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Daily NewsFlash : May 16, 2012


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Wednesday, May 16, 2012

Shareholders Sue J.P. Morgan Chase Over Trading Losses

Two shareholder lawsuits were filed late Tuesday against J.P. Morgan Chase and its top executives over the revelation last week that the bank had suffered more than $2 billion in trading losses. Read More

U.S. Home Building Up in April

Home constructionU.S. home building grew in April, the latest sign that the recovery may be strengthening in the long-struggling market.

Home construction increased 2.6% from March to a seasonally adjusted annual rate of 717,000, the Commerce Department said Wednesday. Year-over-year, starts were up nearly... Read More

Florida's Citizens Property insurance Corp. Considering Uncapping Rates for New Customers

If Citizens Property Insurance Corp. moves forward with a controversial plan to uncap rates for new customers, the price to join state-run insurance will increase by an average of 30 percent next y... Read More

The Corvette: More Than One in 10 Stolen Over Past 30 Years

CorvetteAlthough racing purists might recognize the Stutz Bearcat or the Mercer Raceabout as America’s first sports cars, there is no question that the Chevrolet Corvette holds the title as America’s oldest, continuously produced sports car.

In this, NICB’s second Hot Wheels Classics report, we lo...
Read More

Study: Nearly Half of Soon-to-be-Retired, Hgh-Networth Americans "Terrified" of Health Care Costs in Retirement

Retired CoupleA new Nationwide Financial survey finds nearly half of soon-to-be-retired, high-net-worth Americans say they are “terrified” of what health care costs may do to their retirement plans, and nearly three in four say health care costs going out of control is among their top retirement fears....

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Cynthia Hardy Young Joins WAHVE Advisory Board

Work At Home Vintage Employees LLC (WAHVE), a company that provides domestic remote staffing services for insurance firms, announced that veteran insurance industry executive Cynthia Hardy Young ha... Read More

Personal Lines Strategic Development for Tower Group Companies

Adirondack Insurance Exchange (AIE), Financial Stability Rating(R) of A, Exceptional, and Mountain Valley Indemnity Company (MVIC), Financial Stability Rating(R) of A' (A Prime), Unsurpassed, have ... Read More



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