sector roundup: insurance, airlinesshares of insurance companies were mixed tuesday, with the broader market fluctuating after a huge sell-off as top economic officials updated congress about efforts to hammer out a $700 billion financial rescue for troubled credit markets.house agrees to flood insurance extensionwashington -- a seven-month extension of the federal flood insurance program won house approval late tonight, but still needs senate passage to allow agents to keep writing new policies past next tuesday. that's when the government-backed program is set to...california legislative session positive on insurance issuesthis year's California legislative session has been a relatively positive one for property/casualty insurers and their customers, according to the Association of California Insurance Companies. Lsec chief cox urges regulation of debt insurancewashington -- securities and exchange commission chief christopher cox urged congress tuesday to regulate a type of corporate debt insurance that figured prominently in the country's financial crisis. |
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