Latest News in Home Insurance – March 02, 2009
Homeowners insurance offers still appear regularly in consumers’ home … – …
2 Mar 2009 at 2:01pm
Despite the current state of the economy, direct mail marketing from insurance companies appears to be going strong. While overall direct mail volume plummeted from most financial services companies during 2008, mail from homeowners insurance …
Stock Markets Fall Sharply on More Financial Company Trouble – Voice of America
2 Mar 2009 at 11:33pm
Stock markets around the world dropped sharply Monday as financial institutions reported more large losses. U.S. markets closed sharply down, some at levels not seen since 1997. All three major stock indexes were down four percentage points or more …
Policy holders advised not to panic – NZCity
2 Mar 2009 at 2:36pm
AIG policy holders are being warned against a knee jerk reaction to the US government’s latest bailout of the insurance and financial giant. AIG Finance has posted a record $US61.7 billion quarterly loss. The US government has promised the company …
Local builders say crunch slow in coming – Tribune-Democrat
2 Mar 2009 at 10:00pm
The housing boom of years past has gone bust nationally. As a result, those in the construction trade say they are are taking a major hit to their wallets. The U.S. Department of Commerce on Monday reported that construction spending reached a four …
Dow drops below 7,000 for first time since 1997 – Boston Herald
2 Mar 2009 at 3:55pm
N EW YORK — Investors’ despair about financial companies and the recession has brought the Dow Jones industrial average to another unwanted milestone: its first drop below 7,000 in more than 11 years. The market’s slide today, which took the …
MBIA posts narrower 4th-quarter losses – News-Democrat
2 Mar 2009 at 4:52pm
ARMONK, N.Y. — Bond insurer MBIA Inc. on Monday reported a sharply narrower loss for the fourth quarter, as its net premiums written increased 10 percent and it posted fewer investment losses. Like others in its industry, MBIA has been hit hard in …
Torchmark Corporation Declares Dividend – Biloxi Sun Herald
2 Mar 2009 at 2:51pm
MCKINNEY, Texas, March 2 /PRNewswire-FirstCall/ — Torchmark Corporation (NYSE: TMK) announced that its Board of Directors has declared a quarterly dividend of $.14 per share on all of the outstanding common stock of the Company held of record as of …
GE’s Immelt Says He Shoulders Blame for ‘Tarnished’ Reputation – Bloomberg
2 Mar 2009 at 4:24pm
March 2 (Bloomberg) — General Electric Co. Chief Executive Officer Jeffrey Immelt took blame for eroded investor trust and promised to “work hard to restore” faith as he shrinks the finance unit to better fit with GE’s main businesses. “Let …
Financial crisis: UK job losses – Daily Telegraph
2 Mar 2009 at 8:13pm
GKN, the British car and aircraft parts maker, warned it will axe a futher 2,400 jobs this year as the collapse in demand for new cars intensifies. RSA Insurance said it will cut 1,200 UK jobs by the middle of next year , despite reporting a 13pc …
‘Too big to fail,’ AIG gets billions more from government, reports … – New…
2 Mar 2009 at 4:02pm
People leave the American International Building, home to AIG’s world headquarters, Monday, March 2, 2009 in New York. The government on Monday unveiled a revamped rescue package to the insurance giant and will provide the troubled company with …
