The News Review:
- Third Bank Is Seized This Year
- Lawmakers press Geithner on US insurance oversight
- Uninsured motorists a growing problem in California
Third Bank Is Seized This Year
New York Times United States
“There is no need for customers to change their banking relationship to retain their deposit insurance coverage. ”Regulators closed 25 banks last year the most since 1993 draining money from the F.
Lawmakers press Geithner on US insurance oversight
Reuters
“We all share the belief that we must take steps to ensurethat a similar situation does not occur in the future” thelawmakers’ letter said. They also cited last year’s problems inthe bond insurance industry as further evidence of the need forWashington to play a greater role in supervising insurers.
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Uninsured motorists a growing problem in California
Bizjournals.com NC
The 18 percent rate for the Golden State is as of 2007 the most recent data available. In a study released this week the. “An increase in the number of uninsured motorists is an unfortunate consequence of the economic downturn and illustrates how virtually everyone is affected by recent economic developments” said Elizabeth Sprinkel the research group’s senior vice president. “Responsible drivers who purchase insurance end up paying for injuries caused by uninsured drivers. ”The Council estimated that the percentage of uninsured motorists decreased nationally to 13.