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December 13, 2007
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Citizens: Maybe we should have bailed

by Palm Beach - Dec 13,2007

In the midst of two hours of questioning this morning over Citizen’s Property Insurance assets in the troubled SBA investment fund, Citizens Vice President Sharon Binnun told the House Insurance Committee that maybe the state-run insurer —- the largest participant ... [full story]

LIMRA and LOMA Members Approve Merger Plan

by Business Wire - Dec 13,2007

WINDSOR, Conn. & ATLANTA--(BUSINESS WIRE)--Member companies of LIMRA International and LOMA have voted overwhelmingly in favor of the proposal to unite two of the world’s largest insurance and financial services trade organizations. The merger will go into effect on Jan. ... [full story]

Progressive Posts Lower November Monthly Earnings

by Reuters - Dec 13,2007

NEW YORK (Reuters) - Progressive Corp, the third-largest auto insurer in the United States, said on Wednesday that net income for November fell 29 percent from a year ago as the market gets more competitive. The auto insurer said November net ... [full story]

Bush vetoes kids health insurance bill

by AP Associated Press - Dec 13,2007

President Bush vetoed legislation Wednesday that would have expanded government-provided health insurance for children, his second slap-down of a bipartisan effort in Congress to dramatically increase funding for the popular program. It was Bush's seventh veto in seven years — all ... [full story]

New Long-Term Care Insurer Offers Simplified Insurance Plans in Florida

by PR Newswire - Dec 13,2007

ROCHESTER, N.Y., Dec. 13 /PRNewswire/ -- Long-term care insurer MedAmerica, will expand with a new carrier domiciled in Florida on Dec. 15, MedAmerica Insurance Company of Florida (Home Office: Winter Park, FL). Recognizing the unique qualities and opportunities of the ... [full story]

Sun Life Financial Sells U.S. Plan Administration Business

by Business Wire - Dec 13,2007

WELLESLEY, Mass.--(BUSINESS WIRE)--The U.S. division of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF) today announced it has reached an agreement to sell Sun Life Retirement Services (U.S.), Inc. (RSI), a 401(k) plan administration business in the United States, to ... [full story]

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