1:45 p.m. March 31 — Sen. Ray Tenorio yesterday introduced a bill that would shield life insurance and annuity proceeds from creditors’ claims.
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The village Finance Committee met Monday to discuss changing the municipality’s short-term and long-term disability provider from Assurant to Fort Dearborn Life Insurance Co.
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The home repair retailer has laid off thousands of workers and closed underperforming stores since the recession began, The Atlanta Journal-Constitution reported Monday. Top executives have also seen perks vanish, such as long-term life insurance, use of company cars and reimbursements for certain tax payments, the newspaper said. A Securities and Exchange Commission filing said executive salaries were little changed in 2008. Blake’s base salary rose by $5,769 to $1.013 million read more
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Joe Cassano is going down… as soon as the FBI finds a parking spot on Oxford Street ( ABCNews ) Cerberus to satisfy mounting hedge fund redemptions with shares in illiquid SPV ( Bloomberg ) Life insurance companies’ fate tied to stocks ( WSJ ) Macquarie troubles escalating, cash bonuses not so much ( Bloomberg ) OECD sees 10% unemployment in developed countries without exception; time to revise the budget deficit yet? ( FT ) Food for thought for bottom hunters… hopefully not the Haine
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“FDIC Deposit Insurance Coverage” “The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds. FDIC insurance covers funds in deposit accounts, including
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