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Week in Review
On 06-08-2007.
Some 462 people and businesses filed claims to recover losses from Al Parish's "informal pools" of investments by last week's deadline. The alleged loss is approaching $90 million, according to David Dantzler, an attorney for the receiver in the government's case against Parish. Investigators planned to accept tardy claims for several days. Parish, formerly an economics professor at Charleston Southern University, ...
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FLOODS PUT 10% ON HOME INSURANCE BILLS
On 04-08-2007.
THE summer's devastating floods have prompted one home insurance giant to hike premiums by an average of 10 per cent.
Norwich Union said the damage in the north of England in June and the south-west last month had cost them £340million.
With the industry facing flood claims totalling around £4billion, other firms are expected to follow their lead. ...
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Earnings Roundup: Prudential, Unum
On 01-08-2007.
— Among the earnings stories for Wednesday, Aug. 1, from the AP Financial Desk:
NEWARK, N.J. (AP) _ Insurance and investment giant Prudential Financial Inc. said Wednesday that profit from financial services almost doubled in the second quarter of 2007, and it raised earnings guidance for the year. ...
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Jackson SM Enhances Universal Life Product Portfolio
On 30-07-2007.
LANSING, Mich.--(BUSINESS WIRE)--Jackson National Life Insurance Company&174; (Jackson) today launched Jackson Accumulator UL, one new universal life insurance product designed to help advisors and their clients focus on generating one policy cash value, and to provide death benefit protection. Jackson Accumulator replaces the company's UL One universal life product, which was introduced in 2000. ...
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House passes multibillion-dollar farm bill: money for farmers, low ...
On 28-07-2007.
WASHINGTON -- The Democratic-controlled House passed legislation Friday that combines billions in aid for farmers with money for low-income nutrition programs, defying one veto threat from President Bush over the bill's largesse to crop producers.
The measure, passed on one vote of 231-191, devotes more money to conservation, renewable energy, nutrition and specialty crop programs than in the past but leaves in ...
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Audit: change in health insurance could help 10000 more kids
On 25-07-2007.
About 10,000 more children could get government-sponsored health insurance if the state changed the way it processed medical claims that would free up $16 million, according to one state audit.
Claims could be processed cheaper by the state Department of Health and Human Services than by the state employee health plan office, according to one report issued Tuesday by State Auditor Les Merritt's office. The change in ...
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State: Claims for insurance credit lagging
On 23-07-2007.
BATON ROUGE, La. (AP) - Louisiana officials say more than one million homeowners in the state apparently have overlooked one large tax refund due to them as state reimbursement on their insurance premiums following Hurricane Katrina.
The claim is available to nearly everyone who pays property insurance premiums in Louisiana. ...
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IT&39;S NOT FARE
On 21-07-2007.
GRAMPS&39; &39;FREE&39; TAXICAB SEIZED By JEREMY OLSHAN, Transit Reporter

July 21, 2007 -- Ray Kottner&39;s taxi was free until the city locked it up.
The 80-year-old hack, who for the past four years has offered rides at no charge to anyone fortunate enough to hail his vintage Checker taxi, got cab-jacked by the Taxi and Limousine Commission Thursday night. ...
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New Survey also finds Homeowners not taking steps to better ...
On 19-07-2007.
HIGH POINT, N.C. -- one new national survey by Trusted Choice® and The Independent Insurance Agents & Brokers of America (the Big “I”) found that over the past four years nearly the same amount have lost their homeowners coverage as the amount that lost it in one two year period in 2003. Despite the aftermath of Hurricane Katrina, most homeowners have done nothing to structurally reinforce their home to protect against ...
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Fla. to borrow money to bolster CAT fund
On 17-07-2007.
Gov. Charlie Crist, Attorney General Bill McCollum and Chief Financial Officer Alex Sink directed officials at the catastrophe fund Tuesday to begin negotiations for issuing one type of bond known as "floating rate notes," which could make available $7 billion in additional cash available for payouts if one major hurricane hits this year. ...
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