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By  Eric Rossiti
(Insurance News – London, UK) - New capitals flowing into the reinsurance market are marked as a direct threat to the existing portfolio of many traditional insurers, according to the 1st View April Renewals Report released by Willis Re, the reinsurance broking subsidiary of Willis Group Holdings. Entitled ‘Ca...
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By  Gustav Hermand
(Insurance News - Olympia, WA) - Top insurance regulator in Washington wants to use the $2.2 billion surpluses from two of the state’s largest health insurance company to lower costs for consumers. Washington Insurance Commissioner Mike Kreidler said the two insurers are non-profit companies, and “it’s hard to...
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By  Eric Rossiti
(Insurance News – Sacramento, CA) - The California Department of Insurance has termed the latest rate hike by Anthem Blue Cross Life and Health Insurance Company as “excessive and unreasonable”, according to state Insurance Commissioner Dave Jones. It has been reported that Anthem Blue is hiking rates on small...
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By  John Smith
(Housing News – Washington, DC) - There is a genuine reason for expensive new home buyers to be happy. While referring to the data compiled by the Census Bureau and Department of Housing and Urban Development’s 2011 American Housing Survey, the National Association of Home Builders (NAHB) said that new buyers ...
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By  Tom Scotts
(Housing News – Washington, D.C.) - Linda Hebert of Pleasanton, California has been appointed as the 2013 Chair of the National Association of Home Builders (NAHB) Professional Women in Building (PWB) Council at the International Builders’ Show in Las Vegas last month. As a newly appointed chair of the council...
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By  Patrick Jonson
(Insurance News - Sacramento, CA) - The California Department of Insurance (CDI) has received a total of $1.7 million worth of payment from two insurers that have signed settlement agreement as a result of investigation in regards to the use of the ‘Death Master’ database.“These settlements are another importa...
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By  Dan Soltzin
(Insurance News - Olympia, WA) - Top insurance regulator in Washington wants to use the $2.2 billion surpluses from two of the state’s largest health insurance company to lower costs for consumers. Washington Insurance Commissioner Mike Kreidler said the two insurers are non-profit companies, and “it’s hard to...
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Gross Job Gains, Gross Job Losses Up in Q2 2012
Robert Bolognia | 03-26-2013
(Labor News - Washington, D.C) - Gross job gains coming from expanding and opening private sector establishments surged 69,000 to 7.0 million in the second quarter of 2012, while gross job losses coming from contracting and closing private sector establishments rose 301,000 to 6.4 million in t...
NAHB Recommends Residential Appraisal Process Reforms
Tom Passirrio | 03-25-2013
(Housing News – Washington, D.C.) - Reforms in the residential appraisal process should be implemented immediately to address severe problems and restore confidence in the residential property market as well as to establish a strong foundation for sustainable growth in the economy, according t...
Ease Credit Conditions To Revive Housing Market, Urged NAHB
Gustav Hermand | 03-18-2013
(Housing News – Washington, D.C.) - Tight credit, unstable supply chain and flawed appraisals are the common factors that affect the revival of the housing market, and the unstable support system to the housing market could threaten the country’s housing and economic recovery, according to the...
Sales Of New Homes Up 15.6% In January
Jack McIntire | 03-15-2013
(Housing News – Washington, D.C.) - Sales of new single-family homes in the US surged 15.6 percent to 437,000 units in the first month of 2013, according to latest figures released jointly by the Housing and Urban Development (HUD) and the US Census Bureau. “The surge in demand for new homes t...
US Housing Affordability Up In 2012
Eric Rossiti | 03-14-2013
(Housing News – Washington, D.C.) - Housing affordability across the US inched up in 2012, helped by remarkably low interest rates, according to the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Overall, 74.9 percent of family homes sold in the fourt...
New-Vehicle Retail Selling Rate Remains High In December 2012
Robert McKinley | 03-12-2013
(Automotive News - Westlake Village, CA) - New-vehicle retail selling rate remains high in December 2012 despite the current level of economic uncertainty across the US. According to monthly sales forecast released jointly by LMC Automotive and Associates' Power Information Network(R) (PIN), r...
Eight Individuals In L.A. Arrested For fraudulent insurance claim
John Smith | 03-11-2013
(Insurance News – Los Angeles, CA) - Eight suspects in Los Angeles area have been arrested and charged for allegedly committing fraudulent insurance claims, fraudulent vehicle vandalism and staging two automobile accidents. According to investigators from the California Department of Insurance...
Florida Insurance Commissioner Presents Proposal To Senate Banki...
