AIG puts Chartis spinoff on hold: Report
December 21st, 2009
In a report Tuesday, Bloomberg, citing people familiar with the situation, reported that AIG Chief Executive Officer Robert Benmosche has signaled that he wants to hold on to the unit, telling employees he considers Chartis a core holding.
A spokesman for AIG declined to comment on AIG’s plans for Chartis.
Chartis, formerly known as AIU Holdings, was formed earlier this year through the combination of AIG’s domestic and foreign property/casualty insurance businesses. AIG’s previous CEO, Edward Liddy, had announced in April that the insurer was accelerating the separation of the unit to prepare for a sale or public offering of a minority stake, although no date had been set.
Tags: Report
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White House urges support for reform bill ahead of votes
December 21st, 2009
“While it is not perfect, the bill pending in the Senate today is not just good enough — it is very good,” Vice President Joe Biden wrote in a New York Times opinion piece.
Democratic holdout Ben Nelson announced his support for the legislation on Saturday after securing language ensuring that federal funds would not be used to pay for abortions and winning extra health care funds for his state of Nebraska.
Sen. Nelson’s support gives Sen. Reid the 60 votes he needs in the 100-seat Senate to pass Obama’s top domestic priority by Christmas.
Tags: Bill, Bill Ahead
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Comparing the Health Care Bills
December 21st, 2009
It looks as though the Senate will pass a bill.
In the early hours…of the shortest day of the year…the Senate overcame the first of three Republican roadblocks. Two more procedural attempts to derail the legislation before Christmas will occur; but it is likely the Democrats and other supporters will sweep those aside and we will have a Senate bill.
The bill differs a great deal from the bill passed by the House. There will need to be a consolidation of the plans.
I have not read the complete Senate bill. Giveaways to really small populations to overcome their Senator’s blackmail is not what I like to read about.
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Xinsurance to Showcase Aircraft & Pilot Liability Insurance at HELI-EXPO
December 19th, 2009
HELI-EXPO is the world’s largest tradeshow dedicated to the international helicopter community will be held from February 20th through the 23rd in Houston, Texas. Events will include the HAI Safety Symposium, HAI’s Annual Membership Meeting and Breakfast and HAI’s “Salute to Excellence” Awards Banquet.
Other events include many hours dedicated to exhibits. Xinsurance will be present during exhibit hours, which run from February 21-23. Xinsurance offers aircraft and pilot liability insurance, which protects pilots, certified flight instructors, flight students, helicopter pilots and airplane pilots.
Pilots, flight instructors and even students using someone else’s aircraft for school, pleasure or a contract job can be held liable for any damage done to an aircraft, not the aircraft’s owner. Xinsurance co
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Auto parts maker seeks PBGC takeover of pension plans
December 17th, 2009
The Pension Benefit Guaranty Corp., which would take over the plans, said the three plans sponsored by Van Buren, Mich.-based Visteon are underfunded by about $544 million. The PBGC would be liable for about $444 million in unfunded guaranteed benefits.
The plans have about 21,000 participants.
Visteon filed its proposal Thursday in U.S. Bankruptcy Court in Wilmington, Del.
Tags: Plans
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Physician Insurance
December 17th, 2009
Find Physician Insurance at Commercial Insurance.NET. Fill out a request or call the 877 number to speak with an agent who can get you a price indication for Physician Insurance. Agents at Commercial Insurance.NET take pride in building relationships over the phone and will construct a plan that includes a Business Owners Policy covering General and Property Insurance. In addition the agent can research Professional Liability to cover Medical Malpractice. Physician Insurance doesn’t have to be complicated and Commercial Insurance.NET will give you quotes from multiple companies.
Tags: Insurance, Physician Insurance
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