| Government exempts insurance companies from income tax | | Posted Sunday, May 07, 2006 2:54:41 PM by Blog57 Team | Insurance companies of Uzbekistan have been exempt from the payment of income tax and single tax payment for the period of three years.
As reported earlier, on 17 April the President passed a Resolution "On the measures to speed up the development of services sphere in the Republic of Uzbekistan in 2006-2010".
The document was developed and adopted with the aim of creating favourable conditions for the intensified development of the services sphere, growth of its contribution to the national economy, expansion of the number of people employed in the sphere, and corresponding rise in the income of the population, as well as saturation of the domestic consumers market with high quality services.
According to the resolution, along with other companies of the services sphere, insurance companies are freed from the payment of the income tax and single tax payment of legal entities for the period of three years starting 1 April 2006.
Resources:
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| | | Thompson Says He'll Investigate Insurance Companies | | Posted Wednesday, January 17, 2007 3:07:30 PM by Blog57 Team | | A federal judge's ruling in favor of a Biloxi couple in a Hurricane Katrina insurance lawsuit will prompt a congressional investigation into insurance companies' denial of claims, Rep. Bennie Thompson, D-Miss., said Friday. "This ruling is just the latest example of insurance companies engaging in a systematic effort to avoid paying Katrina victims for destruction caused by wind damage," Thompson, chairman of the House Homeland Security Committee, said in a statement from his Washington office. "Working with other committees of jurisdiction, I will be investigating the assertions that insurance companies are wrongfully passing the costs of Katrina onto an already-burdened federal flood insurance program," Thompson said. U.S. District Judge L.T.... | |
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| | | Insurers not to blame, business lobby says | | Posted Friday, January 05, 2007 1:03:09 PM by Blog57 Team | | TALLAHASSEE ? Florida's largest business lobby on Thursday unveiled its recommendations on how to lower property insurance rates. Key among them: Go easy on the insurance industry. "It is easy and perhaps even popular to blame the insurance companies for our problems, but ? we should not do anything to further restrict the number of insurance companies who will do business in Florida," said Barney Bishop, president of Associated Industries of Florida. The Legislature is scheduled to hold a special session on how best to grapple with soaring insurance prices beginning Jan. 16. Gov. Charlie Crist, expected to release his own proposed solutions next week, said his biggest concern is bringing down "exorbitantly high" premiums driven by two punishing hurricane seasons in 2004-05.... | |
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| | | VITAL SIGNS: Unmarried Couples More Likely To Lack Health Insurance | | Posted Tuesday, November 14, 2006 7:21:08 AM by Blog57 Team | | SAN FRANCISCO (Dow Jones) -- People in unmarried partnerships are much less likely to have health insurance than married couples, and the effect is greater for heterosexual cohabiters than it is for homosexual ones, according to a recent study. "People in gay couples are about twice as likely to be uninsured and people in opposite-sex couples are three times as likely to be uninsured [compared with] married people," said M.V. Lee Badgett, research director of the University of California-Los Angeles' Williams Institute, a think tank that researches sexual- orientation law and public policy. Twenty percent of people in same-sex couples are uninsured, compared with only 10% of married people and 15% of the overall population, according to the institute's study, which analyzed data from the federal Bureau of Labor Statistics and was published in October's issue of the journal "Contemporary Economic Policy." Unmarried heterosexuals with partners fared even worse, with almost a third uninsured, the study found.... | |
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| | | Judge delays Katrina insurance lawsuits | | Posted Saturday, November 11, 2006 11:15:33 AM by Blog57 Team | | GULFPORT, Miss. Six lawsuits against insurance companies over damage claims from Hurricane Katrina that were once set for trial in 2007 have been delayed by U-S District Judge L-T Senter Junior. The Scruggs Katrina Group filed lawsuits against Nationwide, State Farm and Allstate insurance companies. A judge decided the Mississipppi policyholders would have to sue separately. The first case had been set for trial on January 29th. Five more cases were to follow. However, Senter said in a recent order that when the first case was amended to delete all but one plaintiff, the attorneys added a new claim accusing State Farm of a companywide scheme to defraud and deceive policyholders. State Farm answered the complaint, denying the scheme. State Farm also asked that the trial be delayed, based on the new charge.... | |
