Latest News in Home Insurance – Aug 25, 2008
Credit scoring struck down – Detroit News
23 Aug 2008 at 1:34am
LANSING — State regulators can prohibit insurers from using customers’ credit scores to determine home and auto insurance rates, a practice critics says arbitrarily jacks up premiums for those with poor credit histories, the Michigan Court of …
Insurance, credit unlinked – Detroit Free Press
23 Aug 2008 at 2:55pm
LANSING — Insurance companies in Michigan no longer will be able to use customers’ credit scores to set home and auto insurance premiums if a state Court of Appeals ruling stands. The 2-1 decision released Friday reversed a 2005 ruling by a lower …
Board needs to be proactive in monitoring group trusts – Buffalo News
25 Aug 2008 at 3:47am
In New York State, small businesses are allowed to create self-insurance group trusts in which each member agrees to be jointly liable for the claims of the other members. Well-run groups benefit from much lower rates for workers’ compensation …
Vets have great mortgage deal – Chicago Sun-Times
25 Aug 2008 at 2:57am
It’s tough to get a mortgage today — but that’s not news. Every financial institution is tightening lending standards and requiring a higher down payment and raising interest rates. Well, almost every lender is doing that. But if you’re a veteran …
German Stocks Fall, Led by Deutsche Bank and Commerzbank Shares – Bloomberg
25 Aug 2008 at 4:02am
Aug. 25 (Bloomberg) — German stocks fell, led by financial services shares, after U.S. regulators closed Columbian Bank and Trust Co. amid bad real-estate loans and writedowns stemming from a drop in home prices. Deutsche Bank AG, Germany’s largest …
Michigan court OKs ban on credit scoring in insurance – Ann Arbor News Blog
23 Aug 2008 at 11:06am
Insurance companies in Michigan no longer will be able to use customers’ credit scores to set home and auto insurance premiums if a state Court of Appeals ruling stands. The 2-1 decision released Friday reversed a 2005 ruling by a lower judge who …
Real estate key to issues throughout South Florida – Miami Herald
24 Aug 2008 at 11:51pm
This week’s cover story profile of Mount Sinai Medical Center by John Dorschner is a reminder of how important real estate is to all of South Florida. The venerable institution has been hampered by a land purchase it made at the dawn of this decade …
Aid plan will boost auto industry – Detroit Free Press
25 Aug 2008 at 12:05am
Our car manufacturers, the businesses that supply them and the Great Lakes region are confronting record oil prices, high health care costs, a credit crunch — all the ills of a weakening economy. I have tremendous faith that the skills, energies …
Court OKs insurance credit scoring ban – Lansing State Journal
23 Aug 2008 at 12:51am
Insurance companies in Michigan no longer will be able to use customers’ credit scores to set home and auto insurance premiums if a state Court of Appeals ruling stands. The 2-1 decision released Friday reversed a 2005 ruling by a lower judge who …
UK disposable income is at its lowest level for 11 years – Times Online
25 Aug 2008 at 3:04am
Families are £2,500 worse off than they were last year as rising food, fuel, energy and tax bills have dragged disposable incomes to the lowest level since Labour came to power in 1997, a new survey suggests. The average family has £1,210 a month …
