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Headline News: Financial

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Former Claims Adjuster Must Repay Farm Bureau $20K in Kansas Fraud Case

A former insurance adjuster was sentenced to probation and ordered to pay $20,000 in restitution for insurance fraud involving wrecked vehicles, according to an announcement by the Kansas Insurance Department. The Ford County District Court sentenced Eric Alan Hansen to … Continue reading

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Employers Hires Hanover’s Collins as East Regional Sales VP

Employers Holdings Inc. in Reno, Nevada, has hired Martha Collins as vice president, regional sales for the eastern region that includes 16 states. Collins will be based in Baltimore, Maryland. Collins brings to Employers Holdings more than 19 years of … Continue reading

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LexisNexis and Jing You Plan China Joint Venture for Auto Carriers

LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software and services to the insurance industry in the People’s Republic of China. The joint venture will supply … Continue reading

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Labor chief: ‘We suck’ on min. wage; Christie has ‘head in the sand’

New Jersey Governor Chris Christie has “got his head in the sand” when it comes to the plight of minimum-wage earners in his state, U.S. Labor Secretary Tom Perez said. “I’ve met with minimum-wage workers in New Jersey,” Perez said … Continue reading

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Housing is waking up to a new hangover

First came a historic national crash in home prices, then a surprisingly sharp jolt off the bottom. Investors, desperate for yield and fueled by Fed-induced cheap cash, swarmed the most distressed housing markets, buying bargain-basement properties and turning them into … Continue reading

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Upbeat corporate news ignites rally on Wall Street

By Herbert Lash NEW YORK (Reuters) – Global equity markets rose on Thursday, with stocks on Wall Street climbing more than 1 percent as U.S. corporate earnings continued to beat expectations, while government debt prices slid on stronger American and … Continue reading

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Amazon shares sink on deeper-than-expected Q3 loss

View gallery . Reuters Amazon’s Jeff Bezos Amazon just reported disappointing Q3 earnings.  Here are the numbers: EPS: -$0.95 (analysts were expecting a loss of $0.74). Revenues: $20.58 billion (analysts were expecting $20.84 billion). That’s an increase of 20% year-over-year. … Continue reading

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UPenn’s Interdisciplinary Research Seeks to Track Ambler’s Asbestos Legacy

Joe Amento, a lifelong resident of Ambler, Pennsylvania, was 53 when he died of a rare cancer with one main cause — exposure to asbestos. He was fine at Christmas 2002. In January, a pain in his side kept him … Continue reading

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Delaware Commissioner Urges Treasury to Reconsider MetLife’s SIFI Designation

Delaware Insurance Commissioner Karen Weldin Stewart has recently sent a letter to U.S. Treasury Secretary Jacob Lew and other federal regulators urging them to reconsider their vote to propose that MetLife be labeled as a “systemically important financial institution” (SIFI). … Continue reading

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Horse and Buggy Crashes Decline but Still Deadly in Lancaster County, Penn.

Nothing says “Lancaster County” in Pennsylvania like the sight and sound of a lathered horse pulling a square, black buggy down the road. The county undoubtedly has more of the horse-powered vehicles than any other in Pennsylvania, based on population … Continue reading

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