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Insurance Department Offers Important Tips to Vacation Travelers
HARRISBURG, Pa., July 25 /PRNewswire-USNewswire/ -- The Pennsylvania Insurance Department today reminded consumers who are planning vacations to consider if purchasing travel insurance will help to protect their investment and peace of mind. "Buying travel insurance can protect you from the loss of non-refundable travel costs, including airfare, hotel and tour expenses," said Cindy Fillman, director of Insurance's Office of Consumer Liaison. "With a host of companies offering various types of protections, consumers can avoid costly trip cancellations due to everything from severe weather and illness or personal emergency, to bankruptcy of the travel agency or cruise line." The newest edition of Consumer News You Can Use newsletter highlights travel and car rental insurance and discusses various coverage options for consumers.
First BanCorp Files Form 10-K for 2006 and Reports Results for the ...
SAN JUAN, Puerto Rico, July 9 /PRNewswire-FirstCall/ -- First BanCorp (the "Corporation") today announced its results for the 2006 fiscal year and the filing of its Annual Report on Form 10-K with the Securities and Exchange Commission ("SEC") for the year ended December 31, 2006. For the year ended December 31, 2006, First BanCorp reported net income of $84.6 million, or $0.54 per common share (basic) and $0.53 per common share (diluted). Net income in 2005 was $114.6 million, or $0.92 per common share (basic) and $0.90 per common share (diluted). Results for 2006 included one- time expenses of $20.6 million in legal, accounting and consulting fees related to the Audit Committee's internal review and related legal and regulatory issues and a $68 million non-cash net loss resulting from the valuation of derivatives.
Auto talks may solve potential health care crisis
DETROIT - No matter how much of the $96,000 hospital tab Don Hartman has to pay for quintuple bypass surgery, he's still grateful for his health insurance from General Motors Corp. Hartman, 79, a retired auto worker from Salem, Ohio, still hasn't received all the bills from his February operation and he doesn't know exactly what his portion will be. But just who pays the health care tab for Hartman and thousands of others like him is likely to be the major issue as contract talks open between Detroit's three automakers and the United Auto Workers union. GM, Ford Motor Co. and Chrysler Group would like to get rid of what amounts to an estimated $90.5 billion unfunded liability for retiree health care, a problem that is just now coming to the forefront in the auto industry and one that has yet to be handled by many companies and even governments nationwide.
Horace Mann Reports Results for Second Quarter
SPRINGFIELD, Ill., Aug. 1 /PRNewswire-FirstCall/ -- Horace Mann Educators Corporation today reported net income of $23.1 million (52 cents per share) and $46.4 million ($1.04 per share) for the three and six months ended June 30, 2007, respectively, compared to net income of $27.5 million (61 cents per share) and $50.7 million ($1.11 per share) for the same periods in 2006. Included in net income was a net realized loss on securities of $0.9 million ($0.6 million after tax, or 1 cent per share) for the second quarter of 2007 and net realized gains of $2.6 million ($1.7 million after tax, or 4 cents per share) for the six months ended June 30, 2007. In 2006, net realized investment gains were $1.7 million ($1.1 million after tax, or 2 cents per share) and $4.5 million ($2.9 million after tax, or 6 cents per share) for the respective three and six month periods.
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