AMP Hints it May Improve AXA Asia Bid
Australia’s No.2 wealth manager AMP Ltd signaled on Thursday that it had room to improve its $11.6 billion bid for AXA Asia Pacific, but said it had yet to decide on its next move. AMP is in a bid battle …
Anthem Blue Cross Agrees to Delay Rate Increase
Anthem Blue Cross has agreed to a Feb. 8 request by California Insurance Commissioner Steve Poizner to delay its individual health insurance rate increase until May 1 to allow an independent actuary to review their rates, the California Department of …
IRS, States Target Employers’ Use of Independent Contractors
The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has learned. The practice costs governments billions …
California Continues To Evaluate Insurers’ Iranian Investments
California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments that an insurer holds in …
US Climate Envoy Says China Tepid on Climate Change Agreement
A senior U.S. official Tuesday criticized China and other leading developing countries for trying to weaken the Copenhagen Accord to fight global warming and raised the prospect that a fuller international pact may be not be struck by year’s end. …
Buffett, Paulson Agree U.S. Economy Needed Tough Medicine
Former U.S. Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support Tuesday for the U.S. government’s aggressive steps in 2008 to keep the nation’s banks and economy from a complete meltdown. …
California Regulator Wants Anthem Blue Cross To Postpone Rate Increase
California Insurance Commissioner Steve Poizner, responding to a dramatic proposed rate hike by WellPoint’s California affiliate, Anthem Blue Cross, has called on WellPoint executives to postpone the rate increase, allowing the California Department of Insurance proper time for an independent …
Auto Injuries, Fatalities Down in Texas
The Insurance Council of Texas reports that the number of people injured and killed in automobile accidents in Texas has continued to decline since 2003. Both fatalities and injuries are down more than 20 percent since the Texas Department of …
65 Speed Limit
With the economy’s ill health continuing and their own personal health improving, America’s senior citizens are not retiring like they used to. In fact, more of them are working every day. Since the late 1980s, the labor force has seen …
Tennessee Delays Workers’ Comp Mandate
The Tennessee General Assembly has voted to delay a state law that requires workers’ compensation coverage for sole proprietors and partners in the construction business who were previously exempt. The vote pushed back the effective date of the law until …
