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September 2007
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Allstate launches new landlord insurance product in Texas

by - Oct 01,2007

Allstate Insurance Co. has created a new homeowners insurance policy in Texas geared toward real estate investors who are renting homes until they can 'flip' them. Allstate officials say the housing market is cooling throughout parts of Texas, making it ... [full story]

John Hancock Targets 'Income Now' Market with New, Optional Guaranteed Withdrawal Benefit Rider

by PR Newswire - Oct 01,2007

BOSTON, Oct. 1 /PRNewswire-FirstCall/ -- John Hancock Annuities today announced the introduction of "Principal Returns," its newest, optional guaranteed withdrawal benefit rider. Principal Returns has two distinct features: it provides an 8% withdrawal rate for clients seeking "income now," and ... [full story]

Competition too much for NetBank

by Insurance Headlines - Oct 01,2007

The downfall of NetBank, a pioneer in online banking that was closed by federal regulators and filed for bankruptcy protection on Friday, reflects the demise of a dot-com firm that couldn't compete with larger financial rivals. NetBank, based in Jacksonville ... [full story]

Debt Consolidation Advertising Traffic Jumps 600%

by Market Wire - Oct 01,2007

LOS ANGELES, CA--(MARKET WIRE)--Oct 1, 2007 -- Adknowledge traffic in the debt consolidation services category climbed more than 600 percent in September 2007 compared to a year ago, the largest advertising category increase so far this year. Bad credit loans ... [full story]

Crist adds PIP to special session

by Palm Beach - Oct 01,2007

TALLAHASSEE — Republican Gov. Charlie Crist ordered lawmakers this morning to consider the state's no-fault auto insurance law - which expired at midnight - when the legislature starts its third special session of the year on Wednesday. Crist also asked state ... [full story]

Eight states to back suit vs U.S. over kids' health

by Reuters - Oct 01,2007

Eight states will back a lawsuit to stop the federal government from imposing new rules which they fear will force them to cut children from a health insurance program, New York Governor Eliot Spitzer said on Monday. The State Children's Health ... [full story]

A New Way to Keep your Customers Healthy and your Risks Down.

by Insurance Headlines - Oct 01,2007

To be successful in the insurance business, it is crucial to minimize your risk of policy holders filing claims against your company.  If an individual is of healthy weight and conditioning, the risk of a claim being filed for health ... [full story]

AIG shareholders sue PricewaterhouseCoopers

by Reuters - Oct 01,2007

LOS ANGELES (Reuters) - American International Group Inc (NYSE:AIG - News) shareholders renewed claims against the company's auditor, PricewaterhouseCoopers, and about four dozen other individuals and companies, seeking to hold them liable for a financial restatement and a $1.64 billion ... [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]

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]

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