The News Review:
- FDIC boosts deposit-insurance premium
- Brown & Brown Inc. Announces the Asset Acquisition of Charter …
- Health insurance group spent $1.6M lobbying in 3Q
- Judge dismisses hurricane insurance lawsuit
- Zurich Intl re-enters Taiwan’s insurance market
FDIC boosts deposit-insurance premium
Bizjournals.com NC
_BE508EB564A141F4968EEA511A6144F4. ’s board of directors has approved increasing by 7 cents for every $100 in deposits the annual deposit-insurance premium paid by banks. The increase of 7 basis points will take effect Jan. Banks now pay between 5 and 43 basis points for FDIC insurance depending on the strength of the bank. Under the new rules insurance rates would be risk-based ranging between 12 and 50 basis points.
Brown & Brown Inc. Announces the Asset Acquisition of Charter …
CNNMoney.com
Helen Wertheim and her team will combine their agency operations with thatof Brown & Brown’s existing Albuquerque office under the leadership ofScott Jones. Kirk stated “We are pleased to have Charter Insurance and their groupof talented insurance professionals join our Albuquerque operations. Thiscombination will enable our New Mexico operations to thrive and will allowus to provide new resources and service capabilities for our clients in NewMexico. Brown & Brown Inc. and its subsidiaries offer a broad range of insuranceand reinsurance products and services as well as risk management thirdparty administration managed health care and Medicare set-aside servicesand programs. Providing service to business public entity individualtrade and professional association clients nationwide the Company isranked by Business Insurance magazine as the seventh largest independentinsurance intermediary in the United States.
Health insurance group spent $1.6M lobbying in 3Q
MSNBC
6 million lobbying on a host of pharmaceutical insurance and tax-related issues during the third quarter according to a recent disclosure form. The health insurers’ trade group lobbied on the Medicare Advantage program Medicare prescription drug price negotiations health insurance reforms in the individual market and tax issues related to health savings accounts. The group also lobbied on eligibility and outreach issues tied to the State Children’s Health Insurance Program which provides coverage to poor children. It supports standard eligibility for both that program and Medicaid in all states and it also supports expanded eligibility for children under the SCHIP program.
Judge dismisses hurricane insurance lawsuit
Forbes NY
The suit filed in 2007 by former Attorney General Charles Foti Jr. accused Allstate Insurance Co. State Farm Fire and Casualty Co. and other insurers of conspiring to shortchange policyholders after the hurricanes struck the Gulf Coast in 2005. The companies asked U.
Related from Freewheelintornados: Judge dismisses hurricane insurance lawsuit
Zurich Intl re-enters Taiwan’s insurance market
Reuters
substring(0CMSB_ID. VX: Quote Profile Research) life insurance unit has re-entered Taiwan after leaving the market for four years as part of its latest effort to expand in Asia the company said on.