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March 04, 2010
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U.S. Considers Brake Override System

by The New York Times - Mar 04,2010

The Obama administration may recommend that carmakers install a brake override system that is intended to prevent the sudden acceleration episodes that have led to recalls of millions of Toyotas, the transportation secretary, Ray LaHood, said on Tuesday. Mr. LaHood made ... [full story]

Fraudulent Transfer Peril For Financial Firms Outlined

by National Underwriter - Mar 04,2010

A consulting firm is warning that financial firm risk managers face increasing peril from fraudulent claims on behalf of bankrupt companies. The activity is detailed in a study “Risky Business: Financial Firms Face Wave of Fraudulent Transfer Claims,” released by ... [full story]

Insurers don't pose systemic risk

by BusinessInsurance.com - Mar 04,2010

WASHINGTON—A coalition of property/casualty insurers has written the chairman of the Senate Banking, Housing and Urban Affairs Committee asking that the property/casualty industry not be subject to “bank-centric” financial services regulation. In a letter sent Tuesday to Sen. Chris Dodd, D-Conn., ... [full story]

FEMA Says Hold Up In Flood Program Will Halt Closings

by National Underwriter - Mar 04,2010

WASHINGTON—Congress’ inability to renew the National Flood Insurance Program has potentially dire consequences, Federal flood agency management officials warned. The NFIP was allowed to expire Sunday when a congressional appropriations bill that included the program was held up by Sen. Jim ... [full story]

Pre-Paid Legal Services Founder Harland C. Stonecipher to Step Down as CEO, President

by Insurance Headlines - Mar 04,2010

Pre-Paid Legal Announces Management Change and Harland Stonecipher, 71, will remain chairman of the company's board. ADA, OK, March 3, 2010 (National Insurance News) - Pre-Paid Legal Services, Inc. (NYSE:PPD), announced today that effective April 2, 2010, its founder ... [full story]

Health Insurance and Free Market Competition

by Insurance Headlines - Mar 04,2010

The insurance companies are once again under fire thanks to the enormous 39% rate hike announced by Wellpoint (specifically its subsidiary Anthem Blue Cross of California). As a report from the Department of Health and Human Services notes, this is ... [full story]

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