George W. Bush News

Declarations

Diverse Ownership “Many new agencies are forming, typically with a more diverse and younger leadership, demonstrating the strength of the independent agency system and the potential for growth.” —Robert Rusbuldt, president and CEO, for the Independent Insurance Agents & Brokers …

Senate Expected to Pass Tax Cuts; House Democrats Balk at Estate Tax

President Barack Obama’s sweeping plan to extend expiring tax cuts for millions of Americans headed for overwhelming passage in the U.S. Senate on Wednesday as it moved through Congress. While the Senate neared a rare bipartisan vote on the bill …

Senate Passes Tax Cut Plan, 81-19

A deal that President Barack Obama struck with Republicans to extend expiring tax cuts for nearly every working American and spur job growth sailed through the U.S. Senate Wednesday. The Senate passed the legislation in a 81 to 19 vote. …

Obamacare Individual Mandate Found Unconstitutional by Federal Judge in Virginia

A U.S. judge in Virginia Monday declared a key part of President Barack Obama’s landmark healthcare law unconstitutional in the first major setback on an issue that will likely end up at the Supreme Court. U.S. District Judge Henry Hudson, …

Appeals Court in California Reverses Itself in Armenian Insurance Suit

A federal appeals court last Friday reversed itself and now says the heirs of Armenians killed in the Turkish Ottoman Empire can seek payment from companies that sold their relatives life insurance. The 9th U.S. Circuit Court of Appeals in …

Key Facts and Provisions of U.S.-South Korea Trade Deal

The United States and South Korea are working to resolve beef and auto trade issues blocking U.S. congressional approval of a free trade agreement while President Barack Obama is in Seoul for the Group of 20 summit. An announcement is …

U.S. Says ‘End is in Sight” on Russia’s Bid to Join the WTO

Russia could join the World Trade Organization within a year after talks on Moscow’s 17-year-old bid made good progress, President Barack Obama’s senior economic adviser said on Wednesday. “We are certainly hopeful that well before 12 months from now, this …

Homeowners Insurance an Issue in Texas Gubernatorial Campaign

Former Houston Mayor Bill White, a Democrat campaigning to replace Repub-lican Rick Perry as governor of Texas, says homeowners insurance rates in Texas are too high and should be more regulated. White said Texans pay an average $626 more than …

Obama Seeks BP Escrow Account to Cover Oil Claims

President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address …

Chiquita Faces New $1 Billion Lawsuit by Colombian Families

Nearly 250 Colombians who say they and relatives were victims of violence by Colombian right-wing paramilitaries have filed a lawsuit seeking more than $1 billion in damages from the Chiquita banana company, which has admitted making payments to paramilitaries. The …