Insurance News

Posts Tagged ‘Businesses

The House has passed legislation that would permanently extend this year’s estate tax rates and exemptions, but the Senate may not act on the bill before Jan. 1.

If an estate tax bill isn’t enacted by then, the federal tax on inherited assets would go away in 2010. The tax, however, would be scheduled to return in 2011 at much higher rates and lower exemptions.

Everyone agrees that doesn’t make sense, but that’s the situation Congress Read the rest of this entry »

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The House has passed legislation that would permanently extend this year’s estate tax rates and exemptions, but the Senate may not act on the bill before Jan. 1.

If an estate tax bill isn’t enacted by then, the federal tax on inherited assets would go away in 2010. The tax, however, would be scheduled to return in 2011 at much higher rates and lower exemptions.

Everyone agrees that doesn’t make sense, but that’s the situation Congress Read the rest of this entry »

NEW YORK ?The insurance industry was the second most fraud-prone industry sector behind communications according to a global economic crime survey released yesterday by PricewaterhouseCoopers.

In a massive wide-ranging report based on information from 3,037 respondents, the consulting firm also found that companies in their efforts to head off crime have more than tripled their use of fraud risk management.

At a news conference Read the rest of this entry »

AUSTIN, Texas (AP) — Hundreds of businesses that provided transportation, portable toilets and other assistance after Hurricane Ike are still waiting to be paid six months after the storm, the result of a $134 million dispute between Texas and the federal government.

Small businesses around the country are struggling because of the delay, and many of them say next time a hurricane threatens the Texas Gulf Coast, they might be reluctant Read the rest of this entry »

AUSTIN, Texas (AP) — Hundreds of businesses that provided transportation, portable toilets and other assistance after Hurricane Ike are still waiting to be paid six months after the storm, the result of a $134 million dispute between Texas and the federal government.

Small businesses around the country are struggling because of the delay, and many of them say next time a hurricane threatens the Texas Gulf Coast, they might be reluctant Read the rest of this entry »

AUSTIN, Texas (AP) — Hundreds of businesses that provided transportation, portable toilets and other assistance after Hurricane Ike are still waiting to be paid six months after the storm, the result of a $134 million dispute between Texas and the federal government.

Small businesses around the country are struggling because of the delay, and many of them say next time a hurricane threatens the Texas Gulf Coast, they might be reluctant Read the rest of this entry »

The effects of the financial crisis of 2008 are winding their way through the property and casualty insurance markets. With this, the economy?s impact on the availability and cost of coverage is beginning to emerge. All indications are that it is time to prepare for another hard insurance market.

Insurers rely on their surplus to underwrite new business. Surplus is the amount of capital they maintain in excess of the reserves they Read the rest of this entry »