Posts Tagged ‘Insurance’

Even After Changing Policies, Some Consumers May Get A Rebate

Are the health insurance rebates that some insurers must pay their members under the health law owed only to those currently covered by a policy, or are they retroactive? My son was covered until March 2012 by a policy he purchased himself. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

California Races To Enroll Uninsured

Peter Lee, charged with creating California’s online state insurance market, says his goal is to make shopping for health insurance as easy “as buying a book on Amazon or shoes on Zappos.” Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Justices Uphold Individual Mandate, Set Limits On Medicaid Expansion

The U.S. Supreme Court today upheld the landmark federal health law, affirming its mandate that nearly all Americans carry coverage and retaining sweeping changes to the health industry. Chief Justice John Roberts Jr. joined the liberals on the court in upholding the mandate, deciding the penalty for not carrying insurance is a tax and therefore […]

South Korea forced to stop Iranian oil imports starting July 1

In the wake of European Union’s decision to ban insurance on Iranian oil shipments from July 1, South Korea said that it is forced to stop importing Iranian oil from Sunday. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

U.S. Treasury should make $15 billion profit on AIG bailout

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The U.S. government will likely make a $ 15.1 billion profit from bailing out insurance giant American International Group Inc., according to a congressional watchdog panel’s report. The Government Accountability Office report came out on Monday. The GAO said the size of the […]

HSBC offloads general insurance business to AXA and QBE

Banking giant HSBC announced plans to sell its general insurance businesses in Asia and Latin America. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

U.S. insurance giant AIG has profit boosted by tax benefit

American International Group Inc. reported a profit of $ 19.8 billion for the fourth quarter of 2011, which was made possible by a large tax benefit the bailed-out insurer had after predicting it can keep generating profits in coming years. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Premier Community Bank is year’s 91st failure

SAN FRANCISCO (MarketWatch) — Premier Community Bank of the Emerald Coast in Crestview, Fla., was closed by regulators Friday in the 91st bank failure of 2011, the Federal Deposit Insurance Corp. said. Summit Bank of Panama City, Fla., has agreed to purchase its assets will assume all deposits. Premier Community Bank had $126 million in […]

Fewer EI recipients but more claims

Fewer people were on employment insurance in October over the previous month, continuing a multi-year downward trend, but more people submitted benefit claims, Statistics Canada says. View full post on Canada Business Stories

Number of distressed U.S. banks declines

The Federal Deposit Insurance Corp. released its third quarter report on Tuesday that showed some fruitful signs of life for the troubled banking industry. View full post on Banking Stories