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August 16, 2010
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Texas Warns Insurance Companies on Auto Insurance Claims

by Insurance Headlines - Aug 16,2010

Texas Insurance Commissioner Mike Geeslin has released a bulletin reminding auto insurance providers that it is against state law to "directly or indirectly limit the insurer's coverage under a policy covering damage to a motor vehicle." Specifically, the Texas Insurance Code ... [full story]

States get funds to boost oversight of health insurance premiums

by Los Angeles Times - Aug 16,2010

The $1-million grants, which went to all but five states, will help many expand public access to information about rate hikes and hire experts to review proposed charges. Reporting from Washington — The Obama administration is sending $1-million grants to ... [full story]

U.S. Insurance Regulators Issue Consumer Alert on Life Insurance Death Benefits

by Bloomberg.com - Aug 16,2010

State insurance regulators, under pressure to improve disclosure of death-benefit payment options, issued a consumer alert about the industry practice of retaining funds rather than paying them in a lump sum. “You may be able to earn a higher rate ... [full story]

Regulators issue alert on retained asset accounts

by Reuters - Aug 16,2010

BANGALORE (Reuters) - The organization of state insurance regulators issued a consumer alert about retained assets accounts (RAAs), days after the Federal Deposit Insurance Corp (FDIC) said life insurers using the product should reveal more information. RAA provides the ... [full story]

Hedge Funds Cut Bets on Rising Gas by 23% as Prices Fall

by Bloomberg.com - Aug 16,2010

Hedge funds slashed their bets on rising natural gas to the lowest level this year as prices fell, a sign the fuel may repeat last year’s 19 percent August slide during a so-far quiet hurricane season in the Gulf of ... [full story]

The Sun Also Surprises

by The New York Times - Aug 16,2010

DESPITE warnings that New Orleans was unprepared for a severe hit by a hurricane, America was blindsided by Hurricane Katrina, a once-in-a-lifetime storm that made landfall five years ago this month. We are similarly unready for another potential natural disaster: ... [full story]

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