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Daily NewsFlash : May 08, 2012


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Tuesday, May 08, 2012

Study: Higher Health Deductibles May Save Billions

Health DeductiblesHealth-insurance plans with higher deductibles, increasingly popular among consumers, could save the medical system billions in costs if they were widely enacted, a study released Monday shows.

The report from Rand Corp., the Santa Monica, Calif.-based think tank, says if half ... Read More


Flood Insurance Lobby Storms the Hill

Congress Flood InsuranceA large contingent of trade and environmental groups and companies is planning to "flood the Hill" as part of a campaign to lobby Congress to take up flood reinsurance legislation before the end of the year.

The American Insurance Association, the Reinsurance Association of... Read More



U.S. Profit From AIG Rescue: $15.1 Billion

The U.S. government may wind up posting a profit of more than $15 billion from the rescue of American International Group Inc. (AIG), according to an independent projection released Monday. Read More

CRC, Crump Insurance Services and R-T Specialty Reach Global Confidential Settlement Agreement

CRC Insurance Services Inc., Crump Insurance Services Inc., and R-T Specialty LLC jointly announced today that the parties have resolved all existing disputes between them in a global, confidential... Read More

Genworth to Cut Mortgage-Insurance Rates

Mortgage Rate CutsGenworth Financial Inc.'s U.S. mortgage-insurance unit will reduce pricing and expand underwriting guidelines that will allow more borrowers with less than a 20% down payment to qualify for conventional mortgage loans.

Under its expanded guidelines, Genworth now will accept a minimum Fair... Read More


Axis Insurance Services, LLC, Announces Company Growth: Executive Promotions & New Hires

AXIS INSURANCEAxis Insurance Services, LLC announced on Monday it has achieved a new level of company growth with the promotions of Ms. Justina Confer, Ms. Heather Verdui and the hiring of Ms. Tania Enders.

“As our company continues to achieve success, it creates a need for good people. It has been our policy to ... Read More

Munich Re Starts Year with First-Quarter Profit of More than $1 Billion

 

Munich ReIn the first quarter of 2012, Munich Re achieved a consolidated profit of 782m euros ($1.02 billion). Last year, during the same period last year the insurer had  a net loss of -948m euros.

Underwriting business performed well in the first quarter and the investment result showed a marked im... Read More

Black White Associates of Louisville Joins with Stoermer Insurance Services

Effective May 1, 2012, Black/White has joined hands with their good friends at Stoermer Insurance Services located in Dayton Ohio. Al and Ed Stoermer are the owners of the agency, which has been in... Read More



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