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November 8, 2009 - 10:21 am
News Feed: Texas
8 years later, insurance reform back on the table.
By johncoby@sbcglobal.net (John Coby), Bay Area HoustonHank Gilbert running for Texas Governor has released a plan for insurance reform in Texas. For those who didn't pay attention in 2002, or haven't paid attention to your homeowners rates over the last 8 years, here is what Governor Perry said in 2002 campaign:
"In recent months, there have been troubling trends in the homeowner's insurance market in Texas," said Governor Perry. "In too many cases, homeowner's insurance is getting more expensive, coverage is becoming harder to get, and instead of more companies stepping up to meet the demand, some companies have stopped writing comprehensive policies altogether."
Nothing ever happened except homeowners insurance got more expensive (
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AF
Cadbury on Monday rejected a hostile cash and shares bid from Kraft that valued the UK confectionery group at ￡9.8 billion ($16.5 billion) or 717p a share, after the U.S. foods group formalized the terms of an indicative offer it made two months ago.
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Shares in Cadbury, which had been trading higher in morning trading in London, fell 15p or 2 per cent to 743p after Kraft announced its bid.
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Describing the offer as "derisory", Cadbury noted that the cash price per share and exchange ratio were unchanged from Kraft's indicative offer, but the fall in Kraft's share price since then meant that the implied value for each Cadbury share was around 4 percent lower.
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