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Deloitte Insurance Report Keys in on Climate Change

The potential impact of climate change on the insurance industry was important enough for consulting giant Deloitte Touche Tohmatsu Ltd. to include the topic as a significant part of its recent 2015 Property and Casualty Insurance Outlook. The bulk of … Continue reading

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Organized Family Insurance Ring Busted in Southern California

Detectives from the California Department of Insurance’s insurance fraud enforcement division arrested 15 Los Angeles area residents Thursday morning for allegedly staging auto collisions and filing more than $500,000 in fraudulent claims. Four suspects are still being sought, and an … Continue reading

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ISU Cormarc Tasman in California Formed with Merger

ISU Cormarc Tasman Insurance Agency was recently formed by combining ISU Cormarc Insurance Services headquartered in Murrieta, Calif. with ISU Insurance Services Tasman in Ladera Ranch. The headquarters for the new agency will be in Murrieta. The office will serve both … Continue reading

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Insurance Among Reasons Organizers End Wyoming Hot-Air Balloon Fest

Organizers of an annual hot-air balloon festival in Wyoming have reluctantly decided to end the event after 19 years. Mikki Smith, organizing committee president, says the 12-member panel voted unanimously Jan. 21 to end the Wild West Balloon Fest in … Continue reading

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Average US rate on 30-year mortgage rises to 3.66 pct.

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage edged up to … Continue reading

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US pending home sales tumble in December

WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the market. The National Association of Realtors said Thursday that its seasonally adjusted pending home … Continue reading

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U.S. homeownership hits 20-year low, but new households growing

By Lucia Mutikani WASHINGTON (Reuters) – U.S. homeownership fell to a 20-year low in the fourth quarter, but a sharp rebound in the rate at which Americans are setting up home is expected to help drive a pick-up in housing. … Continue reading

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Mortgage Rates Back to Long Term Lows After Fed

Mortgage rates fell again today, and while the move wasn’t big, it was enough to bring most lenders back in line with the best rates from two weeks ago.  Those have the added distinction of being the best rates since … Continue reading

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Mortgage Rates Holding Near Long-Term Lows

Mortgage rates were steady to slightly higher today on average.  Some lenders were actually slightly lower, but they were the exception.  In contrast to yesterday, the bond markets that underlie rate movements were exceedingly calm, and what little movement there … Continue reading

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Big oil cuts $20 billion in five hours to preserve dividends

(Bloomberg) — Royal Dutch Shell Plc will cut $15 billion of investment over the next three years as the crash in oil prices saw fourth-quarter profit miss forecasts. Shell, the first of the world’s largest oil companies to report earnings … Continue reading

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