The News Review:
- Banks Use Life Insurance to Fund Bonuses
- Breakingviews.com AIG’s ffering May Be Tough Sell
- Allstate Insurance looks to enter Massachusetts
- Annuity life insurance policy purchaser JG Wentworth files for …
- Beer tax on tap for health care?
Banks Use Life Insurance to Fund Bonuses
Wall Street Journal
SCHULTZ Banks are using a little-known tactic to help pay bonuses deferred pay and pensions they owe executives: They’re holding life-insurance policies on hundreds of thousands of their workers with themselves as the beneficiaries. Banks took out much of this life insurance during the mortgage bubble when executives’ pay — and the IUs for their deferred compensation — surged and banking regulators affirmed the use of life insurance as a way to finance executive pay and benefits.
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Breakingviews.com AIG’s ffering May Be Tough Sell
New York Times
was on the block with a valuation of about $20 billion. That was approximately equal to its embedded value a forward-looking benchmark for insurance valuation. Trade bidders including Prudential of Britain and Manulife of Canada failed to hit the desired price.
Allstate Insurance looks to enter Massachusetts
Boston Globe
com Allstate Insurance Co. the nation’s second largest auto insurer announced plans today to re-enter the Massachusetts auto insurance market. globebusiness May 18 2009–>.
Annuity life insurance policy purchaser JG Wentworth files for …
Bizjournals.com
a financial services firm specializing in purchasing structured settlements annuities and life insurance policies filed for Chapter 11 bankruptcy protection Tuesday with hopes to reorganize. -based company filed for bankruptcy in the U. Bankruptcy Court in Delaware.
Beer tax on tap for health care?
The Associated Press
Details of the proposed beer tax are described in a Senate Finance Committee document distributed to lawmakers in advance of a closed-door meeting Wednesday. Senators are focusing on how to pay for expanding health insurance for an estimated 50 million uninsured Americans a cost that could range to some $1. 5 trillion over 10 years. You can’t raise that from beer money alone.