Captive owners using assets to back LOCs

Published - 03/08/2010 11:00 PM

The high cost of collateral is pushing more captive owners to leverage their facilities' financial assets to offset the expense, several captive experts say. Captives more often are using their assets, such as cash premiums paid into the facility or money that's been invested to pay captive losses, to back letters ... 

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Fraudulent Transfer Peril For Financial Firms Outlined

Published - 03/03/2010 11:00 PM

A consulting firm is warning that financial firm risk managers face increasing peril from fraudulent claims on behalf of bankrupt companies. The activity is detailed in a study “Risky Business: Financial Firms Face Wave of Fraudulent Transfer Claims,” released by Navigant Consulting, Inc. (NCI), and the Economist Intelligence Unit (EIU). According ... 

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Insurers don't pose systemic risk

Published - 03/03/2010 11:00 PM

WASHINGTON—A coalition of property/casualty insurers has written the chairman of the Senate Banking, Housing and Urban Affairs Committee asking that the property/casualty industry not be subject to “bank-centric” financial services regulation. In a letter sent Tuesday to Sen. Chris Dodd, D-Conn., the newly formed Property & Casualty Leaders Coalition reiterated the ... 

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USAA's Battle Plan

Published - 02/24/2010 11:00 PM

When Staff Sergeant Corey Mason wants to deposit a check, he doesn't use an ATM, a teller at a branch, or even a stamped envelope and deposit slip. Rather, the 37-year-old GPS systems specialist takes a picture of the check with his iPhone, uses an app to send it to ... 

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Lincoln Financial Group Enhances its Lincoln Unifier(R) Service

Published - 02/20/2010 11:00 PM

Lincoln National Corporation has enhanced its Lincoln Unifier® service offering to further assist employers meet the administrative challenges of bringing retirement plans into compliance with the new 403(b) regulations. Lincoln Unifier® includes common remitter administration, compliance monitoring and now a newly enhanced proactive transaction monitoring service. ... 

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Maximus forms Alliance with JOBS2WEB To Expand Community Based OFCCP Recruitment and Compliance Resources

Published - 02/18/2010 11:00 PM

MAXIMUS Tax Credit and Employer Services, a division of MAXIMUS, Inc., and Jobs2Web Inc., a Web 2.0 interactive recruiting solutions provider, have announced an alliance enabling Jobs2Web customers to leverage MAXOutreach™, a community-based compliance solution provided by MAXIMUS, as a means to achieve Office of Federal Contracts Compliance Program (OFCCP) ... 

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GE Energy Financial Services Invests in Oklahoma Wind Farm, Calls for Stronger US Renewable Energy Incentives

Published - 02/16/2010 11:00 PM

WOODWARD, Okla., Feb 16, 2010 (BUSINESS WIRE) -- Maintaining momentum in its renewable energy investing, GE Energy Financial Services, a unit of GE /quotes/comstock/13*!ge/quotes/nls/ge (GE 16.16,  0.01,  0.06%) , announced today it had made an equity investment in a wind farm CPV Renewable Energy Company is developing in Oklahoma. ... 

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6 Ways to Cut Your Taxes: What to Do in 2010 to Reduce Taxes

Published - 02/11/2010 11:00 PM

Hold onto your wallet. Prospects are strong that Washington will shrink the budget deficit and pay for health care reform by raising your taxes somehow over the next few years. “There’s probably no doubt that income taxes will go up on high income earners in 2011,” says ... 

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