Financial News Wire

DUBAI SETS UP $5 BILLION BONDS PLAN AFTER YIELDS SINK TO LOW

Dubai Sets Up Billion Bonds Plan After Yields Sink to Low Dubai set up a billion bond program to help bridge its budget deficit and fund investments as yields fell to the lowest in at least two years this month. Read more on BusinessWeek From Model T to Flex In June, 1921, Theodore Robins opened [...]

FITCH RELEASES SPECIAL REPORT: ‘CHILEAN P&C INSURANCE INDUSTRY: A YEAR AFTER THE CATASTROPHE’

Fitch Releases Special Report: ‘Chilean P&C Insurance Industry: A Year After the Catastrophe’ In Fitch Rating’s view, since the earthquake and tsunami that struck the central-southern zone of Chile on Feb. 27, 2010, the impact on the local property & casualty insurance industry’s profitability has been evolving according to the parameters initially assumed by the [...]

INSURER COVERING BABY’S SURGERY AFTER IND. DENIAL

Insurer covering baby’s surgery after Ind. denial An Indiana insurance company states it will pay for an experimental procedure for a sick infant after the state’s Medicaid program denied coverage. Read more on The Argus-Press AIG takes step to pay off bailout Bailed-out insurance conglomerate American International Group Inc. is taking a key step toward [...]

INSURANCE DISASTER HOTLINE ACTIVATED AFTER STORM

Insurance Disaster Hotline activated after storm Local politicians spoke with the media and their constituents in the dilapidated MacDonald Park in Forest Hills on Friday, September 17 – a day after a major storm uprooted trees and caused millions of dollars in damaged property all over Queens. Read more on Queens Courier Insurance comparison sites [...]

INSURANCE DISASTER HOTLINE ACTIVATED AFTER STORM

Insurance Disaster Hotline activated after storm Local politicians spoke with the media and their constituents in the dilapidated MacDonald Park in Forest Hills on Friday, September 17 – a day after a major storm uprooted trees and caused millions of dollars in damaged property all over Queens. Read more on Queens Courier HealthMarkets Appoints Insurance [...]

RUSSIA NEEDS MANDATORY INSURANCE AFTER FIRES-KREMLIN

Russia needs mandatory insurance after fires-Kremlin Source: Reuters VORONEZH, Russia, Sept 6 (Reuters) – Russia should think about reintroducing mandatory fire insurance for homes after the say had to spend millions of dollars rebuilding houses destroyed by wildfires, … Read more on AlertNet Insurance agent to refund K Miss. farmers JACKSON, Miss. (AP) – Mississippi [...]

FIVE YEARS AFTER HURRICANE KATRINA, HOME INSURANCE PRICES REMAIN ASTRONOMICAL

Five years after Hurricane Katrina, home insurance prices remain astronomical For Denise Heston, the post-Hurricane Katrina insurance market has proved to be as turbulent as the storm itself. Michael DeMocker/The Times-PicayuneDenise Heston has struggled to find reasonably priced homeowners insurance in the years since Hurricane Katrina. Heston, who works for… Read more on New Orleans [...]