Latest House Insurance News

House votes to block funds for healthcare law
Republicans in the House continued their attack on the healthcare overhaul law, adding measures to prohibit enactment to a key spending bill. A separate effort to cut all federal spending to 2008 levels fails. WASHINGTON — A full-scale attack on the healthcare overhaul law advanced Friday as the Republican-led House attached several measures that would prevent the legislation’s enactment to a …
Read more on Los Angeles Times

Lawmakers question insurer’s severance packages
share: digg facebook twitter State lawmakers plan to grill officials of the Texas Windstorm Insurance Association on Tuesday, following the revelation that the insurer is paying more than $ 160,000 in severance to two top claims supervisors who left in December. The association, which sells wind coverage to owners of hurricane-vulnerable homes who can’t buy it elsewhere, has grown in recent years …
Read more on San Antonio Express-News

Insurance House to launch its IPO on 27 February
Abu Dhabi, 15 February, 2011 – Insurance House, an under establishment Abu Dhabi-based insurance company, today announced that the Initial Public Offering (IPO) of 55 per cent (or AED 66 million) of the Company’s authorized share capital of AED 120 million will be launched on 27 February, 2011. The Founders share of capital of AED 54 million (or 45% of capital) has been subscribed with Finance …
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