Federal Reserve Board Chairman Ben Bernanke stressed Thursday that the central bank was “ready” to take further steps to stimulate the U.S. economy if growth turns out to be weaker than expected. “We are ready and we will act if the economy does not continue to improve — if we don’t see the kind of [...]
Archive > July 2010
Guardian Survey: Women More Likely than Men to Give Financial Assistance to others
A recent report, Benefits & Behavior: Spotlight on Group Disability and Critical Illness – Awareness & Opportunity, from The Guardian Life Insurance Company of America (Guardian), one of the largest mutual life insurers and a leading provider of employee benefits, reveals that women were more likely than men to give a loan to family members [...]
NAMIC CEO Responds to Signing of Dodd-Frank Act by President Obama
The National Association of Mutual Insurance Companies (NAMIC) responded to today’s signing of the Dodd-Frank Act by President Obama. “The signing of the Dodd-Frank Act into law represents the end of one challenge and the beginning of another,” said Charles M. Chamness, NAMIC president and chief executive officer. “For the past 20 months, we’ve worked [...]
Hilb Family Returns to Its Insurance Broker Roots
A well-known name in the world of insurance brokers has been resurrected with the birth of the Hilb Group. Robert H. Hilb, the former founder, chief executive officer and chairman of Hilb Rogal & Hobbs, and his son, Robert J. Hilb, a former corporate vice president of HRH, have launched the Hilb Group to pursue [...]
Health Insurance Mandate Meets Reality
The debate over health care reform has been mostly a theoretical affair, complex, abstract and full of predictions that contradict one another. Amid this ambiguity, one fact is unequivocal and unprecedented. Under Section 1501 of the Patient Protection and Affordable Care Act, every American will be compelled to purchase health insurance, or else – the [...]
With Retirement Funds Draining, Lifestyle Downgrades Ahead
BOSTON _ If you’re a baby boomer, the odds are high you’ll exhaust your retirement savings after 10 or 20 years of retirement, according to the latest Retirement Readiness Rating report released last week by the Employee Benefit Research Institute. Nearly half of older boomers _ those now aged 56 to 62 _ and some [...]
Extension of AXA APH Proposal
PARIS, July 18 /PRNewswire-FirstCall/ — AXA, AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) have agreed to extend the period for NAB to satisfy the concerns raised by the Australian Competition and Consumer Commission (ACCC) until the end of the day on August 31, 2010. On April 19, 2010 the [...]
AP Business NewsBrief at 9:00 p.m. EDT
Less-confident consumers could stall recovery WASHINGTON (AP) _ Consumers are having second thoughts about the recovery. Shoppers are losing confidence, becoming more concerned about low pay and a weak job market than about bargains. And their worries are threatening to drag down the economy. BP, scientists try to make sense of well puzzle NEW ORLEANS [...]
About Family Health Insurance Coverage
Family health insurance is basically just individual health insurance that is adapted to include all the members of a family. The kind of family health insurance you will need depends on your family’s individual needs and you should consider a number of factors when choosing a plan. The price of family health insurance will generally [...]
Court Tosses Rule 151A
A U.S. Court of Appeals threw out the Securities and Exchange Commission’s Rule 151A, leaving indexed annuities under state regulation as an insurance product rather than under the SEC’s oversight as a security. The District of Columbia Circuit Court of Appeals ruled that the SEC failed to analyze the rule’s impact on the indexed annuity [...]
Hilb brand revived in middle-market insurance broker
GLEN ALLEN, Va.—A founder of Hilb Rogal & Hobbs Co. has launched a new middle-market insurance brokerage and aims to be a dominant East Coast player through an aggressive growth-by-acquisition strategy, its president and CEO said Tuesday. The Hilb Group L.L.C. is being be led by HRH founder Robert H. Hilb and his son, former [...]
Travel Insurace – Travel insurance – Leading the UK in online insurance
If you’ve found yourself a great deal on a holiday don’t pay over the top for your travel insurace. TravelInsurance.co.uk is one provider that offers policies which include cover for under 18s for free and which also cover over 40 adventure sports automatically. Plus their annual policies offer great value as they include winter sports [...]
