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E.g., 12/07/2019
E.g., 12/07/2019

BestWeek Reaffirms that Subprime Mess Will Affect D&O Market

August 27, 2007
As concern over losses in the U.S. subprimarket move from the boardroom to the courtroom, insurers who underwrite the liability of major financial institutions are preparing for a new rash of claims,...
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Mortgage Defaults and Debt Problems Biggest Immediate Threats to US Economy

August 27, 2007
According to the National Association for Business Economics survey, the combined risk of mortgage defaults and heavy debt loads has overtaken terrorism as the biggest short-term threat to the U.S....
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Willis Group and New York Officials Agree to Fee Plan

August 27, 2007
New York authorities and Willis Group Holdings Ltd. have reached an agreement allowing the brokerage to begin accepting certain fees from insurers in brokerage transaction. Willis can charge and accept...
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July Reflects Five-Month Downward Trend for Existing Home Sales

August 27, 2007
For the fifth straight month, sales of previously owned homes in the U.S. fell in July, contributing to the supply of unsold properties and reflecting a housing slump. According to the National...
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FEMA Rescinds Plan to Cut Deductible Aid to Non-Profit Organizations

August 27, 2007
On Thursday, FEMA (Federal Emergency Management Agency) decided to scarp plans that would have cut its financial assistance to public entities and certain non-profit organizations that sustain property...
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Genworth, Hartford, Chubb Among Insurers Whose Stocks Have Fallen

August 24, 2007
The subprime crisis has affected the insurance stocks of carriers such as Genworth, Chubb, Ace, Hartford and Allstate. Genworth has been hit the hardest and is down about 20% while shares of Hartford and...
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Florida Insurance Department’s Code of Ethics

August 24, 2007
After a state inspector general report found Florida Insurance Commissioner Kevin McCarty had inappropriately used state resources by forwarding one e-mail related to a political campaign but did not...
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States Look to Take the Subprime Mess into their Hands

August 24, 2007
Last week North Carolina governor signed into law legislation that would limit the ability of mortgage brokers to charge customers above-market rates and prepayment penalties and to protect subprime...
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Former Governor Urged to Back Enhanced Insurance Industry Competitiveness

August 24, 2007
Two former governors urged the National Governors Association to back federal legislation that would enhance the competitiveness of the insurance industry and deliver greater choice and efficiency for...
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