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Sanderson State Bank of Sanderson, Texas fails: 25th of year
SAN FRANCISCO (MarketWatch) -- The Federal Deposit Insurance Corporation said late Friday that the Sanderson State Bank of Sanderson, Texas, was closed by the Texas Department of Banking, making it the 25th U.S. bank failure of the year. The Pecos County State Bank of Fort Stockton, Texas, will assume all of Sanderson's deposits. As of Dec. 3, Sanderson had total assets of $37 million and total deposits of $27.9 million. Pecos County State Bank will assume all of the deposits for a 0.55% premium, and buy $3.8 million of assets, with the option to buy owned premises and equipment. It was the second bank failure announced by the FDIC on Friday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com

Workers` comp insurers win case
PHOENIX - A court ruling will keep costs down for workers' compensation insurance companies - and, by extension, the firms that get their coverage through them.
Arizona Daily Star

Lebanon seeks fresh maid influx
Lebanon urges the Philippines to lift a travel ban for domestic workers to help relieve a shortage of maids.
BBC

Judge rules against State Farm insurance rate increase
State Farm's efforts to raise its homeowners insurance rates an average 47.
homeinsurancepower.com

Mortgages: A Possible Drag on Bank Lending
A proposal from the Federal Deposit Insurance Corporation could make it harder to get a mortgage from small community banks.
The New York Times

Edgewood Partners Insurance Cetner Acquires Complete Insurance Services
In an expansion of its California operations, E.P.I.C (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, recently acquired Complete ...
Insurancejournal.com

AIG - Is Our Auto Insurance, Life Insurance, Health Insurance and Title Insurance at Risk?
Will the bailout make our auto insurance, life insurance, health insurance and title insurance safe enough for us to sleep easier at night. Here is my opinion on why the bailout was needed.
E-Zine

What You Should Know Regarding Apartment Building Insurance
Apartment building insurance differs from average home insurance in that not only will you have to put a policy on the structure and all of its essential components but also you must be insured against any liabilities from the tenants who will be letting it. The liability insurance policy would of course include insurance to address any direct costs received from someone being injured, (hospital charges etc.) but also any judicial fees that can be received from litigating any harms or injuries that might occur on the premises.
ezinearticles.com

Is Buying Mortgage Unemployment Insurance a Smart Move?
Mortgage unemployment insurance is a financial product that is becoming more and more common. In fact, it is built into many mortgages as an added feature and the premium is factored into the monthly premium homeowners pay. Whether it is built-in to your mortgage or you have a separate policy, it is a very wise financial move and it is especially important to understand how these 2 types of insurance work as they are actually quite different.
E-Zine

Mortgage Payment Protection Insurance - What You Need to Know
Illness and death are the natural progression of life. Everyone experiences both at some point, and for some it can be a time of financial trials and for others, those that were prepared, those times can be free of financial worries.
E-Zine

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