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seven7s

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seven7s

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MBIA Inc. (MBI) (MBI)’s 2009 restructuring was approved by New York regulators because it protected all policyholders, including the banks challenging the decision, a lawyer for the bond insurer told a trial judge. Banks suing MBIA can’t ...
May 24, 2012 at 14:03 | Source: Businessweek
Missouri health insurance companies could owe policyholders millions of dollars in rebates this year under new provisions of the federal health care reform law, according to a new study. Consumers Union, affiliated with Consumer Reports, and the ...
May 24, 2012 at 19:47 | Source: The Business Journal
(Reuters) - Wisconsin's insurance commissioner on Wednesday said he asked a state judge for permission to pay out about $800 million to policyholders of a unit of bankrupt bond insurer Ambac Financial Group Inc. Theodore Nickel, the insurance ...
May 16, 2012 at 22:34 | Source: Reuters
I was appalled to read the comments made by the spokesperson for Citizens Insurance that the law passed in 2009 capping insurance rates may only apply to existing customers. To put this into context, let’s go back to why this law was passed in ...
May 19, 2012 at 23:56 | Source: Miami Herald
Coverys member company Medical Professional Mutual Insurance Company (“ProMutual”) is pleased to announce that its Board of Directors has declared a seven and a half percent dividend for most physician and surgeon policyholders in Massachusetts.
May 21, 2012 at 21:38 | Source: YAHOO!
MetLife, Inc. (NYSE: MET) announced that four of its life insurance subsidiaries (Metropolitan Life Insurance Company, MetLife Investors USA Insurance Company, New England Life Insurance Company, and General American Life Insurance Company), approved an ...
May 16, 2012 at 14:41 | Source: StreetInsider.com
Bank of America and Societe Generale claim that, as MBIA policyholders, they were harmed when MBIA split its troubled mortgage-debt insurance business from its traditional municipal-bond insurance business. Some $5 billion was moved to the ...
May 24, 2012 at 20:44 | Source: Reuters UK
From 2010 to last year, $668,000 was paid from a Government fund to assist Bermuda policyholders of British American Insurance Company. According to financial statements for the Government Reserves Fund, the money was paid to provide “a short ...
May 21, 2012 at 11:58 | Source: the Royal Gazette
Senator Mark C. Montigny, a New Bedford Democrat, would give policyholders at mutual insurers a chance to vote on executive compensation, similar to the “say on pay” votes by stockholders of public companies, which was mandated by the Dodd ...
May 23, 2012 at 06:40 | Source: Boston Globe
THE Court of Appeal has upheld the decision of a High Court judge who ruled that a group of CLICO policyholders were not entitled to pre-emptive and interim costs to pursue their legal challenge of the bailout plan offered to them by Finance Minister ...
May 17, 2012 at 21:49 | Source: Trinidad Express