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Jobless Can Expect COBRA Help
The final economic stimulus bill signed by President Barack Obama included a subsidy on COBRA health insurance coverage for laid off workers.
topix.net

Torrent Technologies Creates Insurance Subsidiary in Montana
Seattle-based Torrent Technologies Inc. has created a new subsidiary, Torrent Insurance Services LLC, to be based in Kalispell, Mont. In conjunction with TIS, the company has created another ...
Insurancejournal.com

Brown & Brown buys Indiana insurer
Brown & Brown Inc. said it is adding to its expertise in employee benefits with a subsidiary's acquisition of the assets of One Source Insurance Inc. (BRO)
bizjournals

Oregon Bill Could Drive Up Insurance Costs, Insurers Claim
The American Insurance Association (AIA), National Association of Mutual Insurance Companies (NAMIC) and Property Casualty Insurers Association of America (PCI) are reaching out to Oregon ...
Insurancejournal.com

As the government supplied fresh bailout funds to AIG, stocks explored 12-year lows
All eyes were on American International Group (AIG) this morning, as the beleaguered insurance firm reported a fourth-quarter loss of %2461.7 billion -- the largest quarterly loss on record for a U.S. corporation...(Read More)
Schaeffersresearch.com

Wall Street sell-off on more bailout news
WALL Street stocks dropped to fresh 12-year lows overnight on heightened fears about the financial sector after a new bailout announced for insurance giant AIG and big troubles for Britain's HSBC.
News.com

Dow Jones crashes after AIG wipe-out
Wall Street's Dow Jones index has closed below 7,000 points, its lowest level since 1997, after American insurance giant AIG announced massive losses for 2008. American International Group (AIG) post...
bignewsnetwork.com

Wall Street slumps to fresh low
WALL Street stocks dropped to 12-year lows on heightened fears about the financial sector after a new bailout announced for insurance giant AIG.
The Courier Mail

Stricken AIG reveals fourth quarter loss of $62bn
US insurance company AIG has today announced a fourth quarter loss of $61.7 billion - the largest corporate loss in US history. The second largest quarterly loss of $54 billion was announced by Time Warner in 2002 following its merger with AOL.AIG's loss is the equivalent of $678 million per day in the October to [...]
Finance Markets

The Perpetual Rescue of AIG, the Insurer That Was Too Big to Fail. - Washington Post: Editorials
THE COST to taxpayers of rescuing American International Group (AIG) keeps going up. In September, the insurance giant faced a sudden demand for collateral to back guarantees it had given on troubled mortgage-backed securities. Alarmed that AIG's liquidity crunch could turn into bankruptcy -- which could, in turn, lead to the meltdown of banks around the world -- the Federal Reserve supplied it an $85 billion line of credit. The terms were tough: a two-year deal at a stiff interest rate, in return for which the U.S. government got 79.9 percent of the company and installed new management. The idea was that AIG would sell its assets to repay the government, at which point Uncle Sam would cheerfully retreat from the insurance business.
NewsRack

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