The News Review:
- New Study: Bankruptcy Tied To Medical Bills
- Wells Fargo Insurance Services nabs Las Vegas brokerage in buying …
- 2 jailed in Reno on insurance fraud charges
- Banks Put ff Plans To Sell Toxic Assets
- Credit Markets: Squishy Session Amid Lingering Doubts
- Greens Challenge Baucus & Insurance Defenders to Debate Single …
New Study: Bankruptcy Tied To Medical Bills
Washington Post
That’s nearly 20 percentage points higher than that pool of respondents reported were connected to medical costs in 2001. f those who filed for bankruptcy in 2007 nearly 80 percent had health insurance. Respondents who reported having insurance indicated average expenses of just under $18000. Respondents who filed and lacked insurance had average medical bills of nearly $27000. Since 2007 the number of Americans without insurance has increased and filing for bankruptcy has become more difficult due to more stringent laws according to the report. The authors of the study David Himmelstein Deborah Thorne Elizabeth Warren and Steffie Woolhandler say their findings “reflect the U.
Wells Fargo Insurance Services nabs Las Vegas brokerage in buying …
Bizjournals.com
said Thursday that it acquired Grady & Associates a retail insurance brokerage in Las Vegas four days earlier. The brokerage network part of.
Related from Mortgagerefinancemonster: Lenders short on answers now but call back
2 jailed in Reno on insurance fraud charges
San Jose Mercury News
—Two men are facing charges in Reno for an alleged insurance fraud scam that left a third man dead. Authorities say 23-three year old scar Zavala-Gallegos and 24-year-old Jorge Moreno were arrested this week. State investigators allege Zavala-Gallegos allegedly asked another friend Fabian Cedeno to steal and strip his 2002 Cadillac Escalade for parts because he was unable to make the $620 monthly payment. Zavala-Gallegos then reported the vehicle stolen. Investigators say Cedeno was injured and later tied after he tried to jump from the vehicle before ramming it into a guardrail to try to disguise the scheme.
Banks Put ff Plans To Sell Toxic Assets
Washington Post
The Federal Deposit Insurance Corp. said Wednesday that it would suspend indefinitely the launch of a program to finance investor purchases of banks’ troubled loans because few companies were interested in selling. A related Treasury Department program to finance purchases of mortgage-related securities remains on the drawing board months after both were announced with fanfare. The FDIC decision marked a victory for the banking industry which has argued that such a program would transfer profit from banks to investors at public expense. It also showed the limits of the government’s ability to impose its will on the banks.
Credit Markets: Squishy Session Amid Lingering Doubts
Wall Street Journal
There was a flood of issuance in the investment grade space including $4. 5 billion from General Motors Corp. ‘s (GMGMQ) affiliated finance arm GMAC LLC backed by the Federal Deposit Insurance Corp. the first such issue from the company. But the new issuance belied a more subdued mood as summer approaches. Credit default swap indices for both investment grade and junk both pointed to a slightly more pessimism trading off for the day.
Greens Challenge Baucus & Insurance Defenders to Debate Single …
Common Dreams (press release)
orgGreens Challenge Baucus & Insurance Defenders to Debate Single-Payer AdvocatesWASHINGTN – June 4 – Green Party leaders challenged Sen. Max Baucus (D-Mont. ) and otherdefenders of health care reform based on private insurance to debateadvocates of Single-Payer national health care in a public forum. Greens also challenged the major media to broadcast the debate.