NY Governor signs legislation to combat heroin, opioid crisis

NY Governor signs legislation to combat heroin, opioid crisis

(New York, NY – Insurance News and Markets) – In late June, Gov. Andrew M. Cuomo signed a comprehensive package of laws that limits opioid prescriptions to seven days and requires prescriber education on pain management. The package also increases the number of beds available for treatment by nearly 300 and adds more than 2,300 […]

Connecticut cardiologist charged with insider trading

Connecticut cardiologist charged with insider trading

(Washington, D.C. – Insurance News and Markets) – On Aug. 4, the Securities and Exchange Commission today charged Dr. Edward Kosinksi, a cardiologist from Weston, Connecticut, with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded in advance of two […]

Pending home sales rise slightly in June

Pending home sales rise slightly in June

(Washington, DC – Insurance News and Markets) – According to the National Association of Realtors, the number of pending home sales didn’t change much, although they did increase slightly. Two factors holding back a stronger rise include supply and affordability constraints. The Pending Home Sales Index, a forward-looking indicator based on contract signings, inched 0.2 […]

National Association of Realtors sees increase in commercial membership

National Association of Realtors sees increase in commercial membership

(Washington, DC – Insurance News and Markets) – Although the average yearly income and amount of sales for National Association of Realtors (NAR) commercial members fell in 2015, the organization saw a significant increase in the number of new commercial members who joined the organizations. The number of commercial members with less than two years […]

‘Know Before You Owe’ rule could help consumers

‘Know Before You Owe’ rule could help consumers

(Washington, DC – Insurance News and Markets) – Since the October 2015 implementation of the Consumer Financial Protection Bureau’s ‘Know Before You Owe’ mortgage initiative, Realtors have expressed concerns over challenges in gaining access to what’s known as the mortgage “closing disclosure” form, or CD. The CD is delivered to homebuyers in advance of their […]

New vehicle sales increase 2.1% over July 2015 figures

New vehicle sales increase 2.1% over July 2015 figures

(Detroit, MI – Insurance News and Markets) – JD Power announced in late July that a monthly sales forecast showed an expected sales increase of 2.1 percent over Jul y 2015, up to 1,318,300. The increase is attributed to an extra weekend in 2016. New vehicle transaction prices  in July 2016 were $30,601, up from […]

Ford powers up the 2017 F-Series truck lineup

Ford powers up the 2017 F-Series truck lineup

(Westlake Village, CA – Insurance News and Markets) – The 2017 F-Series truck lineup from Ford will feature a redesigned, lighter EcoBoost 3.5-liter V-6 that provides an extra 30 lb.-ft. of torque when paired with an all-new lighter, more efficient 10-speed automatic transmission. The EcoBoost 3.5 Liter V6 engine will produce the same horsepower, but […]

Federal Bank of Pakistan, NY Department of Financial Services reach agreement on anti-money laundering monitoring requirements.

Federal Bank of Pakistan, NY Department of Financial Services reach agreement on anti-money laundering monitoring requirements.

(New York, NY – Insurance News and Markets) –  The New York State Department of Financial Services announced an agreement with the Bank of Pakistan and the Federal Reserve Bank of New York (FRBNY) to improve compliance with Bank Secrecy Act/anti money-laundering (BSA/AML) requirements, and the regulations issued by the Office of Foreign Assets Control […]

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