Author Archives: Editor - Finance Top Stories

Illinois Warns Insurers of Ban on Transgender Discrimination

The state of Illinois has cautioned insurers about discriminating against transgender people. The Illinois Department of Insurance bulletin issued to insurers this week details nondiscrimination provisions in the federal Affordable Care Act along with Illinois laws. Backers say the move … Continue reading

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20K Maine Residents to Get Health Insurance Premium Rebates

Nearly 20,000 Maine customers of health insurer Aetna are getting premium rebates because a provision in the Affordable Care Act limits what insurance companies can spend on administrative costs. The rebates for 2013 service, totaling more than $1.8 million, will … Continue reading

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Anthony to Direct Government Affairs at Insurance Institute

The Ohio Insurance Institute (OII) announced it has hired Jeff Anthony to direct its legislative and regulatory initiatives. Anthony most recently worked at the Ohio Department of Aging as a legislative liaison and previously worked in the Ohio House as … Continue reading

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Cat Modeler’s Sharknado Model Follows Campy SyFy Sequel

Editor’s note: Wednesday night’s premier of “Sharknado 2: The Second One” on the SyFy Channel followed last year’s corny flick, which lit up Twitter with praise and insults for its camp and B-grade acting. The product placement-laden, cameo-heavy sequel pitted … Continue reading

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Average US 30-year mortgage rate at 4.12 percent

WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan slipped to 4.12 percent from 4.13 percent last … Continue reading

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Mortgage Rates Highest in More Than a Month After GDP

For weeks, we’ve discussed the prospects for increased volatility centered on today’s economic calendar.  The chances of a bigger move were much higher going into today’s GDP data, and a bigger move is exactly what we got.  Unfortunately, it was … Continue reading

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Mortgage Rates Barely Higher, More Volatility Ahead

Mortgage rates started the day in fairly rough shape with most lenders offering noticeably higher rates vs yesterday.  As stock markets slid into the afternoon, the bond markets that underlie mortgage rates improved.  Most lenders put out better rate sheets … Continue reading

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Inflation looks real this time

Inflation may have arrived — the worrisome kind, not the manufactured kind. Since the Federal Reserve started “printing money” in 2008, inflation hawks have warned of runaway price increases that could overrun the economy. Those have largely been false alarms; … Continue reading

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Ackman says ‘my bad’ on Herbalife presentation

Hedge fund manager Bill Ackman has two words to sum up his Herbalife Ltd. (HLF) presentation last week: “My bad.” Investors may have missed the point because the event was long and overhyped, Ackman said in an interview. Even the … Continue reading

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Fitch declares Argentina in ‘restricted default’ 

Washington (AFP) – Ratings agency Fitch declared Argentina in default on its bonds for the second time in 13 years on Thursday after talks between Buenos Aires and hedge fund creditors ended with no deal. Fitch called the country in … Continue reading

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