Business Services Industry
In Brief.(Aon Corp. acquired Valley Oak Systems)(Disaster insurance)(George W. Bush signed tax legislation of health savings accounts)
Business Insurance, December, 2006
Bush signs tax bill with HSA changes President Bush last week signed into law tax legislation that will significantly boost the appeal of health savings accounts. The HSA provisions, incorporated in the broader tax bill H.R. 6111 that received congressional approval earlier this month during the brief post-election session, will allow significantly larger contributions to HSAs and will ease interaction problems related to flexible spending account grace periods and HSAs.
Cat losses total $15B in 2006 Natural and man-made catastrophes in 2006 caused insured losses of $15 billion and total economic losses of $40 billion, according to preliminary estimates from Swiss Reinsurance Co. To date, only three catastrophe events this year have caused insured losses...
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