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Board Members & Directors Liability Insurance

January 1, 2010 – 8:57 pm

With the US economy in the middle of the worst financial crisis since the Great Depression, company leaders are being looked at to not only help the company stay afloat, but also as to whether or not they’re doing the right thing legally. As more and more board members and directors of companies are exposed for fraudulent activities such as wrongful acts or errors and omissions, now is the time to make sure you are not only doing what’s best for your company, but also that you stay protected in the event that you are wrongfully accused of such acts.

This is why board member and director liability insurance plans are so crucial to have because as legal costs of defending yourself balloon, you will have the coverage to back you up. No

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Interview Thank You Note Tips

December 30, 2009 – 4:24 am

When you go on a job interview, it is absolutely essential that you send a thank you note to the potential employer. This is usually a simple handwritten note of thanks for them taking the time to interview you and consider you for the position. It is also an opportunity for the employer to see your name again, and that is always a good thing. Here are several tips for interview thank you notes that you can use the next time you apply for a job:

First and foremost, it is important that you take the time to write the note by hand. Sending a thank you note that is not handwritten comes across as rushed and insincere.

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Property/casualty sector recovering: Moody’s

December 29, 2009 – 1:19 pm

The recovery in 2009 “follows a very poor year in 2008, and it occurred in spite of a weak pricing environment for all insurance products,” New York-based Moody’s said in a statement.

The rating agency cautioned, however, that significant challenges exist for the industry as it moves into 2010.

There is little evidence of a potential turn in the pricing cycle, so revenue declines are highly likely while investment volatility remains high “in light of the fragile state of the economy and capital markets,” Moody’s said in the statement.

The report, Deterioration in U.S. P&C Insurance Seen in Key Financial Ratios, is available at www.moodys.com.

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System to keep air travel safe failed: Napolitano

December 27, 2009 – 1:50 pm

“It did,” Ms. Napolitano said in an interview on NBC’s Today Show, when asked if the system “failed miserably.”

“And that’s why we are asking—how did this individual get on the plane? Why wasn’t the explosive material detected? What do we need to do to change” the security watch list rules, she said.

Umar Farouk Abdulmutallab has been charged with trying to blow up Northwest Airlines flight 253 as it approached Detroit from Amsterdam on Christmas Day with almost 300 people on board. Passengers and crew overpowered him after he set alight an explosive device attached to his body.

On Sunday, Ms. N

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Senate Passes Health Care Reform Bill – A Look at Differences in Bills

December 25, 2009 – 5:30 am

The Senate has passed its version of health care reform. Now there are two bills and reconciliation must take place.

Let’s look at some key differences (to the extent time would allow I have garnered these differences directly from the legislation or from legislative summaries) between the Affordable Health Care for America Act (House) and the Patient Protection and Affordable Care Act:

• How Will Effect Employers? – Larger employers will be mandated to provide coverage by both versions. The Senate Bill requires coverage for employers with more than 50 employees and will penalize the employer at $750 per employee if the employee is receiving subsidized coverage.

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Senate passes broad health reform bill

December 23, 2009 – 4:47 pm

“This is a victory for the American people,” Senate Democratic leader Harry Reid of Nevada told reporters afterward.

The vote clears the way for tough negotiations in January with the House of Representatives, which approved its own version on Nov. 7 that features different approaches on taxes, abortion and a proposed new government-run insurance program.

Once House-Senate negotiators agree on a single bill, each chamber must approve it again before sending it to Obama to sign into law. Democrats hope to finish work before Obama’s State of the Union address in late January.

“This fight is long from over,” said Republican Senate leader Mitch McConnell of Kentucky “My colleagues and I will work to stop this bill from becoming law.”

The Christmas Eve Senate session–the first since 1895–fulfilled a pledge by Sen.

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