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The Underwriter's Insider - Vol 6 Issue 1


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  YouTube video of the month:      

McDonald's Fry Cook Julio Wants His Share of Obama Stimulus!  Must See!

    HERE!

---- BREAKING NEWS -----

• Why the AIG bailout just keeps getting bigger...Our government's current experiment in insurance provision most certainly does not. The fault there lies mostly in the past: Regulators had procedures in ...

• AIG has $61.7 billion loss...... of systemic financial meltdown," said Christopher Garman, head of Garman Research in Orinda, California, and a former Merrill Lynch bond strategist. ......

• How many times have you heard about "8 years of failed policies" causing the subprime meltdown?  Read this little 10 year old NY Times story - Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

Obama Gives $900 million [of U.S.taxpayer money] to Hamas - the people that danced in the street when the Twin Towers fell...Hamas is "very happy" with a pledge this week from the Obama administration to provide $900 million in aid for rebuilding the Hamas-controlled Gaza Strip, a spokesman from the Islamist organization told WND.

• Stimulus Watch:  Find out where the money we have stolen from our grandchildren is going in your state!

• Video:  Angry U.S. Marine Gives a Heartwarming Little Pep-Talk to Iraqi Soldiers   WARNING: EXTREMELY GRAPHIC LANGUAGE! CLICK AT  YOUR  OWN RISK...And keep your speaker volume turned low...

• Hollywood-based Coral Insurance Company gets acquisition offer...It was one of the few companies in South Florida in recent years willing to write new policies. It even insured older homes if they had been upgraded. ...

TAX THE RICH: Take everything they earn, and it still won't be enough...President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need merely end "tax breaks for the wealthiest 2% of Americans," and he promised that households earning less than $250,000 won't see their taxes increased by "one single dime."

• Obama names Tennessean as health-care czar...Kathleen Sebelius to be Secretary of Health and Human Services and Nancy-Ann Min DeParle, Tennessee's former human services commissioner, as the nation's ...

Louisiana will see higher P/C rates this year...Louisiana homeowners and businesses will see their property insurance rates increase more than they have in the past three years. Insurance Commissioner Jim ...

• "No Confidence" seen in Market as Dow breaks 7000 barrier...Some say the Obama administration is at fault for piling up taxpayer debt from the recent $781 billion stimulus plan the President signed into law in ...

• Drivers vs. insurers...State analysts and insurance company adjusters don't agree when it comes to assigning levels of blame and the size of penalties for car accidents. ...

• Griffin Joins Wholesale Broker Gresham in Florida Office...... wholesale insurance broker Gresham & Associates has welcomed a new property/ casualty broker, Scott Griffin, to its Orlando, Florida branch. ...

Voters say Obama should delay health care reform...Sixty-nine percent (69%) of GOP voters and 60% of unaffiliateds do not believe it is possible to provide health insurance for everyone, but just 23% of ...

• AIG restructuring chief has tough task...Reynolds is running dozens of simultaneous auctions around the world as she tries to shed about two-thirds of AIG, including insurance companies, ...

• Florida lawmakers might make state pay for storm coverage...The hope is by spreading the cost over the entire state, the legislature will be able to do away with the state's Citizens Property Insurance Corp. ...

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AFD prepares for Georgia fire inspection...Here's something that affects how much you pay for home insurance: Auditors with the insurance service ...

• Florida Legislators: Shift Hurricane Coverage To State...Senate President Jeff Atwater, R-North Palm Beach, who co-wrote the sweeping property insurance law that passed last year, and Florida Insurance ...

• Ban urged on insurers' use of credit scores...Credit scores and credit reports should not be used to set car and home insurance rates, some Florida lawmakers say.

• Hartford Said to Weigh Sale of Life Unit to Sun Life...Hartford Financial Services Group Inc., hammered by three credit-rating downgrades in a month, is in talks to sell most of its unprofitable life insurance unit to Canada’s Sun Life Financial Inc., said three people with knowledge of the matter.  

State Farm parent's net worth fell $10B in 2008...Premiums from State Farm Florida Insurance, State Farm Fire and Casualty, State Farm Lloyds and State Farm General Insurance – all property insurance ...

• Jobless residents struggle with insurance costs...But COBRA isn’t the only option, insurance agents said. Through the state’s Cover Florida program started earlier this year, several companies including ...

• Property crime climbs as economy goes down...David Colmans is the Executive Director of the Georgia Insurance Information Service. Contact him at (770) 565-3806 or by e-mail at dcolmans@giis.org.

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Businesses in Florida want to re-establish limits on attorney fees...Before the 2003 reforms, Florida had some of the highest workers' comp insurance rates in the country. Many insurers were reluctant to write policies in the ...

• State Farm lowers Georgia auto insurance rates...Effective March 9, State Farm Mutual Automobile Insurance Company, the largest insurer of autos in Georgia and in the nation, is lowering its

• Analysts: More rough times await insurance stocks...Medicare Advantage allows the elderly and disabled to enroll in private insurance plans that assume responsibility for covering a participant's health ...

• State Farm's Exit From Florida Proving To Be A Problem For Some...State regulators say Florida's insurance market can absorb most, if not all, of the 1.2 million policies State Farm plans to drop over two years beginning ...

Tennessee: Growing number of uninsured drivers linked to jobless rate...One in every five motorists in Tennessee does not have automobile insurance, according to a study conducted by the Insurance Research Council. ...

• Central Florida Law Firm Wins a Whopping $20 Million  ...Founding Partner, Alan Garfinkel who heads up the firm's Insurance Disputes and Natural Disaster Law practice group is based in Central Florida . ...

• Auto Insurance Quotes on the Rise after Study Shows Significant ...More Americans are fighting back the economic recession by using the Internet to find better rates for auto insurance. Lexington, Kentucky – March 3rd, ...

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