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Insurance News 09/2008 (Page 6)

Republicans roll back goals, seek insurance plan (Houston Chronicle)
After temporarily derailing the Bush administration's $700 billion proposal to bail out the financial system on Thursday, House Republicans pared back their goals on Friday and demanded that the plan rely at least partly on an industry-financed insurance program for troubled mortgages.

Court rejects Blagojevich health insurance plan (Belleville News-Democrat)
Gov. Rod Blagojevich's administration doesn't know who it's signed up for an enlarged health insurance program, how much money in premiums it's collected or even where that money is, according to a court ruling Friday that blocked the program's expansion.

Insurance figure Dinwiddie Lampton Jr. dies (Louisville Courier-Journal)
Dinwiddie Lampton Jr., a longtime Louisville insurance executive and enthusiast of steeplechase racing and horse-drawn carriages, died Thursday at his home in Lexington, Ky. He was 94. Lampton also was an unsuccessful candidate in the Democratic primary for governor in 1987.

14 useless insurance policies (Bankrate.com)
When Shakespeare observed, "What fools these mortals be," he easily could have been referring to our tendency to buy unnecessary or downright useless insurance.

The economic realities of universal health insurance (The Union)
The quest for universal health insurance coverage is very noble and very passionate. There have been and currently are several proposals in Congress utilizing public/ private partnerships.

Kolkhorst: Close watch needed on insurance (Brenham Banner-Press)
AUSTIN — The insurance industry in Texas will have to be watched closely in the wake of Hurricane Ike and the “meltdown” of U.S. financial markets, state Rep. Lois Kolkhorst has warned.

Protesters greet health-insurance executives at roundtable in Providence (The Providence Journal)
When the Clinton administration attempted to overhaul the health-care system in the 1990s, among the loudest voices raised in opposition was that of the health-insurance industry. The insurers financed the notorious “Harry and Louise” commercials that contributed to the Clinton plan’s failure.

14 Useless Insurance Policies (Fox News)
Ready to trim your insurance costs? Here are 14 policies you can probably scale back, or live without.

Insurance businessman Lampton dies (Lexington Herald-Leader)
Dinwiddie Lampton Jr., a prominent Louisville insurance executive and horse enthusiast who once ran for governor, has died. He was 94. The Courier-Journal of Louisville reported that Lampton died Thursday at his home in Lexington. Lampton ran unsuccessfully in the 1987 Democratic gubernatorial primary. He was the longtime president of American Life & Accident Insurance Co., ...

Health insurance woes: Stuck in the middle (Lincoln Journal Star)
It’s a steamy morning in Lincoln, and the air conditioner of the Consumer Reports recreational vehicle does little but stir the smell. Three of the magazine’s road warriors rolled into Lincoln the night before, on an odyssey to sample America’s health insurance woes.

Elder Law: Talk to professional for long-term care insurance (The News-Press)
Last week I indicated that because of recent restrictions on qualifying for Medicaid, long-term care insurance is even more important in an...

Insurance executive, Elmendorf Farm owner dies (Lexington Herald-Leader)
LOUISVILLE . Dinwiddie Lampton Jr., a prominent Louisville insurance executive and horse enthusiast who once ran for governor, has died. He was 94. The Courier-Journal of Louisville reported that Lampton died Thursday at his home in Lexington. Lampton ran unsuccessfully in the 1987 Democratic gubernatorial primary. He was the longtime president of American Life . Accident ...

House GOP pushing for insurance plan in bailout (Denver Post)
After temporarily derailing the Bush administration's $700 billion proposal to bail out the financial system Thursday, House Republicans pared back their goals Friday and demanded that the plan rely at least partly on an industry-financed insurance program for troubled mortgages.

Health-insurance law tops talks by NA committee (Việt Nam News)
HA NOI - The draft Law on Health Insurance, which targets implementation of nationwide health insurance by 2014, topped talks for the National Assembly Standing Committee yesterday.

Quinn Insurance British Masters (PGA European Tour)
Lee Westwood and Michael Campbell were tied for the lead and three clear of the field after an action-packed completion of the Quinn Insurance British Masters third round at The Belfry on Sunday morning.

Insurance a challenge for special-needs families (Daily Local News)
, Families with special-needs children face challenges in the area of health insurance coverage and often must turn to programs that offer medical assistance, such...

Disability insurance: A smart buy? (Orlando Sentinel)
What would happen if you were unable to work? Disability insurance is the one way to receive a portion of your salary, generally 60 percent for a set period, if an illness or debilitating accident makes it impossible to work.

Schwarzenegger grapples with new medical insurance laws (Los Angeles Times)
As he considers 10 bills passed by the Legislature that would expand what insurers must pay for, he must balance improved coverage with the risk of driving costs so high that people can't afford it. Garrett Warren, 14, needs braces to fix the gaps in his teeth caused by a severe cleft lip and palate that have already required seven operations. But his family's insurance plan won't pay for ...

Health insurance costs grew gradually in 2008 (Louisville Courier-Journal)
Health insurance premiums rose a modest 5 percent this year for coverage that's getting skimpier, researchers say.

