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Posts Tagged ‘face

California?s Insurance Commissioner said next month he will take regulatory steps against insurers with investments in firms with Iranian connections that could lower their capital and surplus levels.

The move by Commissioner Steve Poizner, which could possibly hurt company financial-strength ratings, came as surprise to an insurers group, which stressed that no insurers have broken any state or federal laws and none have any direct Read the rest of this entry »

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For American hospitals, “the cost of doing nothing in Washington translates into tens of billions of dollars each year in medical bills that go unpaid by patients with little or no insurance,” The New York Times reports. “Nationwide, the cost of unpaid care for hospitals, which includes charity care as well as money that could not be collected from patients, was around $36 billion in 2008. It is expected to spiral higher.” Some hospitals, such Read the rest of this entry »

NEW YORK, May 27 (Reuters) – U.S. mortgage insurers remain on track for a difficult second half with operating results across the sector likely to be a lot weaker than expected, Standard & Poor’s said on Wednesday.

The agency downgraded the sector in April, cutting some companies’ ratings by several notches, citing an expected spike in the jobless rate and rise in delinquent loans.

With delinquencies running at a higher-than-expected Read the rest of this entry »

Residents of urban settings generally get hit with higher automobile insurance premiums and now some lawmakers want to mitigate what they consider an unfair practice.

But the insurance industry maintains that changing the current underwriting formula would be unfair to policy holders who live in low-risk areas.

The contention is resulting with insurance industry lobbyists mounting an attack against a proposed state bill that would Read the rest of this entry »

Residents of urban settings generally get hit with higher automobile insurance premiums and now some lawmakers want to mitigate what they consider an unfair practice.

But the insurance industry maintains that changing the current underwriting formula would be unfair to policy holders who live in low-risk areas.

The contention is resulting with insurance industry lobbyists mounting an attack against a proposed state bill that would Read the rest of this entry »

Residents of urban settings generally get hit with higher automobile insurance premiums and now some lawmakers want to mitigate what they consider an unfair practice.

But the insurance industry maintains that changing the current underwriting formula would be unfair to policy holders who live in low-risk areas.

The contention is resulting with insurance industry lobbyists mounting an attack against a proposed state bill that would Read the rest of this entry »

Residents of urban settings generally get hit with higher automobile insurance premiums and now some lawmakers want to mitigate what they consider an unfair practice.

But the insurance industry maintains that changing the current underwriting formula would be unfair to policy holders who live in low-risk areas.

The contention is resulting with insurance industry lobbyists mounting an attack against a proposed state bill that would Read the rest of this entry »