ago from PopEater
CHARLESTON, S.C. -First Financial Holdings Inc. said Thursday it has added two executives to its management team. J. Dale Hall was named chief banking officer and Joseph W. Amy becomes chief credit officer. Both also hold executive vice president titles. Hall's responsibilities will include commercial and retail banking, marketing, insurance operations and wealth management. Amy will oversee credit risk management functions First financial is ...
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