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Gates Foundation among MediaNews lenders

YAHOO

AP - The Bill & Melinda Gates Foundation was among a few dozen banks, insurance companies, mutual funds and other entities that loaned $350 million to MediaNews Group Inc. for its purchase of four newspapers from publisher McClatchy Co.

Berkshire Hathaway profit up 62 pct on investments

YAHOO

Reuters - Warren Buffett's Berkshire Hathaway Inc. (BRKa.N)(BRKb.N) said on Friday its second-quarter profit rose 62 percent, helped by higher insurance premiums and investment income.

Wal-Mart wins Maryland health-care lawsuit

YAHOO

Reuters - In a victory for Wal-Mart Stores Inc. , a federal judge on Wednesday struck down a new Maryland law that required the giant retailer to provide health insurance for its employees in the state.

Several Boat Businesses Leaving Florida For Other States

AHN

Florida's marine industry has been a lucrative business in the state until recently. Several boat building businesses have decided to relocate their companies out of the state of Florida due to rising labor costs, skyrocketing insurance costs, shortages of skilled labor and the push for more...

Swiss Re to cut 2,000 jobs in wake of GE unit buy

YAHOO

Reuters - Swiss Re will cut 2,000 jobs by 2007, or 17.5 percent of its global workforce, through layoffs and attrition in the wake of its $7.4-billion takeover of U.S.-based GE Insurance Solutions, the company said on Tuesday.

	Categories		Latest Insurance News		Related:
	Business Links Trade links		Wal-Mart, Others Press FDIC To Allow Special Bank AHN Wal-Mart has been joined by 13 other companies that are demanding that federal regulators approve the establishment of a special bank. According to reports by Federal Deposit Insurance Corp., the number of companies with applications pending before it at the same time is a record.... Sources: AHN Allianz cuts 7,500 jobs, restructures Dresdner YAHOO Reuters - Allianz will cut nearly 7,500 jobs as part of a far-reaching restructuring plan designed to boost earnings, Germany's largest insurance group said on Thursday. Sources: YAHOO Sheila Bair To Head The FDIC AHN The U.S. Senate has approved Sheila Bair as the next head of the Federal Deposit Insurance Corp. (FDIC). Sources: AHN Fendi sues Wal-Mart over fake handbags YAHOO Reuters - Italian fashion group Fendi S.R.L. sued Wal-Mart Stores in U.S. federal court on Friday, accusing the world's largest retailer of selling counterfeit handbags and passing them off as genuine at its Sam's Club warehouse stores. Sources: YAHOO Wal-Mart lawsuit against AIG, Hartford revived YAHOO Reuters - Wal-Mart Stores Inc. , may pursue its fraud claim against AIG Life Insurance Co. and Hartford Life Insurance Co. that it suffered more than $100 million of losses from sham insurance policies, the Delaware Supreme Court ruled. Sources: YAHOO N.H. issues cease-and-desist order vs. ING YAHOO AP - State securities officials have issued a cease-and-desist order against ING Financial Advisors and ING Life Insurance and Annuity Company for their handling of state employee's 401(k) retirement plan. Sources: YAHOO State Farm Responsible For Cheating Tornado Victims AHN The insurance firm, State Farm, has been found responsible of handling insurance claims "recklessly," and "with malice." A jury in the District Court of Grady County, Oklahoma, found State Farm hired Haag Engineering, to... Sources: AHN AIG approved to sell group insurance in China YAHOO Reuters - American International Group Inc. said on Friday that one of its units had received approval from local Chinese regulators to provide group insurance there, as the world's largest insurer makes a push to boost its business in the world's most populous nation. Sources: YAHOO Wal-Mart says to sell S. Korean retail business YAHOO Reuters - Wal-Mart Stores Inc. said on Monday South Korea's Shinsegae Co. had agreed to buy Wal-Mart's South Korean retail business for 825 billion won, or $882 million. Sources: YAHOO Unemployment Rises AHN According to the Labor Department, new applications filed for unemployment insurance shot up by a seasonally adjusted 42,000 to 367,000 for the week ending May 13. It was the highest level of claims since early October. The department's... Sources: AHN Guardian Takes Majority Stake In RS YAHOO Investor's Business Daily - Guardian Life Insurance Co. of America bought a 65% interest in San Francisco-based RS Investments, an employee-owned boutique mutual fund family, both companies announced Wednesday. Sources: YAHOO FL Homeowners' Insurance: Either Huge Increases or Dropped AHN Florida homeowners are getting dropped or slammed with huge price increases again this year due to the recent hurricanes and related damages. Insurance companies are also blaming their increases on the coverage that they need to purchase in order to... Sources: AHN AIG posts lower earnings in first quarter YAHOO Reuters - American International Group Inc. , the world's largest insurance company by market value, said on Wednesday that first-quarter earnings fell as expenses increased. Sources: YAHOO Berkshire Hathaway 1st-qtr profit rises 70 pct YAHOO Reuters - Berkshire Hathaway Inc. (BRKa.N) (BRKb.N), the insurance and investment company run by billionaire Warren Buffett, on Friday said first-quarter profit rose 70 percent, helped by increasing revenue. Sources: YAHOO Spitzer files bid-rig suit against Liberty Mutual YAHOO Reuters - New York Attorney General Eliot Spitzer on Friday charged Liberty Mutual Group, the sixth largest U.S. property casualty insurer, with rigging bids and making payoffs to steer business its way. Sources: YAHOO India Seeks NRI Investment AHN During his meeting with Indian nationals in Uzbekistan, Prime Minister Manmohan Singh of India announced his government's decision to help Indians settled abroad to invest in sectors like insurance and real estate. He also mentioned... Sources: AHN Dramatic Increase In The Rate Of Americans Without Health Insurance AHN A new study finds the number of working Americans with moderate to middle incomes who do not have health insurance increased to 41 percent last year. The Associated Press reports this is a major increase from the 28 percent who did not have... Sources: AHN Wal-Mart And Community Banks Transact War Of Words AT FDIC Hearing AHN America's Community Bankers is urging the FDIC at the first ever public agency hearing on Monday to disapprove the application of Wal-Mart Bank for FDIC deposit insurance at this time. Kenneth J. Redding, a member of ACB's Government... Sources: AHN Almost 1,000 Allstate Employees Accept Buyout AHN Nearly 1,000 Allstate Corp. employees have accepted a voluntary buyout offer, which is hundreds more than the insurance company expected when it announced the offer months ago. Allstate is the second-largest U.S. personal-lines insurer... Sources: AHN Berkshire takes long-term $14 bln bet on stock mkt YAHOO Reuters - Warren Buffett's Berkshire Hathaway Inc. (BRKa.N) has made a 20-year bet on the stock market. Sources: YAHOO		Other aggregators

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