SUBSCRIBERS: Sarkozy Mtg Bank, Insurance Heads Already Reported (Nasdaq)
(Please disregard the headline "France Pres Sarkozy Calls Mtg Of French Bks, Insurance Heads" at 0918 GMT. The item was reported at 0904 GMT.) (END) Dow Jones Newswires 09-29-080542ET Copyright (c) 2008 Dow Jones & Company, Inc.

Cantor Insurance Plan Makes it in Bailout Bill (Media General News Service Washington Bureau)
A compromise plan to potentially spend $700 billion bailing out Wall Street of bad mortgage-backed assets includes an optional insurance program Rep. Eric I. Cantor, R-Va., and House Republicans sought. more

Philadelphia Insurance Sponsors Run/Walk Benefiting Cancer Center (Insurance Journal)
Philadelphia Insurance Companies sponsored the 2008 Parkway Run/Walk benefiting The Cancer Center at The Children's Hospital of Philadelphia on Sunday, Sept. 28. Despite rain, more than 1,500 runne

Congress Extends National Flood Insurance Plan Until Next March (Insurance Journal)
In addition to working overtime on the Wall Street bailout over the weekend, the Senate also approved legislation to extend the National Flood Insurance Program until March 6, 2009. The measure was

Treasury Opens Insurance Program For Money Funds (Fox News)
Treasury Opens Insurance Program For Money Funds

Insurance Businessman Lampton Dies (The Kentucky Post)
LOUISVILLE, Ky. (AP) - Dinwiddie Lampton Jr., a prominent Louisville insurance executive and horse enthusiast who once ran for governor, has died. He was 94.

Rota's DPS sets insurance, DUI, seatbelt checkpoints (Saipan Tribune)
The Rota Department of Public Safety said that its Traffic Section will be conducting one insurance checkpoint and one DUI/sobriety checkpoint this Friday, Oct. 3, 2008.

Legislator, mayor trade shots over health insurance (The Republican)
CHICOPEE - On the eve of a Wednesday deadline for cities and towns to enroll their employees in the state-run group health insurance plan, state Rep. Joseph F. Wagner, D-Chicopee, and Mayor Michael D. Bissonnette are locking horns on the potential savings of such a move.

Ledger's insurance firm sued over nonpayment (Reuters via Yahoo! News)
Heath Ledger's insurance company has been sued in Los Angeles for not paying out $10 million in benefits to his daughter, claiming the actor may have committed suicide, according to court papers.

State Insurance Officials Work to Calm AIG Policyholders (Washington Post)
The U.S. government may have seized control of American International Group two weeks ago, but state insurance regulators and guaranty associations are still fielding calls from panicked holders of policies from the insurance giant.

Obama Proposes Increasing Federal Deposit Insurance to $250,000 (Bloomberg via Yahoo! News)
Sept. 30 (Bloomberg) -- Barack Obama, the Democratic presidential nominee, today proposed increasing the Federal Deposit Insurance Corp. limit to $250,000 from the current level of $100,000.

Obama proposes increasing bank deposit insurance (AP via Yahoo! News)
Democratic presidential candidate Barack Obama said Tuesday the government should extend the federal deposit insurance limit from $100,000 to $250,000 to help small businesses as part of a revamped economic rescue plan he called essential to averting a catastrophe.

Obama urges higher deposit insurance (CNN Money)
Democratic presidential candidate Barack Obama Tuesday proposed expanding federal deposit insurance for families and small businesses as a way to convince lawmakers who voted against the $700 billion federal bailout plan to change their minds.

Candidates seek higher deposit insurance (AP via Yahoo! News)
Presidential candidates John McCain and Barack Obama urged Congress Tuesday to redouble efforts to save a financial system bailout and both said that a key part of the legislation should be increasing federal deposit insurance from $100,000 to $250,000.

Genworth reviews US mortgage insurance business (AP via Yahoo! Finance)
Mortgage insurer Genworth Financial Inc. said Tuesday that it is considering various strategic alternatives for its U.S. mortgage-insurance business including a possible spin off, sending shares sharply higher in premarket activity.

Obama calls for deposit insurance hike (AFP via Yahoo! News)
Democrat Barack Obama Tuesday said federal deposit insurance for US families and small businesses should be increased, in a bid to persuade more lawmakers to back a Wall Street bailout.

Candidates want deposit insurance limit raise (MSNBC)
Republican John McCain and Democrat Barack Obama said Tuesday the government should raise the federal deposit insurance limit from $100,000 to $250,000 as part of a renewed approach to shoring up the U.S. economy.

Obama, McCain call for deposit insurance hike (AFP via Yahoo! News)
White House nominees Barack Obama and John McCain Tuesday said federal deposit insurance for US families and small businesses should be raised, in a bid to persuade more lawmakers to back a Wall Street bailout.

FDIC wants to raise deposit insurance limit: source (Reuters via Yahoo! News)
The chairman of the House Financial Services Committee has told lawmakers that a federal bank regulator will seek authority to increase the deposit insurance limit to a level above its current $100,000, said a source familiar with the chairman's thinking.

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