Archive for May, 2009

 

Madoff investments hurt Jack Friedman estate, say grandchildren suing trustees (Palm Beach Daily News)

May 31st, 2009

Grandchildren of Palm Beachers Lorraine and the late Jack Friedman are suing the trustees of the couple’s trusts, alleging they lost substantial amounts through investments with Bernie Madoff after repeated warnings to divest.

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Short-term loans approved for tax credit (Montgomery Advertiser)

May 31st, 2009

WASHINGTON — Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying a home.

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Singletary: Help for youths to avoid debt (Knoxville News Sentinel)

May 31st, 2009

WASHINGTON - Parents should be particularly elated about one section of the freshly adopted credit card law that could keep young people out of debt.

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Troopers to have quicker access to insurance info (KGWN-TV Cheyenne)

May 31st, 2009

Beginning Monday, state troopers will automatically get insurance information on vehicles every time they make a stop. The insurance verification system, which began last July 1, had primarily been used in crash investigations.

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Two states offer health insurance ideas (St. Louis Post-Dispatch)

May 31st, 2009

Laid off from her job in Massachusetts, Danielle Marks thought immediately about the loss of her health insurance. How could she afford the medication and physical therapy she needed to heal after shoulder surgery? Valerie Nash, laid off in Tennessee, thought about her diabetes.

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State audit faults LIPA procedures for issuing debt (Newsday)

May 31st, 2009

A newly released state audit of the Long Island Power Authority found the debt-laden authority “lacks documented procedures for issuing debt” and failed to list $107 million in contracts in a 2007 procurement report, Comptroller Thomas DiNapoli’s office said Saturday.

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First Hope Bank offers multi-million dollar Federal Deposit Insurance Coverage on CD investments (The Warren Reporter)

May 31st, 2009

HOPE — A product offered by First Hope Bank demonstrates its financial health and that of the bank’s customers. Depositors with more than $250,000 no longer have to go to different banks to be covered by Federal Deposit Insurance. With…

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Insurance premiums on the rise (Pensacola News Journal)

May 31st, 2009

CHARLOTTE, N.C. (AP) — As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get.

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York’s new flood-zone insurance requirements take effect soon (Daily Press)

May 31st, 2009

Updates to FEMA flood risk maps for York County that determine which homeowners are required by federal mandate to carry flood insurance are likely to take effect next month.

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Ports of Auckland owner faces debt timebomb (Marlborough Express)

May 31st, 2009

A $105.5 million debt timebomb is putting pressure on Ports of Auckland owner Auckland Regional Holdings to inject cash into the company for the first time.

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