The Bush administration announced new rules Monday that will require certain insurance companies ... BUSINESS ROUNDUP...

Submitted by admin on Tue, 2005-11-01 12:00. ::

The Bush administration announced new rules Monday that will require certain insurance companies to take steps aimed at catching drug dealers, terrorists and others involved in money laundering.

Insurance companies covered by the new rules would have to train employees to detect money-laundering methods, establish policies and procedures to identify risks and minimize opportunities for abuse, and commission independent audits. They also would be required to file reports on suspicious financial transactions to the federal government.

Federal regulators approved SBC Communications' takeover of AT&T and Verizon Communications' purchase of MCI on Monday in a move consumer activists called anticompetitive.

By 4-0 votes, the Federal Communications Commission approved a compromise adding several conditions - but also removing the last regulatory barriers - to the multibillion-dollar mergers.

Almost all of those solutions can be found in the 2005 Holiday Shipping and Mailing Guide, being sent to every residential household in America. The guide provides clear, concise information on services, shipping options and Postal Service products, with an emphasis on convenience to the customer.

The eight-panel, brightly colored guide builds on the theme of this year's holiday stamps, and features a series of decorated cookies to highlight each shipping and mailing tip. The Pillsbury Doughboy(TM) also makes an appearance, providing some creative tips for decorating the perfect holiday cookie.

The Postal Service issued its first guide last year. Independent consumer research showed that nearly 40 percent of those surveyed remember receiving and seeing the guide and that more than two-thirds of those consumers used the information in the guide.

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