The News Review:
- Fortis outlines insurance future after $37 bln loss
- FDIC Imprimatur Now Costs More
- Short Hills insurance exec gives bonus to his employees
- 500000 lost health insurance report says
- Even in Tough Economic Times New GEEK INSURANCE Technology …
Fortis outlines insurance future after $37 bln loss
Reuters
7 percent (Adds conference call analyst comment opening shares) By Philip Blenkinsop BRUSSELS March 31 (Reuters) – Fortis NV (. BR) outlinedits future as a viable insurance group on Tuesday after plungingto a 28 billion euro ($37 billion) loss in 2008 due towritedowns on the carve-out of its banking activities. The stricken Belgian-Dutch group pulled apart in astate-led bailout last year said it would carry out a review ofoptions to boost growth consider acquisitions and eye a returnof capital to shareholders assuming they vote for the carve-up. “This is the new start for Fortis shareholders permitting”Chief Executive Karel De Boeck told a conference call. “A numberof our companies are fast-growers and they need additionalcapital in order to sustain their development.
FDIC Imprimatur Now Costs More
Wall Street Journal
–>FDIC Imprimatur Now Costs MoreFees Rise on Bond-Guarantee Program but Bank Use Isn’t Likely to Fade Yet ArticleCommentsmore in. ‘s debt-guarantee program. n Wednesday the FDIC began applying higher fees to bank debt that it guarantees through its Temporary Liquidity Guarantee Program trying to wean financial institutions off its support. Qualifying financial institutions have sold $124. 5 billion of government-backed bonds so far this year according to the latest figures from data provider Dealogic.
Short Hills insurance exec gives bonus to his employees
The Star-Ledger – NJ.com
open(urlwinnameoptions) newwin. The report said a year ago he orchestrated the sale of 51 percent of the company to another firm. Part of the agreement included him receiving $500000 in deferred compensation including a provision in the contract that said instead of him taking the money he could direct it to other employees — in this case every one of his firm’s workers.
Related from Freewheelintornados: Wal-Mart opens stores in Cedar Hills Hurricane adding 600 employees
500000 lost health insurance report says
San Francisco Chronicle
tmpl –>About 500000 working-age Californians have lost health insurance since the start of the recession and an additional 600ooo could lose theirs by 2012 even if the economy fully recovers according to a UC Berkeley report. html ——> Get Quote.
Even in Tough Economic Times New GEEK INSURANCE Technology …
FXBusiness
The new company is called GEEK INSURANCE and it specializes in unlimited support for home and small businesses technology. Geek Insurance covers computers televisions mobile devices game consoles and home entertainment equipment. It offers unlimited support through phone online chat and remote trouble-shooting. Its unique online ticket system allows customers to submit questions or needs 24 hours a day 7 days a week. The website is www.