Spercus

Dead soldiers’ parents sue insurer over benefits (AP)

Green Energy — Mon, 30 Aug 2010 22:00:04 +0000

AP – The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself.

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Dead soldiers’ parents sue insurer over benefits (AP) was first posted on August 31, 2010 at 8:00 am.
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Safety, cover in focus after huge egg recall

Green Energy — Mon, 30 Aug 2010 22:00:04 +0000

GALT, Iowa—The recall of half a billion eggs tainted by salmonella linked to chicken feed likely will cost hundreds of millions of dollars and ignite further debate over whether food producers should buy product recall insurance, experts say.

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Safety, cover in focus after huge egg recall was first posted on August 31, 2010 at 8:00 am.
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Insurer says Texas financier must pay legal bills (AP)

Green Energy — Wed, 25 Aug 2010 22:00:06 +0000

AP – Jailed Texas financier R. Allen Stanford and two of his former company executives — accused of bilking investors out of $7 billion in a massive Ponzi scheme — lied to investors and falsified financial statements, disqualifying them from having their legal bills paid for by an insurance policy, attorneys representing the insurer told a federal judge on Tuesday.

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Insurer says Texas financier must pay legal bills (AP) was first posted on August 26, 2010 at 8:00 am.
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Appeals court OKs big bid-rigging suit

Green Energy — Wed, 25 Aug 2010 22:00:05 +0000

PHILADELPHIA—A federal appeals court ruling last week opens the door to some elements of antitrust and racketeering litigation, which is aimed at dozens of brokers and insurers who allegedly participated in a bid-rigging scheme, to move to trial.

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Appeals court OKs big bid-rigging suit was first posted on August 26, 2010 at 8:00 am.
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Insurer Aegon strikes deal to repay state aid (AP)

Green Energy — Fri, 20 Aug 2010 22:00:02 +0000

AP – Insurer Aegon NV said Tuesday it has reached a deal with European Union regulators on repaying euro2 billion ($2.56 billion) in support it received from the Dutch government at the height of the 2008 financial crisis.

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Insurer Aegon strikes deal to repay state aid (AP) was first posted on August 21, 2010 at 8:00 am.
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Correction: WellPoint notes story (AP)

Green Energy — Sun, 15 Aug 2010 22:00:08 +0000

AP – In a headline and story Aug. 12 about WellPoint Inc., The Associated Press erroneously reported the total amount of senior notes sold by the health insurer. WellPoint’s senior notes totaled $1 billion, not $100 million.

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Correction: WellPoint notes story (AP) was first posted on August 16, 2010 at 8:00 am.
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VCIA honors captive contributions

Green Energy — Sun, 15 Aug 2010 22:00:08 +0000

BURLINGTON, Vt.—The Vermont Captive Insurance Assn.

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VCIA honors captive contributions was first posted on August 16, 2010 at 8:00 am.
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Ambac Financial in bankruptcy talks; shares plunge (AP)

Green Energy — Tue, 10 Aug 2010 22:00:04 +0000

AP – The beaten-down shares of Ambac Financial Group Inc. took another pounding Tuesday after the bond insurer said it is negotiating a bankruptcy deal.

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Ambac Financial in bankruptcy talks; shares plunge (AP) was first posted on August 11, 2010 at 8:00 am.
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Financial reforms up retaliation risk

Green Energy — Tue, 10 Aug 2010 22:00:04 +0000

The Dodd-Frank Wall Street Reform and Consumer Protection Act, the financial services reform bill signed into law by President Barack Obama last month, significantly expands the opportunities for employees to file retaliation claims against their firms…

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Financial reforms up retaliation risk was first posted on August 11, 2010 at 8:00 am.
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Health insurer 2Q profits boosted by past quarters (AP)

Green Energy — Thu, 05 Aug 2010 22:00:04 +0000

AP – The biggest publicly-traded health insurers all saw sizable gains in their second-quarter net income in part because claims from previous quarters came in lower than they expected.

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Health insurer 2Q profits boosted by past quarters (AP) was first posted on August 6, 2010 at 8:00 am.
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