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Thank you for viewing this material. We are pleased
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date information regarding risk management, insurance
industry news, products and changes.
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AIG
raised about $20 billion in capital:
CEO
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NEW YORK (Reuters)-American International Group Inc.
Chief Executive Martin Sullivan told investors on
Tuesday the company's recent issue of equity and debt
raised about $20 billion, far more than initially
expected.
Mr. Sullivan, speaking at an investor
conference in London, said that the capital raising,
announced after AIG's record $7.8 billion first-quarter
loss earlier this month, was seen giving AIG the ability
to invest in and support future growth, while at the
same time positioning the company for any further
volatility in the credit markets.
Read
on...
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| House passes genetics discrimination bill
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WASHINGTON-The House of Representatives passed the
Genetic Information Nondiscrimination Act by a vote of
414-1 Thursday.
The
bill-S. 358-which the Senate had already approved, bans
employers from firing, refusing to hire or otherwise
discriminating against workers with respect to
compensation and other terms of employment. Employers
are banned from requesting, requiring or buying genetic
information.
The
measure also prohibits group health plans or issuers of
individual health care policies from basing eligibility
determinations or adjusting premiums or contributions on
the basis of genetic information. The measure bans
health plans and insurers from requesting, requiring or
purchasing the results of genetic tests. They would also
be forbidden from disclosing genetic
information.
The measure
now goes to President Bush, who is expected to sign it
into law. |
| HSA
contribution caps, deductibles to rise in 2009
|
WASHINGTON-The maximum
contributions that can be made to health savings
accounts will increase next year, the Internal Revenue
Service said Tuesday.
In addition, the minimum
deductible imposed on health insurance plans linked to
HSAs and the maximum out-of-pocket expenses that
employees can be required to pay also will rise, the IRS
said.
Read
on... |
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Sincerely,
Santa Maria &
Company
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FEATURED
ARTICLE
New Contact Emails
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In
an effort to streamline processes for our clients, we
have created three new emails addresses for several
routine tasks. Requesting Certificates of
Insurance and MVRs is now easier than ever, and all new
Claims can be submitted to one email address.
Certificates of
Insurance
certificates@santamariarisk.com
MVRs
mvrs@santamariarisk.com
Submit a New
Claim
claims@santamariarisk.com
If you
have any questions, please don't hesitate to contact our
office.
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