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| | | Philadelphia Insurance Companies Introduces Employed Lawyers ... | | Posted Thursday, November 09, 2006 1:25:02 PM by Blog57 Team | | Protection is provided to the in-house attorney for claims arising from legal professional services including matters where indemnification by the employer is not permitted or withheld. Claims alleging malpractice against the in-house attorney, which are excluded under many directors and officers policies are covered and may be brought by third parties as well as their employer and shareholders. .... | |
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| | | Top 10 insurance cos boost collected premiums 17% in 9 mths | | Posted Wednesday, November 08, 2006 7:03:46 AM by Blog57 Team | | MOSCOW. Nov 7 (Interfax) - The top ten insurance companies increased collected premiums, not including mandatory medical insurance, 17.2% year-on-year in January-September 2006, according to the Federal Insurance Watchdog Service. The top ten insurance companies accounted for 44.5% of premiums in the ten months. The top ten collected 133.9 billion rubles in premiums and paid out 54.2 billion rubles. The top ten insurance companies include Rosgosstrakh, Ingosstrakh, SOGAZ, Reso-Garantiya, ROSNO, Military Insurance Company, Soglasiye, AlfaStrakhovaniye, ZhASO and Capital Insurance. .... | |
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| | | Cameroon: Insurance For All | | Posted Sunday, November 05, 2006 11:08:20 AM by Blog57 Team | | Insurance companies compete in the services they offer to all classes of people. As one moves around the streets in major towns in Cameroon, bill boards, banners and marketing agents, welcome one advertising the wonderful services of insurance companies to the general public. Names of insurance companies such as the Satellite Insurance Company, Beneficial Life Insurance Company, are known in many households. .... | |
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| | | Insurance companies seek to provide options, gain profits | | Posted Thursday, November 02, 2006 6:59:04 PM by Blog57 Team | | Florida homeowners facing rising insurance premiums and a tough time finding coverage make up the target market for three Tampa Bay area startups. Edison Insurance Group in St. Petersburg and HomeWise Insurance Co. in Tampa are among seven firms statewide writing homeowners' insurance that received certificates of authority from the Florida Office of Insurance Regulation in the first nine months of 2006. .... | |
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| | | Foreign insurance companies to play bigger role in domestic market, official | | Posted Monday, October 30, 2006 7:07:29 PM by Blog57 Team | | China will encourage foreign insurance companies to operate in the domestic market, according to a China Insurance Regulatory Commission (CIRC) official. "In 2004, in line with its WTO commitments, China opened its insurance sector to foreign capital. But in the initial period foreign insurance companies have encountered difficulties," said Meng Zhaoyi, head of the international department of CRIC. Different expectations and backgrounds meant that the foreign companies often failed to adapt their business to the Chinese context. "China will allow foreign insurance companies to buy stakes in China-owned insurance firms so that the foreign companies can get involved in the day-to-day running of the business and deploy their management expertise," said Meng.... | |
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| | | Judge orders mediation in dozens of Katrina insurance cases | | Posted Friday, October 27, 2006 11:05:28 AM by Blog57 Team | | GULFPORT, Miss. -- David Rideout braced for a grueling court battle when he sued Allstate Insurance Co. for denying his claim after Hurricane Katrina destroyed his home on Mississippi's Gulf Coast. To his surprise, all it took was two hours behind closed doors for both sides to work out their differences without a trial. Rideout said the agreement should enable him to rebuild. Rideout, 50, was one of the first participants in an experimental mediation program designed to ease the crushing load of lawsuits spawned by last year's epic storm, which damaged or destroyed more than 250,000 homes in Louisiana and Mississippi. With hundreds of Katrina lawsuits clogging his docket, U S District Judge L.T. Senter Jr. has ordered several dozen plaintiffs and their insurers to sit down with a mediator and try to resolve their differences, or face "appropriate sanctions." Settlements were reached in seven of the first 17 cases to go to mediation, including Rideout's two weeks ago.... | |
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