FHA Raises Subprime Debt Insured for Housing Rebound

Published - 01/24/2012 11:00 PM

InsuranceHeadlines (Bloomberg) -- In Honolulu, on the southern coast of the island of Oahu, there’s a four-bedroom home priced at $785,000 that has views of the sun setting over the Pacific Ocean. The beaches of Waikiki are 15-minutes away. Starting this month, the property is available to ... 

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FDIC Proposes Rule on Mutual Insurance Holding Companies Supporting NAMIC Stance

Published - 12/13/2011 11:00 PM

WASHINGTON - A proposed rule issued by the Federal Deposit Insurance Corporation (FDIC) recognizes state regulation of mutual insurance holding companies while providing insurers with greater certainty and clarity, the National Association of Mutual Insurance Companies (NAMIC) said today. “The FDIC is right to propose that mutual insurance holding ... 

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Many 401(k) participants would be hit hard by proposed tax changes

Published - 11/09/2011 11:00 PM

WASHINGTON—Many 401(k) participants likely would see lower account balances if federal lawmakers implement a pair of proposals aimed at changing the tax treatment of 401(k) retirement plans, according to a study by the Employee Benefit Research Institute. The proposals, drafted by the bipartisan National Commission on Fiscal Responsibility and ... 

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80 employers, groups object to proposed PBGC premium hike

Published - 11/03/2011 12:00 AM

WASHINGTON—Raising premiums that employers with defined benefit plans pay the Pension Benefit Guaranty Corp. would cost jobs and be counterproductive in the long run, more than 80 major employers, consultants and trade associations said in a letter to federal lawmakers. Hiking premiums “is targeted at those employers suffering the ... 

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Fewer big employers offer new employees DB plans

Published - 07/27/2011 12:00 AM

The number of large U.S. employers that offer a defined benefit pension plan to new salaried employees continues to fall, while the number offering only defined contribution plans continues to increase, according to a study by Towers Watson & Co. As of May 31, 30% of Fortune 100 companies ... 

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Mortgage 'robo-signing' goes on

Published - 07/19/2011 12:00 AM

Mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures. County officials in at least three states say they have ... 

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FSOC Looking to Fill Insurance Slot Overseeing Risk in the Financial System

Published - 06/22/2011 12:00 AM

WASHINGTON -- The White House is considering S. Roy Woodall, a former Kentucky insurance commissioner, to fill an insurance slot on a new council charged with overseeing risk in the financial system, according to people familiar with the matter. If Mr. Woodall is nominated it could help ... 

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Treasury to form insurance advisory committee

Published - 05/09/2011 12:00 AM

WASHINGTON (MarketWatch) -- The Treasury Department said it's going to create a federal advisory committee on insurance, the first in a series of steps the Treasury is taking to establish the new Federal Insurance Office, created under the Dodd-Frank Act. Half of the advisory committee will be made up of ... 

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