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June 24, 2008
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Planning for retirement is crucial

by Insurance Headlines - Jun 24,2008

Planning for retirement is crucial.  The Jeff Group LTD can help you plan, invest, and manage your money.  The JEFF GROUP is committed to helping our clients reach their financial goals.  We can help you with a wide variety of ... [full story]

AllFinancial Group LLC and Babcock & Brown Obtain $135 Million in Additional Financing for Life Settlement Joint Venture

by PR Newswire - Jun 24,2008

AllFinancial Group LLC andBabcock & Brown are pleased to announce that Life Trade Holdco LLC, theirrecently formed joint venture to capitalize on emergingopportunities in the life settlement market, has obtained a $135 millioncredit facility from Autobahn Funding Company, LLC, an ... [full story]

AonSmartDrive Measured Safety Program Reduces Auto Related Liability Costs by 50%

by PR Newswire - Jun 24,2008

CHICAGO, June 23 /PRNewswire-FirstCall/ -- Aon Corporation, the leading global risk and insurance firm, and SmartDrive, a global leader in driver safety and risk management solutions, have teamed up to provide a joint service called AonSmartDrive. The AonSmartDrive measured safety program ... [full story]

New bill would let state insurance companies boost auto premiums by 5%

by New York Daily News - Jun 24,2008

ALBANY - Gas prices are already out of control. Next up could be your car insurance. New York auto insurance companies, which charge the second-highest rates in the nation, would be able to hike - or lower - premiums as much ... [full story]

California Department Of Managed Health Care Fines PacifiCare $50,000 For Improper Cancellations

by Medical News Today - Jun 24,2008

The California Department of Managed Health Care on Wednesday fined the insurer PacifiCare $50,000 as part of an agreement to resolve problems resulting from policy cancellations, the AP/San Francisco Chronicle reports. PacifiCare has agreed to reinstate the coverage of three ... [full story]

Citigroup set to slash 10 percent of investment banking jobs

by Business Journal - Jun 24,2008

Citigroup Inc. will cut 10 percent -- or about 6,500 -- of the jobs in its investment banking division, according to reports Monday. The Wall Street Journal said the New York-based bank, which posted a $5.11 billion quarterly loss in ... [full story]

Prudential Financial spent $1.4M lobbying in 1Q

by AP Associated Press - Jun 24,2008

WASHINGTON (AP) -- Insurance company and investment manager Prudential Financial Inc. spent nearly $1.4 million in the first quarter to lobby on pension, insurance and trade issues. The Newark, N.J.-based company also lobbied on legislation dealing with housing, farm spending, data ... [full story]

Maryland targeting 1,500 small businesses for health insurance subsidies

by Business Journal - Jun 24,2008

Gov. Martin O'Malley unveiled a partnership Monday between Maryland and insurance carriers to help make health insurance more affordable for small businesses. The state plans to provide subsidies for 1,500 businesses a year. The coverage, for businesses with two to nine ... [full story]

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