The News Review:
- Fortis 1H Net Down Post Breakup; Insurance Net -29%
- China Life Insurance Profit Rises Due to Gains on Holdings
- Poizner reports increase in suspected auto insurance fraud
- First Commercial Insurance Co. placed in receivership
- A Reading List on Insurance Choice
- Kennedy’s dream is our inspiration
- > Ezra Klein
Fortis 1H Net Down Post Breakup; Insurance Net -29%
Wall Street Journal
The result includes the impact of the closing of the deal between BNP Paribas (BNP. FR) the Belgian state and Fortis Bank and so is distorted by numerous one-time elements. These included a EUR697 million capital gain from the sale of 25% of Fortis Insurance Belgium to.
China Life Insurance Profit Rises Due to Gains on Holdings
Wall Street Journal
–>China Life Insurance Profit Rises Due to Gains on Holdings ArticleCommentsBY ARIES PN AND JY C. SHAW SHANGHAI — China Life Insurance Co. the country’s largest life insurer by premiums said first-half net profit rose 29% from a year earlier due to gains in the value of its securities holdings. Net profit for the six months ended June 30 rose to 13. 92 billion yuan ($2. 04 billion) from 10.
Related from Yolog: Japan’s Banks Post Some Profit Gains; MUFG +48%
Poizner reports increase in suspected auto insurance fraud
Bizjournals.com
us Digg This The number of suspected fraudulent cases of auto arson and theft has increased during the recession state Insurance Commissioner Steve Poizner said Wednesday. The California Department of Insurance received 31 percent more referrals for suspected vehicle arson fraud cases last year than in 2007 a news release said. The total increased to 451 cases in 2008 from 344 in 2007. The Department also received about 200 more suspected vehicle theft fraud case referrals last year than the year before. Insurance regulators receive referrals of suspected fraud from consumers law enforcement and insurance companies.
First Commercial Insurance Co. placed in receivership
Bizjournals.com
us Digg This A Leon County Circuit Court judge has ordered Miami-based First Commercial Insurance Co. and its wholly owned subsidiary.
A Reading List on Insurance Choice
New York Times
Jonathan Cohn of The New Republic. Healthy people might end up aggregating in one place leaving all the unhealthy people in the other; the resulting imbalance would mean really cheap coverage for the healthy but really expensive coverage for the unhealthy.
Kennedy’s dream is our inspiration
Chicago Sun-Times
At the time Kennedy had been diagnosed with a malignant brain tumor and — in his words — was receiving the “best medical care that money [and a good insurance policy] can buy. Still he understood that many Americans neither have the money nor the good insurance policy and that the lack thereof could mean the difference between life and death. “Every American should be able to get the same treatment that U. senators are entitled to” Kennedy wrote. To make this point Kennedy got out of his sick bed to travel to Denver Colo.
> Ezra Klein
Washington Post
When he tried to reach a deal with Richard Nixon in the ’70s. When he made it the center of his challenge to Jimmy Carter in the ’80s. When he created the Children’s Health Insurance Program in the ’90s. When he directed his staff to begin educating senators and stakeholders for President bama’s effort late last year. There is an impulse to honor the dead by erasing the sharp edges of their life. To ensure they belong to all of us and in doing deprive them of the dignity conferred by their actual choices their lonely stands and their long work. But Ted Kennedy didn’t belong to all of us.