http://www.businessinsurancelive.net www.businessinsurancelive.net Tue, 01 Apr 2008 10:01:41 +0000 http://backend.userland.com/rss092 en Traditionally focused on insuring municipal deals, bond insurers got into trouble after they ventured into structured products to boost returns. Massive delinquencies on U.S. subprime mortgages battered the credit quality of these products, increasing the capital that bond insurers need to maintain their crucial "AAA" ratings. ... http://www.businessinsurancelive.net/workers-compensation-insurance/chronology-bond-insurers-credit-ratings.html Property group City Pacific (CIY.AX: Quote, Profile, Research) said yesterday that there was no threat to A$1.1 billion in loans its First Mortgage Fund had extended to property developments. "We've never had issues with loans being repaid,' said managing director Phil Sullivan. He also dismissed concern over a Victorian Government ... http://www.businessinsurancelive.net/workers-compensation-insurance/press-digest-australian-business-news-feb-29.html NEW YORK, March 26 (Reuters) - A coalition of environmentalists, consumer advocates and insurers has formed to oppose proposed legislation that would expand a federal flood insurance scheme. The measure would add coverage for wind damage, which the coalition says could prove costly for taxpayers ... http://www.businessinsurancelive.net/workers-compensation-insurance/coalition-forms-to-oppose-flood-insurance-plan.html NEW YORK/FRANKFURT (Reuters) - China's major financial institutions, including its sovereign wealth fund China Investment Corp (CIC), poured cold water on the idea of the possible purchase of Allianz's (ALVG.DE: Quote, Profile, Research) Dresdner, citing investment risk and political problems as major concerns, Chinese bankers told ... http://www.businessinsurancelive.net/workers-compensation-insurance/china-banks-turn-down-german-dresdner-deal.html At a time when classic drama on TV is defined by the elimination round on Survivor, it's a pleasant surprise to see ABC turn over three hours of prime-time real estate on Monday to A Raisin in the Sun, Lorraine Hansberry's groundbreaking play about alcoholism, bitterness, class, racism and almost ... http://www.businessinsurancelive.net/business-property-insurance/television-like-combs-staging-lacks-greatness-2.html A day after New York's attorney general took aim at UnitedHealth Group's health-care reimbursement procedures, the ultimate financial implications for the nation's largest insurer were yet to come into focus. But there is little doubt that Andrew Cuomo's probe has handed company executives a significant distraction and a bit of a ... http://www.businessinsurancelive.net/business-property-insurance/new-york-investigation-may-distract-cost-unitedhealth-5.html MGIC shares shed 11% on report of huge loss Shares of MGIC Investment Corp. dropped 11 percent, after the Milwaukee-based mortgage insurance company said that it lost $1.47 billion in the fourth quarter, believed to be the largest quarterly loss by a public company in Wisconsin. MGIC, which has been battered ... http://www.businessinsurancelive.net/business-property-insurance/national-business-briefs-15.html Q Can I stop getting all those catalogs and credit card offers in the mail? A You can reduce them by registering with Direct Marketing Association to have your name removed from their mailing lists. To do that: %26bull; Register online at www.dmachoice.org. Click on Remove My Name From Those Lists ... http://www.businessinsurancelive.net/business-property-insurance/fixit-register-with-dma-to-curtail-junk-mail-3.html The office of Andrew Cuomo, attorney general for the state of New York, has been the source of a number of major consumer and civil investigations in recent years, including: %26bull; 2002 - 2003: An investigation of Wall Street investment firms resulted in a $1.4 billion settlement by 10 firms ... http://www.businessinsurancelive.net/business-property-insurance/andrew-cuomo-in-the-headlines-6.html Led by New York Attorney General Andrew Cuomo, a phalanx of interests charged Minnetonka-based UnitedHealth and its Ingenix division with denying millions of dollars in claims for millions of Americans when they use doctors outside of their insurer's network. Cuomo said Wednesday that he plans to sue UnitedHealth, launch an industrywide ... http://www.businessinsurancelive.net/business-property-insurance/unitedhealth-accused-of-shortchanging-patients-6.html