Introduction - Welcome!
The Morrell Insurance Newsletter!
This Newsletter is sponsored by Wm. E. Morrell Inc.(Morrell Insurance, founded in 1909) for the purpose of having [...]
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Life-insurance companies shares have surged lately, and some have stated they do not require government financial assistance from the TARP. Downgrades for insurance stocks by rating agencies have also halted. Just a few months back, financial stocks including insurance companies were in a melt down - stocks were falling and downgrades were a daily activity. WASHINGTON (Dow Jones)–Chief executives of the U.S. property-casualty insurance sector rejected proposals for the industry to receive federal bailout funds, a stark contrast to lobbying efforts by life insurance carriers to obtain access. Introduction - Welcome! This Newsletter is sponsored by Wm. E. Morrell Inc.(Morrell Insurance, founded in 1909) for the purpose of having [...] State Insurance Regulators are meeting in Texas this weekend to discuss the options of reducing the capital requirements of life insurance carriers. This should also apply to annuity contract carriers as well since Universal Life contracts are actually term life contracts mixed with an annuities. Life insurers are seeking ways … Recently, (December 5th) The Hartford held a New York Investment Meeting which reported a strong financial balance sheet. Although, it is apparent from their news release summary for this meeting that the insurance company does not require TARP funding, The Hartford several months ago applied for the funding. Possibly, … The Hartford held a New York Investor meeting yesterday, December 5th 2008. The summary from the meeting can found as a news release from their web site. The Hartford reported that "OPERATING BUSINESSES PERFORMING WELL" and also reported that "The Hartford is well capitalized and has ample liquidity. Our statutory … The Wall Street Journal reported today that AIG is focusing on stream-lining its business to focus on Property and Casualty insurance (P&C). The struggling Insurance Company is trying to pay down it’s debt to the US government by finding buyers for its other business units.AIG has agreed to sell its … Are CDS Insurance?Credit Default Swaps(CDS) are used as insurance for risk protection against defaults of bonds and mortgages. Although they are like insurance they actually are not based onthe same principles as insurance. Hence, they are not allowed to be sold as insurance. A slight diversion, rental car protection is never … Credit Default Swap (CDS) Volumes Decreasing |
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