Archive for the ‘Finances’ Category

Penn Treaty Liquidation Sought By State Insurance Regulator (Bloomberg)

Oct. 2 (Bloomberg) — Penn Treaty Network American Insurance Co. , the provider of long-term care coverage to 120,000 customers, should be liquidated because the company may not have enough assets to pay obligations, Pennsylvania’s insurance regulator said.

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Is swine flu covered by travel insurance? (USA Today)

USA TODAY’s Laura Bly answers questions on whether travel insurance covers H1N1.

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Panel Easing Penalties for Those Without Insurance (New York Times)

The Senate Finance Committee moved to help people who would face financial burdens in buying even the cheapest insurance available.

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Insurance agencies combine (The Delaware Business Ledger)

Weymouth and Smith and Corroon & Associates, Wilmington, announced they have finalized their merger. The new company, which will operate under the name Weymouth, Swayze & Corroon Insurance Inc., will combine resources to become one of the region’s major insurance institutions.

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Texas QB McCoy buys large insurance policy (MSNBC)

Texas quarterback Colt McCoy reportedly has taken out an insurance policy worth between $3 million and $5 million to guard in the event of a career-ending injury.

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Regulatory plan includes federal insurance body (Business Insurance)

WASHINGTON—Supporters of a federal Office of National Insurance hope the Obama administration’s call for such an entity within its broader financial services regulatory reform proposal will help them realize their goal.

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Insurance money supporting grandstand, not ratepayers (Daily Liberal)

Insurance money is currently being used to prop up the Dubbo Showground grandstand.

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In Hawaii, health insurance paid by employers (Deseret News)

Hawaii’s decades-old law aimed at increasing health coverage by requiring companies to provide insurance to their workers has…

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Major fire leads to insurance dispute (San Antonio Express-News)

The owner of a two-story apartment complex that erupted in an inferno in January is in a legal battle with his insurance company over whether the building was covered.

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Politics Puts Insurance Regulators in a Bind (Washington Post)

In May 2005, a coalition of insurance companies hosted a fundraiser for Jim Poolman, the elected insurance commissioner of North Dakota, at a Washington restaurant called the Caucus Room.

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