Insurance Information

December 9, 2008

In a recent report released by the U.S. Government Accountability Office (GAO), it is cited that premiums charged by the National Flood Insurance Program (NFIP) are insufficient to cover the risk. The report advises that the methods for rate setting be reconsidered.

Vice president and senior credit officer at New York-based Moody's Investors Services Inc., Stephen Zaharuk, says that a number of things happening in the health care space are unsettling. As an example he points to the Obama administration's call for national health reform. In addition to this he cites cuts in federal funding of the Medicare Advantage program and also the enrollment losses as the result of increasing layoffs.

December 5, 2008

President-elect Barack Obama has begun laying the basis for overhauling the troubled U.S. healthcare system, making overtures to interest groups and setting up grass-roots support for the massive undertaking.

December 5, 2008

According to Maurice "Hank" Greenberg, the former American International Group Inc. CEO, the company could quickly fall apart if management doesn't come up with a unified recovery plan.

He said Thursday in an interview that it is not possible to maintain an organization that is drifting in the way this company is. He said that if action is taken now the company can still be fixed. He added however, that this may not be the case two or three months from now.