The News Review:
- FDIC nears IndyMac sale
- Florida calls Conseco Life Insurance on the carpet
- AIG’s $150B bailout is just a start
- Title insurers safe despite LandAmerica bankruptcy
- It’s not a health-care crisis; it’s a payment problem
- Mo. suit centers on alternative energy insurance
FDIC nears IndyMac sale
CNNMoney.com
The Federal Deposit Insurance Corp. which has been running the bank since early July is reportedly close to finding a buyer for its remaining shriveled assets. The shock that the bank’s failure caused in July has been muted by the trillions committed by the government in other failure bailouts supporting institutions that dwarf IndyMac in size and influence. The FDIC now estimates it will spend about $8. 9 billion protecting the deposits of IndyMac’s customers although the final cost to its $35 billion insurance fund will depend upon how much it gets for the bank’s remaining assets.
Florida calls Conseco Life Insurance on the carpet
Forbes NY
to show cause why its Florida license should not be revoked or suspended for misleading approximately 5000 customers. For three years the company failed to notify the state or customers that their Lifetrend policies were underfunded the ffice of Insurance Regulation said Tuesday.
AIG’s $150B bailout is just a start
CNNMoney.com
com;letters@fortunemail. Loomis senior editor at largeLast Updated: December 24 2008: 11:11 AM ET.
Title insurers safe despite LandAmerica bankruptcy
Reuters
PK) bankruptcy is unlikely to set a trend for its surviving peers who though roiled by falling demand amid the housing market meltdown may see a rebound in 2009. Instead the failure of LandAmerica which controlled 20 percent of the title-insurance market may prove to be a boon for the ailing industry as the exit of a big player leaves a larger market share for the rivals to grab. “(LandAmerica) overloaded its balance sheet with debt and created a liquidity problem for themselves which does not have any bearing on how the other companies are operating their businesses” RBC Capital Markets’ Mark Dwelle said by phone. The other companies are functioning as they are expected to during a real-estate downturn and are taking appropriate actions to solve their short-term earning problems Dwelle said.
It’s not a health-care crisis; it’s a payment problem
Chicago Tribune United States
There is no health-care crisis—there’s a sickness payment problem. Americans are able to choose what cars to buy groceries to purchase homes to own or rent and make innumerable other transactions in freedom. Why not medical insurance?.
Related from Bmkf999: Tom Daschle’s Plan for Health Care Rationing How the new health …
Mo. suit centers on alternative energy insurance
Forbes NY
Louis has filed suit against a Missouri commission saying it believes a new insurance rule will discourage people from trying to produce their own solar or wind power. The Great Rivers Environmental Law Center filed suit Monday against the Missouri Public Service Commission in Cole County Circuit Court.