The News Review:
- Plan would have federal government oversee securities insurance …
- When a Job Disappears So Does the Health Care
- Insurance safety nets can be a lifesaver
- FDIC Ready To Boost Deposit Insurance Fees
- Proposals on Changes for Insurers Move Ahead
Plan would have federal government oversee securities insurance …
Houston Chronicle United States
Treasury Secretary Henry Paulson in March released a 212-page report outlining financial regulator reform that he believed was needed. Paulson leaves office next month and Obama has said that regulatory reform will be a major portion of his economic recovery program. One portion of Paulson’s report recommended putting all state-chartered bank regulations under the Federal Deposit Insurance Corp. or the Federal Reserve. The Texas Department of Banking currently regulates almost 350 state-chartered banks with $176 million in assets. Another proposal would give insurance companies the option of being regulated by the federal government instead of having to deal with different regulatory practices in each state. “There are a number of potential inefficiencies associated with the state-based insurance regulatory system” Paulson’s report said.
When a Job Disappears So Does the Health Care
New York Times United States
The crisis is on display here. Darling 27 was pregnant when she learned that her insurance coverage was about to end. She rushed to the hospital took a medication to induce labor and then had an emergency.
Related from Fathernickthomas: When a Job Disappears So Does the Health Care
Insurance safety nets can be a lifesaver
Albany Times Union NY
vidgraphic { margin: 0px; padding: 0px; height: 70px; width: 55px; border-top: 1px solid #666666; border-left: 1px solid #666666; border-bottom: 1px solid #666666; vertical-align:top;}. apthumb { margin: 0px; padding: 0px; height: 70px; width: 105px; vertical-align:top; border: 1px solid #666666; overflow:hidden; }–> Insurance safety nets can be a lifesaver By MARK G. PETERS First published in print: Monday December 8 2008 The government bailout of AIG the nation’s largest insurer has brought into sharp focus some nagging questions for consumers: What would happen to my insurance policy or annuity if my insurance company were to fail? Am I protected? If I suspect my insurer may be in jeopardy should I cancel my policy and find another company? Should I consider sales pitches from companies offering to buy out my life insurance policy for less than its face value because my company is “in trouble?”First of all if you are an AIG policyholder be very wary about invitations to switch carriers; it could be a costly move. The financial problems you’ve heard about involve AIG’s parent company. AIG’s insurance subsidiaries are protected by state regulations which require that they keep plenty of money in reserve to pay claims. Cancelling your policy early could result in your paying penalties withdrawal fees or higher premiums on a new policy. What if you’re insured by another company but are worried about its health? While they are rare insurance insolvencies can happen.
FDIC Ready To Boost Deposit Insurance Fees
Hartford Business
bank failures the Federal Deposit Insurance Corp. will likely increase — perhaps even double — the assessment fees it charges banks for federal deposit insurance early next year. The move will affect the earnings of all Connecticut financial institutions and be.
Proposals on Changes for Insurers Move Ahead
Wall Street Journal
–>Proposals on Changes for Insurers Move Ahead ArticleCommentsmore in. Actuaries and other technical experts at the National Association of Insurance Commissioners gave the go-ahead to several of nine proposals. The news likely will be welcomed by investors who battered shares of life insurers in recent weeks on concerns insurers would have to raise capital on unfavorable terms to show regulators they can make good on retirement-income products that carry minimum-return guarantees. “We recognize the economic situation” and the need to act urgently.