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September 28, 2007
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NAMIC Tells NAIC to Resist Calls for Tighter Regulation of Catastrophe Models That Would ‘Stifle Innovation in Assessing Risk’

by NAMIC - Sep 28,2007

WASHINGTON (Sept. 28, 2007) – The National Association of Mutual Insurance Companies (NAMIC) today advised state insurance commissioners to be skeptical of bogus attacks on catastrophe models and the firms that develop them. The comments came during a public hearing ... [full story]

Freedom Bank Opens Mortgage Loan Origination Department

by TradingMarkets.com - Sep 28,2007

FAIRFAX, Va., Sep 28, 2007 (BUSINESS WIRE) -- John T. Rohrback, President & CEO, announced the opening of their Mortgage Loan Origination Department. He stated: "At a time when many mortgage companies are closing their doors, Freedom Bank recognizes there ... [full story]

Congress OKs Expanded Kids' Health Care

by AP Associated Press - Sep 28,2007

WASHINGTON (AP) -- Setting up a veto fight with President Bush while handing Democrats another campaign issue, Congress passed legislation to expand a popular children's health program. Eighteen Republicans in the Senate lined up with Democrats in voting 67-29 to ... [full story]

Mayor, Governor Disagree On Plan To Grant Licenses To Illegals

by NY1 News - Sep 28,2007

The debate over granting illegal immigrants driver’s licenses is creating some friction between Governor Eliot Spitzer and Mayor Michael Bloomberg. Spitzer says his plan would make roads safer and lower auto insurance rates. But Bloomberg says it would create problems ... [full story]

ING closes sale of Belgian Broker and Employee Benefits insurance business to P&V Verzekeringen

by Dow Jones - Sep 28,2007

Amsterdam • 28 September 2007 - ING announced today that it has closed the sale of ING Insurance Belgium NV, its Belgian Broker and Employee Benefits insurance business to P&V Verzekeringen. The sale, which was previously announced on 29 ... [full story]

Felix Huang Joins Safeco

by PR Newswire - Sep 28,2007

SEATTLE /PRNewswire/ -- Safeco (NYSE:SAF) announced today that that Felix Huang has joined the company in the new position of vice president of corporate development. Huang will work with senior management on strategic planning for Safeco. "We are very fortunate ... [full story]

Lincoln Financial Group Launches First Variable Product in Its Unified Product Portfolio

by PR Newswire - Sep 28,2007

PHILADELPHIA, Sept. 28 /PRNewswire-FirstCall/ -- As baby boomers face retirement, they not only are focused on how to accumulate assets for enjoyment in retirement, but how to protect a lifetime of hard work to ensure a financial future for their ... [full story]

PCI Opposes Inclusion of Wind Coverage in Flood Bill

by PCI - Sep 28,2007

WASHINGTON - The Property Casualty Insurers Association of America (PCI) opposes the inclusion of language from H.R. 920, the Multiple Peril Insurance Act, within a larger flood reform bill, H.R. 3121, which passed the House of Representatives Thursday. PCI believes that, ... [full story]

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