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July 17, 2009
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Is It Safe? You Can't Get Worse Than AIG

by TheStreet.com - Jul 17,2009

Like a car crash, American International Group(AIG Quote) has drawn onlookers, both professional and amateur, ever since its stock collapsed last year. No wonder -- its shares are almost twice as volatile as the broader stock market. Since then, the stock ... [full story]

Insurance Groups Seek To Escape Regulation Under New Agency

by Insurance Headlines - Jul 17,2009

WASHINGTON (Dow Jones)--The insurance industry is seeking changes to legislation to create the new Consumer Financial Protection Agency that would prevent insurers from being swept into the agency's purview. Thirteen insurance trade groups, in a letter to key lawmakers, asked ... [full story]

Agreement set to roll back N.C. auto insurance rates

by AP Associated Press - Jul 17,2009

RALEIGH, N.C. — Some North Carolina drivers will share in $50 million worth of refunds under an agreement announced Wednesday that will roll back private auto insurance rates to 2006 levels and freeze them for two years. State Insurance Commissioner Wayne ... [full story]

Hurricane-calming technology? Bill Gates has a plan

by USATODAY.com - Jul 17,2009

Good news, folks. Microsoft founder Bill Gates has turned his attention to controlling the weather. Five U.S. Patent and Trade Office patent applications, made public on July 9, propose slowing hurricanes by pumping cold, deep-ocean water in their paths from barges. ... [full story]

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