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Blues offering agents incentive - The Detroit News
©2008 Google Blues offering agents incentive The Detroit News, MI Blue Cross Blue Shield of Michigan is offering commissions of up to 20 percent to insurance agents who enroll consumers 'with no major ongoing health conditions' in a new line of individual insurance plans set to launch March 30. ...
HealthcareInsuranceRadar.com

OneWest completes acquisition of Indymac Assets
NEW YORK, March 19 (Reuters) - OneWest Bank Group LLC, athrift holding company, on Thursday announced OneWest Bank'scompletion of the acquisition of the banking operations ofIndyMac Federal Bank from the Federal Deposit InsuranceCorporation.
Reuters

House OKs Tax on Fat Bonuses for AIG, Other Bailed-Out Companies
Denouncing a 'squandering of the people's money,' lawmakers voted Thursday to impose a 90 percent tax on millions of dollars in employee bonuses paid by troubled insurance giant AIG and other bailed-out companies. In some cases the bonuses might be taxed 100 percent, leaving recipients with nothing. It was only this past weekend that the bailed-out insurance giant paid bonuses totaling $165 million to employees, including traders in the Financial Products unit that nearly brought about AIG's collapse.
Law

Geithner defends bonus action
Treasury Secretary Tim Geithner told CNN Thursday that his department, concerned that language about bonuses would not hold up to a court challenge, asked Sen. Chris Dodd to include an executive pay provision in the stimulus bill. The loophole allowed bailed-out insurance giant American International Group to pay out $165 million in bonuses.
CNN

AIG Credit Swapper Under Investigation
In simplest terms, reports CBS News correspondent Elizabeth Palmer, Joseph Cassano sold big banks and brokerage firms insurance against their investments dropping in value. Now he, and those deals, are being blamed for AIG's collapse.
CBS News

North Carolina Legislation to Freeze Rates Would Risk Availability of Homeowners’ Insurance Throughout the Entire State, NAMIC Says
INDIANAPOLIS (March 19, 2009) – A proposal to hold down homeowners’ insurance rates in North Carolina would harm rather than help insurance consumers, according to the National Association of Mutual insurance companies (NAMIC). The North Carolina House Insurance Committee today is hearing testimony on a proposal to freeze homeowners’ insurance ...
Insurance Headlines

Follow AIG money, not bonuses - Spitzer
Outrage over bailed-out insurance giant American International Group's million-dollar bonuses may grab headlines, but its payouts on complicated financial instruments deserve closer examination, ex-New York Gov. Eliot Spitzer said Thursday.
CNN

F.D.I.C. Chief Urges Changes in Financial Oversi
WASHINGTON (AP) The head of the Federal Deposit Insurance Corporation said Thursday that the government’s strategy in the financial crisis of bailing out huge institutions deemed “too big to fail” must be replaced by ...
Insurance Headlines

Q and A on health insurance issues
Submitted by SHNS on Wed, 03/18/2009 - 12:05. A federal law known as COBRA requires most employers to let employees who quit or get laid off stay in their group health plan, at their own expense, for up to 18 months.
Topix.net

House passes bill taxing AIG and other bonuses
WASHINGTON (AP) -- Denouncing a 'squandering of the people's money,' lawmakers voted decisively Thursday to impose a 90 percent tax on millions of dollars in employee bonuses paid by troubled insurance giant AIG and other bailed-out companies. The House vote was 328-93. Similar legislation has been introduced in the Senate and President Barack Obama quickly signaled general support for the concept....
The Arizona Republic

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