The News Review:
- Understanding Insurance ptions
- AIG latest revamp gets nod from credit-rating firms
- FDIC Proposes Charging Banks New Fee To Beef Up Insurance Fund
- Free Life Insurance Available For Some Vermonters
- Insurance giant AIG facing possible breakup
- Regulators Shut Two Small Banks in Illinois Nevada
Understanding Insurance ptions
New York Times
orgThe health care consumer advocacy group has a “Resources for Consumers” section on its Web site. Download the useful guides “Getting Covered: Finding Health Insurance When You Lose Your Job” and “Understanding CBRA and Mini-CBRA Premium Assistance. ”Foundation for Health Coverage Education.
AIG latest revamp gets nod from credit-rating firms
MarketWatch
Without the support from Standard & Poor’s and Moody’s AIG’s ratings might have been substantially cut forcing the firm to post billions of dollars of collateral on financial contracts and causing the termination of many corporate insurance policies the Journal reported. The credit-rating firms have been criticized for not highlighting the risks in AIG’s operations that led to its slump the Journal reported. But the assessments of AIG’s creditworthiness are still key factors in the company’s contracts with trading partners and insurance clients the paper reported.
Related from Lasilla: Spain’s Credit Rating Is at Risk S&P Warns
FDIC Proposes Charging Banks New Fee To Beef Up Insurance Fund
Washington Post
which insures investor deposits in banks has proposed a one-time fee on banks totaling $27 billion. The money would go toward insuring deposits in banks that the FDIC predicts will fail between now and 2013. The FDIC predicts that cost could go as high as $65 billion. The FDIC will now solicit comments on what is likely to be a controversial proposal.
Free Life Insurance Available For Some Vermonters
MSNBC
- Vermonters between the ages of 19 and 42 in good health might be eligible for free life insurance. A program created to help low-income Vermonters establish a safety net they normally wouldn’t be able to afford could provide some people with free life insurance if they qualify NewsChannel 5′s Mia Moran reported. Getting blood drawn wasn’t what Michael Mosley of Essex Junction had in mind for his Saturday morning but the father of two young children is going through with it anyway hoping it will be a load off his mind one day down the road. Story continues below ?advertisement |.
Insurance giant AIG facing possible breakup
The Associated Press
13 AIG had already sold interests in nine businesses. But it needs to sell more. “In ordinary times the sale of these assets would have been relatively easy” said Bob Hartwig president of the Insurance Information Institute a New York-based industry group. “The inability to sell the assets today appears to be more of a function of the inability to finance the deals as opposed to interest in purchasing many of these assets. “According to analysts AIG has been unable to solicit bids for some of its top units including American Life Insurance AIG’s U. life insurance operation; American International Assurance Asia’s largest life insurer; International Lease Finance Corp.
Regulators Shut Two Small Banks in Illinois Nevada
Wall Street Journal
–>Regulators Shut Two Small Banks in Illinois Nevada ArticleCommentsmore in. Illinois regulators shut down Heritage Community Bank a four-branch lender based in Glenwood Ill. and the Federal Deposit Insurance Corp. sold all of the deposits to MB Financial Bank of Chicago. Heritage Community had $232. 9 million of assets and the FDIC estimated.