| Prudential Financial Announces Strategic Partnership with the ...
NEWARK, N.J.--(BUSINESS WIRE)--March 22, 2007--Prudential Financial, Inc. (NYSE:PRU) announced today the signing of a sales partnership agreement with the National LTC Network, Inc., one of the leading long-term care insurance marketing organizations in the country. Throughout its 13-year history, the Network has committed itself to improving knowledge and awareness of long-term care issues and to promoting innovation in product design and distribution. "The Network has been one of the driving forces behind sales, product innovation and education in our industry," said Eric Holtzman, vice president, marketing and sales of The Prudential Insurance Company of America's Long-Term Care Insurance business. "We are extremely pleased to be selected by the Network to be one of their endorsed LTCi carriers." As a top-10 seller of long-term care insurance and one of only a handful of companies offering both individual and true-group products, Prudential is well positioned to provide Network Associates and their clients a full array of LTC insurance solutions for individuals, groups and associations.
High Point and Prudential Announce 5 Year Extension of ...
RED BANK, NJ -- (MARKET WIRE) -- March 13, 2007 -- High Point Auto Insurance, a leading provider of personal automobile insurance in the State of New Jersey, and Prudential Financial announced the extension of the existing distribution agreement between High Point and Prudential Insurance Agency, Inc., an affiliate of Prudential Financial that manages retail agency sales of High Point individual personal lines property and casualty products by Prudential Agents. The original agreement commenced on November 1, 2003 as part of the Palisades Group's purchase of Prudential Financial's New Jersey property and casualty insurance companies. Upon purchase, the Palisades Group renamed the companies the High Point Companies. Since the sale, High Point has sold its products through an extensive network of over 300 Prudential Agents throughout the State of New Jersey.
LIC To e-enable Micro Insurance Agents
In a bid to increase its penetration into semi-urban and rural India, the Life Insurance Corporation (LIC) has pioneered micro-insurance.
3i infotech would develop and provide online/offline micro-insurance agent software to the insurance company. The application would be accessible to 10,000 agents, self- help groups and micro finance institutes across India. This is LIC's effort to issue one crore policies over the next two to three years in these regions.
The policy would be available for a minimum of Rs 5,000. The goal is to empower the masses to financially protect themselves, a news release said here today.
The software will enable the micro insurance agents to completely manage their insurance portfolio and provide them with reporting capabilities.
bellwetherreport.com: Morning Alert for Countrywide Financial Corp.
Countrywide Financial gives credit where credit is due. One of the largest independent residential mortgage lending firms in the US, the company writes, sells, and services mainly prime first mortgages for single-family homes through its Countrywide Home Loans subsidiary. It also offers home equity loans, commercial mortgages, and subprime home mortgages. In addition, Countrywide Financial is a broker/dealer of mortgage-backed securities; underwrites and sells property/casualty, health, and disability insurance (mainly through Balboa Insurance Group); and runs Countrywide Bank. Countrywide Financial operates approximately 1,000 branch offices in all 50 states and Washington, DC. Shares were down 3% as the company will lost 2 board members. BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio.
Vermont taxes: The highest, or just real high
WASHINGTON — Vermonters have been ranked the smartest and healthiest in the nation, and are told they live in one of the safest and most livable states, too. Now, Vermonters have another top accolade, the most taxed. Vermonters shoulder the highest state and local tax burden, as a percentage of their income, than residents of any other state in the nation, according to a new report. Vermont, which ranked second last year, edged out Maine by a mere one-tenth of a percentage point to take top honors this year, according to a report issued Wednesday by the Tax Foundation. According to the report, 14.1 percent of Vermonter’s income will go to pay all state and local taxes. Maine was second with 14 percent, New York was third with 13.8 percent. Since October, Vermont has received top honors from the Kansas-based Morgan Quitno Press, which ranks cities and states in a variety of ways.
Effects of a decade of aggressive lending
Her house scheduled for a sheriff's sale May 1, Domeeka Lawrence prepares to move from Southwest Philadelphia. The cost of subprime loans to families and neighborhoods is huge, experts say. (Click "More photos" to see map, chart and another picture.) .
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