How to pay off debt and save for the future

Phil and Candace Ranjan are smart people. In fact, the two chiropractors have four university degrees between them. And for a young married couple still in their 20s, they also have a healthy combined income of $110,000. But the pair, … Continue reading

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CIT to Sell Student Lending Unit to Nelnet for $1.1 Billion

CIT Group Inc. (CIT), the commercial bank run by John Thain, agreed to sell its student lending business to Nelnet Inc. (NNI) for about $1.1 billion. Most of the proceeds will be used to repay debt secured by student loans, … Continue reading

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Muslim students divided on sharia-compliant loans

Muslim students are divided about government moves to introduce student loans that comply with sharia law. While some have welcomed university minister David Willetts’ recent announcement of an open consultation on the issue, others feel indifferent or oppose it altogether. … Continue reading

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School’s Out: Only 20% believe that student loans are a good investment, down from 54% in 2012

Mintel. (PRNewsFoto/Mintel) CHICAGO, April 17, 2014 / — Even as the country’s total consumer debt decreased 8% from Q1 2009 to Q4 2013, total student debt rose 63% over the same time frame, far outstripping the growth in auto loans, … Continue reading

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Student Loans Lead Consumer Debt — Surprise!

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Ohio Coast Guard Station Leads Nation in Drunken Boating Arrests

A U.S. Coast Guard station that watches over western Lake Erie led the nation in drunken boating arrests last year. The Coast Guard says officers with Marblehead, Ohio, station charged 67 people with boating under the influence in 2013. The … Continue reading

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Gerhart: U.S. Has a Good Story to Tell at the Global Insurance Symposium

The state of Iowa on May 20-22, 2014, will host its first ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the challenges facing the global … Continue reading

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Texas Agent Faces 10 Years in Prison for Insurance Fraud Conviction

A Fort Worth man faces ten years in federal prison following a conviction for insurance fraud, the Insurance Department of Texas reported. Caleb Deason, an insurance agent for Transamerica Life Insurance Co., was convicted on charges of wire fraud and … Continue reading

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Students at 5 Texas Universities Receive Insurance Council Scholarships

Twenty four insurance and risk management students at five Texas universities were recently awarded academic scholarships from the Insurance Council of Texas (ICT) Education Foundation. The students attend Huston-Tillotson University, Texas Southern University, the University of Texas Pan American, the … Continue reading

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Cleary, Shearman on $1.6 Billion Ventilation Deal

Milwaukee-based manufacturing conglomerate Johnson Controls said Wednesday it has reached an agreement to buy Air Distribution Technologies from the Canada Pension Plan Investment Board (CPPIB) for roughly $1.6 billion. The company changing hands makes a variety of air distribution and … Continue reading

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