September, 2007
WASHINGTON?The Bush administration prefers a mental health benefits parity bill that won Senate approval last week to a more expansive measure approved by the House Ways and Means Committee, according to letter sent to two of the Senate bill?s co-sponsors by a pair of cabinet secretaries. Labor...
NEW YORK (Reuters)?Wal-Mart Stores Inc. said Thursday it has added more medicine to its $4 prescription program, including certain new generic drugs, as part of its push to expand its health and wellness services. The world's largest retailer said it will make available for $4 drugs to treat...
WASHINGTON (Reuters)?The U.S. Securities and Exchange Commission is investigating whether issuers and underwriters of subprime mortgages unduly influenced credit-rating services, the agency?s head told a Senate panel on Wednesday. Credit rating agencies like Moody's Corp., Standard & Poor's Corp....
ZURICH, Switzerland? Swiss Reinsurance Co. launched Thursday its Climate Adaptation Development Programme, which is designed to develop a financial risk transfer market against weather risks in emerging countries. In a first phase, the Swiss Re program will aim at providing financial...
LONDON (Reuters)? The Lloyd's of London insurance market's pretax profit for the first six months of the year jumped 34% thanks to high premiums and low catastrophe claims, it said on Thursday. The world's oldest and biggest insurance market made £1.81 billion ($3.65 billion), up from £1.35...
COLOGNE, Germany? The historic Gerling insurance group no longer exists. On Monday, Gerling Konzern Allgemeine A.G., the main non-life operating company of the Cologne-based family held insurance group, was formerly merged with HDI Industrie Versicherung A.G. in Hanover to create HDI-Gerling...
WASHINGTON?The House Ways and Means Committee gave its approval to an expansive mental health benefits parity bill on Wednesday. The measure would make it illegal for employer-provided health plans to impose annual limits on the number of visits or days to treat mental maladies if other medical...
WASHINGTON?The U.S. domestic insurance industry may be forced offshore unless the tax treatment of foreign-domiciled reinsurers changes, the head of a U.S. reinsurer told the Senate Finance Committee on Wednesday. William R. Berkley, chairman and chief executive officer of Greenwich, Conn.-based...
JEFFERSON CITY, Mo.?The Missouri Department of Insurance, Financial Institutions and Professional Registration has named John Rehagen as captive insurance program manager for its Insurance Solvency and Company Regulation Division. Tuesday?s announcement came on the heels of Missouri Gov. Matt Blunt?
BRUSSELS, Belgium?The Comité Européen des Assurances said it will facilitate an exchange of views between the European insurance industry and the European Commission on the findings of the Commission?s final report into competition in the business insurance sector. That report,...
