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September 06, 2007
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No-fault's future looks dim

by - Sep 06,2007

Florida's controversial no-fault auto insurance law may indeed be on the road to extinction now that the special legislative session planned for later this month has been canceled. Two senators and a group in the state House of Representatives have ... [full story]

Outlook on US life insurance sector stable - S&P

by AFX News Limited - Sep 06,2007

MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said that its outlook for the US life insurance sector remained stable and that it expects positive and negative rating movements to be about equal over the next 12 months. In ... [full story]

Just Completed Studies Reveal Impact of New Medicare Reimbursement Regulations

by PR Newswire - Sep 06,2007

LOUISVILLE, Ky., Sept. 6 /PRNewswire-USNewswire/ -- The Centers for Medicare and Medicaid Services (CMS) has issued the most sweeping rule changes for hospital reimbursement since 1983. The new regulations, which affect acute care hospitals nationwide, go into effect October 1, ... [full story]

Sweat Equity to be Taxed Under Carried Interest Bill

by PR Newswire - Sep 06,2007

WASHINGTON, Sept. 6 /PRNewswire-USNewswire/ -- As Congress returns this week to debate and conduct hearings on H.R. 2834, a bill to raise the tax rate on an interest in partnership profits known as a "carried interest," The Real Estate Roundtable ... [full story]

Congress eyes lending rules

by Los Angeles Times - Sep 06,2007

WASHINGTON — -- A U.S. Treasury official warned Wednesday that fallout from the country's mortgage problems would continue and the chairman of the Senate Banking Committee unveiled a plan to overhaul fair-lending rules. "The ultimate impact of these events ... [full story]

HSBC to start retail banking operations in Japan

by Reuters - Sep 06,2007

TOKYO (Reuters) - HSBC (HSBA.L: Quote, Profile, Research) (0005.HK: Quote, Profile, Research) said on Thursday it plans to start retail banking operations in Japan from January 2008, making Europe's largest bank the latest foreign player to target Japan's legion of ... [full story]

Florida May Be Only State Without PIP Requirement

by AP Associated Press - Sep 06,2007

TALLAHASSEE, Fla. -- Florida would be the only state without a requirement for drivers to have bodily injury liability coverage if the present no-fault insurance system expires, the state's chief financial officer said Wednesday. It would leave that 20 percent of ... [full story]

Trumbull Introduces Vendor Management Tool, sourc-it vm(sm)

by Insurance Headlines - Sep 06,2007

COLUMBIA, S.C., Sept. 5 /PRNewswire/ -- Trumbull Services, LLC, a leading provider of insurance solutions to the property and casualty insurance industry announced the introduction of their latest product innovation, sourc- it vm(sm). sourc-it vm(sm) is a revolutionary new automation ... [full story]

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