The News Review:
- MBIA Splits ff Municipal Bond Insurance Business
- Proposal envisions new US health insurance program
- Lose Health Insurance? Find Help
- Insurance Australia to Sell Stock as Profit Wiped ut
MBIA Splits ff Municipal Bond Insurance Business
Bloomberg -
Harrington and Jody Shenn Feb. 18 (Bloomberg) — MBIA Inc. the largest bond insurerwill split its municipal bond insurance business from themortgage-related debt guarantees that led to the loss of its topcredit ratings. The shares surged as much as 42 percent. Armonk New York-based MBIA transferred guarantees on about$537 billion of municipal bonds to MBIA Insurance Corp. ofIllinois which it plans to rename National Public FinanceGuarantee Corp. The new unit will be separate from an existingone that guarantees complex mortgage-linked securities and otherdebt which plunged in value during the U.
Related from Macintoshpost: Eaton Vance Chief Economist Available for Commentary n Consumer …
Proposal envisions new US health insurance program
Reuters -
policymakers move toward action. The proposal favors a mix of public and private insurance options over the idea of a fully government-run health system. Every American would be required to have some form of public or private health insurance and one choice would be a new nationwide government program for anyone under 65 the age when eligibility for the existing Medicare program begins. More than 40 million people would be expected initially to sign up for the new program the group’s Cathy Schoen said. The government would also operate an insurance exchange similar to the one run by the state of Massachusetts giving people the option of comparing coverage and choosing among a menu of private insurers or the new public program. The plan envisions wide adoption of health information technology greater disease prevention efforts and insurance payment changes that reward efficiency and penalize waste.
Lose Health Insurance? Find Help
MSNBC -
Across the nation about 600000 people lost their jobs last month and many are also losing their health insurance. Story continues below ?advertisement |.
Insurance Australia to Sell Stock as Profit Wiped ut
Bloomberg -
18 (Bloomberg) — Insurance Australia Group Ltd. thenation?s largest insurer of cars and houses raised a more-than-expected A$450 million ($290 million) from selling stock at a 13percent discount to institutional investors. The shares were sold at A$3 each according to a statementto the Australian stock exchange today. IAG which had plannedto raise A$400 million will also sell another A$100 millionthrough a share purchase plan. Sydney-based Insurance Australia earlier today reportedthat first-half profit was almost wiped out by investment losses.