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Three more banks failCNNMoney.com - David EllisSilverton Bank closes, costing the Deposit Insurance Fund an estimated $1.4 billion. Smaller New Jersey and Utah banks also shutter. By Catherine Clifford, CNNMoney.com staff writer After a strong April, how will the major stock indexes fare in May? …Banks in Georgia, NJ, Utah shut by regulators The Associated PressUS [...]
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Citizens insurance hikes win approval in Florida LegislatureMiamiHerald.com, FL - Shannon Colavecchio, Steve BousquetBY SHANNON COLAVECCHIO TALLAHASSEE — Lawmakers on Friday agreed to let Citizens Insurance premiums rise by a maximum of 10 percent each year — capping off an intense week of lobbying and negotiations between the House and Senate. …So what next for property insurance controversy? Florida [...]
Heads Of Insurance Cos Criticize Use Of TARP Funds For IndusWall Street Journal - Darrell A. HughesBy Darrell A. Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)–Chief executives of the US property-casualty insurance sector rejected proposals for the industry to receive federal bailout funds, a stark contrast to lobbying efforts by life …
In earnings news, MasterCard Inc.’s first-quarter revenue fell short of expectations and two major insurance companies posted losses for the first quarter. But reports from manufacturer Manitowoc Co. and computer security software maker McAfee Inc …
More news from your region … County Administrator David Hamilton authorized the payment, disregarding the determination of the county’s own insurance …
WASHINGTON – Full transcript of President Barack Obama’s prime-time news conference on Wednesday: OBAMA: Please, be seated … We passed a law to provide and protect health insurance for 11 million American children whose parents work full time. And we …