The News Review:
- Expanded FDIC role strains US bank insurance fund
- Fidelity National Financial Inc. Announces Reinsurance Agreements …
- Research and Markets: This Reforms and Private Health to Sustain …
Expanded FDIC role strains US bank insurance fund
Reutersnbsp;
bankfailures and dramatic new guarantee programs have increased theburden on the fund that insures bank customers’ savingsaccounts but the Federal Deposit Insurance Corp has taken anaggressive stance to protect the fund. The FDIC reported on Tuesday that the insurance fund took a24 percent hit during the third quarter dropping to $34. The decrease was primarily due to $12 billion the FDIC setaside for expected bank failures. The fund’s reserve ratio also dropped sharply to 0. 76percent at the end of the third quarter meaning there are 76cents of insurance for every $100 of insured deposits — thelowest level since 1994.
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Fidelity National Financial Inc. Announces Reinsurance Agreements …
MarketWatchnbsp;
‘s two principal
title insurance underwriters Commonwealth Land Title Insurance Company
(“Commonwealth”) and Lawyers Title Insurance Corporation (“Lawyers”) as well
as LandAmerica NJ Title Insurance Company (“LandAm NJ”) and United Capital
Title Insurance Company (“United”). Chicago Title Insurance Company (“Chicago
Title”) will reinsure policies underwritten by Commonwealth and LandAm NJ and
Fidelity National Title Insurance Company (“Fidelity National Title”) will
reinsure policies underwritten by Lawyers and United during the transition
period between the signing of the stock purchase agreement and the closing of
the transaction. The reinsurance agreements will allow agents and all other
customers to rely upon the underlying financial strength of Chicago Title and
Fidelity National Title and ensure that all Commonwealth Lawyers LandAm NJ
and United title insurance policies issued to and escrow deposits held on
behalf of customers will be fully protected during the period of transition
until the closing of the stock purchase. Fidelity National Financial Inc.
Research and Markets: This Reforms and Private Health to Sustain …
MarketWatchnbsp;
The German economy Europe’s largest shrank in the third quarter of
2008 pushing the nation into the worst recession in the last 12 years. In the year 2007 the German insurance industry saw stagnation in
premium growth with overall premium growth a minimal of 0. As a matter of fact the insurance industry’s net revenue would have
slipped to negative figures if the premium revenue from private health
insurance would not have grown by 2. The German insurance market – home to the region’s biggest insurer
Allianz and the world’s biggest reinsurance company Munich Re is seeing
a slowdown in the year 2008 also.