Gov. Andrew Cuomo signs package enhancing mandatory settlement conferences, creates community restoration fund

Gov. Andrew Cuomo signs package enhancing mandatory settlement conferences, creates community restoration fund

(New York, NY – Insurance News and Markets) -A comprehensive package of legislation pieces in New York designed to combat “zombie properties’” effects on neighborhoods. This legislation package also establishes a consumer bill of rights to help homeowners to keep their homes. The package was part of the 2016 Legislative Session and imposes a pre-foreclosure […]

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 […]

Airline satisfaction ratings increasing, despite bad publicity

Airline satisfaction ratings increasing, despite bad publicity

(Costa Mesa, CA – Insurance News and Markets) – The JD Power 2017 North American Airline Satisfaction Study showed something that some might find surprising: overall satisfaction with airlines is increasing. Some factors that are helping this situation include lower fares, better on-time performance, and fewer lost bags. The trend is now in its fifth […]

Bureau of Labor Statistics releases info on employee benefits in the U.S.

Bureau of Labor Statistics releases info on employee benefits in the U.S.

(Washington, DC – Insurance News and Markets) – In March 2016, the participation rate for employer-sponsored medical care benefits for civilian workers was 52 percent, which is higher than in private industry workers (49 percent) and more than 20 percent below state and local government workers (73 percent). When it comes to employer-sponsored retirement benefits, […]

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 […]

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 […]

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