Insurance News

Posts Tagged ‘small

The Internal Revenue Service has updated its Web site to provide information to small employers regarding the new tax credit for providing health coverage.

The new Web pages include a graphic to help employers quickly determine if they qualify for the credit; scenarios that explain how much certain businesses and exempt organizations would benefit from the credit; tax tips on taking the credit, and a set of questions and answers.

The IRS Read the rest of this entry »

NEW YORK ? Small business owners are getting some reminders this month that the forces of nature can threaten a company’s survival. And that they need to be sure their businesses are well protected against a variety of disasters.

A storm in the Northeast caused flood and wind damage and left thousands of businesses without power. Meanwhile, residents of the Upper Midwest prepared for the possibility that the Red River would spill over Read the rest of this entry »

Although making acquisitions is a prudent strategy for forward-thinking surplus lines insurance executives seeking to build their organizations, potential sellers are unlikely to agree to lower the deal prices offered, experts recently warned.

The interplay between thoughtful buyers looking to diversify existing platforms in a tough market and stubborn sellers could fuel hostile takeover attempts, predicted Stephen Way, managing director Read the rest of this entry »

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 »

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 »

Investment returns are likely to be better in the second quarter than in the first, and weather-related catastrophe losses are “just a bit above the typical second-quarter’s result,” estimated Edward Shields of Sandler O’Neill & Partners. He expects “a fairly positive” second quarter except possibly in one area – the amount of favorable reserve releases insurers report, which Shields expects to diminish throughout the rest of the year. Reserve Read the rest of this entry »

WASHINGTON – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama.

Aimed at preventing a repeat of the worst economic crisis in seven decades, the changes would begin to reverse a determined campaign pressed in the 1980s by President Ronald Reagan to Read the rest of this entry »

President Obama’s push to force Americans into smaller cars ignores one big problem — small cars are less safe than big cars. Ignoring this fact will cost lives.

Mr. Obama announced new miles-per-gallon regulations on May 19 that mandate that automobiles achieve 42 mpg by 2016. During last year’s presidential campaign, Mr. Obama’s Web site boasted that his positions on fuel economy were “science-based.” Rep. Henry A. Waxman, California 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 »