Tom Scotts | 03-08-2013
(Insurance News – Tallahassee, FL) - In response to the request made in December last year, Florida Insurance Commissioner Kevin McCarty has presented the ‘Principle-Based Reforms for Florida’s Property Insurance Market’ proposal to the Senate Banking and Insurance Committee, outlining steps i...
February’s Builder Confidence Nearly Unchanged
Jack McIntire | 03-06-2013
(Housing News – Washington, D.C.) - Builder confident for new homes was nearly unchanged in February, declining only one point to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Rick Judson, Chairman of the National Association of Home Builders (NAHB), s...
Florida Insurance Commissioner Issued Cease & Desist Orders To T...
Patrick Jonson | 03-04-2013
(Insurance News - Tallahassee, FL) - Kevin McCarty, Insurance Commissioner in the state of Florida, has issued a cease and desist orders to three entities after they engaged in an unlicensed and unauthorized sale of insurance policy in Florida. Investigation revealed that the three entities —...
OSHA Issued 2013 Inspection Plan Of Federal Agency Establishments
Dan Soltzin | 03-01-2013
(Health News - Washington, D.C.) - The annual inspection plan of federal agency establishments has been released by the Occupational Safety and Health Administration (OSHA) under its Federal Agency Targeting Inspection Program (FEDTARG) directive for the year 2013. FEDTARG oversees inspections...
The Scientific Approach In The Insurance Market
Robert Bolognia | 02-28-2013
(Insurance News - London, UK) - Computers with complex algorithms are being utilized for climate forecasting. However, some are asking if there are other ways that insurers could exploit science and technology to better understand and predict the future. Ashley Hirst, Head of Science for Middl...
OSHA Reminding Employers To Protect Workers From Carbon Monoxide...
Tom Passirrio | 02-27-2013
(Health News - Washington, D.C.) - The Occupational Safety and Health Administration (OSHA) is reminding all employers to take necessary measures to protect their workers from the effects of carbon monoxide exposure. This comes after a worker in New England warehouse suffered from carbon monox...
Gross Job Gains, Gross Job Losses Up in Q2 2012
Gustav Hermand | 02-26-2013
(Labor News - Washington, D.C) - Gross job gains coming from expanding and opening private sector establishments surged 69,000 to 7.0 million in the second quarter of 2012, while gross job losses coming from contracting and closing private sector establishments rose 301,000 to 6.4 million in t...
Chinese Automotive Brands Show Improved Dependability In 2012
Eric Rossiti | 02-25-2013
(Automotive News - Shanghai, China) - Chinese automotive brands have improved significantly in terms of long-term durability for two straight years, continuing to narrow the gap with other international brands, according to the 2012 China Vehicle Dependability StudySM (VDS) released by the J.D...
CDI Acquires $1.7M In Settlement For Death Master File Case
Jack McIntire | 02-22-2013
(Insurance News - Sacramento, CA) - The California Department of Insurance (CDI) has received a total of $1.7 million worth of payment from two insurers that have signed settlement agreement as a result of investigation in regards to the use of the ‘Death Master’ database. “These settlements a...
US Engages With Over 50 Foreign Government To Fight Tax Evasion
Robert McKinley | 02-21-2013
(Economic News – Washington, D.C.) - The Department of the Treasury is engaged with over 50 countries and jurisdiction across the globe to enhance the international tax compliance and implement withholding tax provisions and information reporting called the Foreign Account Tax Compliance Act (...
Refinance Mortgages Continue To Strengthen, Says Freddie Mac Ana...
John Smith | 02-20-2013
(Mortgage News – McLean, VA) - Home borrowers who refinanced their first-lien home mortgages continue to strengthen, according to the Q3 refinance analysis by Freddie Mac. Freddie’s analysis showed that 83 percent of borrowers with refinance account have either maintained similar loan amount o...
Radford Launches New Portal That Explores Relative TSR Plans
Tom Scotts | 02-19-2013
(Economic News – San Jose, CA) - Many companies are now migrating towards performance-based equity plans through the use of Relative Total Shareholder Return (Relative TSR) metrics to closer link the corporate performance and executive compensation. With this new trend, Aon Hewitt Company Radf...
NIH Accepting Proposals For Research Projects On Genomic Sequenc...
Patrick Jonson | 02-18-2013
(Health News - Bethesda, MD) - The National Institutes of Health has announced that it is now accepting proposals for research projects on genomic sequencing in newborns, which aims to understand the disorders that appeared in newborns as well as enhance treatment for these disorders. Accordin...
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