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Chaney defends rate hike
4 hours ago ago from Yall Politics
Chaney defends rate hike Mississippi Insurance Commissioner Mike Chaney said he was not happy about granting a 19.5 percent homeowners rate increase to State Farm, but he had little choice. "Would you want me to have 26,000 policies canceled on the Gulf Coast with nobody to write coverage for those 26,000 people?" Chaney asked. He announced on Nov. 30 that he had approved the rate increase for State Farm Fire and Casualty Co. on ...
Related contentMichigan DOI Limits Blue Cross Blue Shield of Michigan’s Medigap Rate Increase
15 hours ago ago from Ritter Insurance Marketing
Here is the article from the Detriot Free Press . BCBS Michigan was seeking a 31.2% rate increase on it's Medigap plans to stem the $358 million in losses the company has accrued since 2003. The DOI granted a maximum rate increase of 3.8%. BCBS Michigan has not decided if it will appeal.
Related contentAs Holidays near, Domestic Hotel Rates Drop While International Rates Increase
4 hours ago ago from Hospitality and Tourism Industry News
Travelocity’s most recent data for hotel rooms booked over the holidays (December 20, 2009 – January 3, 2010) shows average daily rates have been falling as the popular vacation period nears. A week-by-week analysis shows that over a 14 week period ending November 28, overall ADR has dropped from $181 per night to $150 per night.
Related contentAustralian, N.Z. Dollars Strengthen on Job Gains, Central Bank :: Currency Bits
1 hour, 10 minutes ago ago from Currency Exchanges | Conversions | Rates | Symbols | World | Trading | Values < Currency Bits
Home Currency Exchange Australian, N.Z. Dollars Strengthen on Job Gains, Central Bank December 10, 2009 |12:27 | Currency Rates By : Team X Australia s dollar gained for a second day after a report showed employers added more than six times the number of jobs forecast by economists. New Zealand s currency advanced on prospects for higher interest rates. The so-called Aussie rose after the statistics bureau said ...
Related contentGlobal News: Australia Employment Jumps, Brazil GDP Growth Muted, Ireland Takes Responsible Budget Steps, Spain Next to Worry About, UK Bank Bonus Tax of 50%
9 hours ago ago from Fund My Mutual Fund
A bevy of interesting news from across the globe in the past 24 hours.... all below via Bloomberg. 1) Australia has taken the lead in raising rates among the G20 nations, already doing so 3 times, as its tightening relationship with China buoys the economy. Employment figures jump for the 3rd straight month, besting economists expectations by a factor of 6: Australian employment soared for a third straight month as companies added six ...
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Bankrate: Mortgage Rates Inch Upward
6 hours ago ago from PopEater
NEW YORK, Dec. 10 /PRNewswire/ -- The average conforming 30-year fixed mortgage was up slightly this week to 5.04 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.43 discount and origination points. (Logo: http://www.newscom.com/cgi-bin/prnh/20040122/FLTHLOGO ) The average 15-year fixed mortgage was a notch higher at 4.47 percent while the larger jumbo 30-year fixed rate ...
Related contentHawaii Electric Light Company Files 2010 Rate Request
17 hours ago ago from PopEater
Hawaii Electric Light Company (HELCO) today submitted to the Hawaii Public Utilities Commission (PUC) a request for a rate increase for Hawaii Island customers late next year to help pay for system upgrade projects including its new generating unit at Keahole and two major West Hawaii transmission line upgrades, as well as increasing operations and maintenance costs for the island’s electrical system. If approved, the request would result in ...
Related contentIceland cuts key interest rate 1 point to 10 pct
10 hours ago ago from PopEater
REYKJAVIK, Iceland -Iceland's central bank on Thursday cut its key lending rate a full point to 10 percent. The seven-day collateral lending rate had peaked at 18 percent in October last year as Iceland's banking system collapsed under the strain of a global credit crisis. Sedlabanki, the central bank, also cut its overnight lending rate by 1.5 percentage points to 11.5 percent. The deposit rate on current accounts was trimmed by a half a ...
Related contentAustralian jobless rate unexpectedly falls in Nov
12 hours ago ago from PopEater
SYDNEY -Australia's jobless rate unexpectedly fell in November as full-time employment surged, raising the prospect of more interest rate hikes as the country's economic recovery gains momentum. The jobless rate fell to 5.7 percent from 5.8 percent in October with 30,800 new full-time jobs created during the month, the Australian Bureau of Statistics said Thursday. Part-time employment increased by 300. Economists had expected the jobless ...
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