Insurance

Washington, D.C. - September 30, 2010 - (RealEstateRama) -- Congressman Ron Klein (FL-22) led the entire Florida Delegation to the U.S. House, including all Republicans and Democrats, in a letter today calling for urgent action on the Homeowners’ Defense Act. This bipartisan letter expresses strong support for Congressman Klein’s bipartisan legislation to reduce the cost of homeowners’ insurance for families in Floridaand around the country.

WASHINGTON D.C. - September 24, 2010 - (RealEstateRama) -- Today, U.S. Congressman Charlie Melancon (LA-03) supported extension of the National Flood Insurance Program (NFIP) for one year, through September 30, 2011. 500,000 Louisianians depend on the federal program to protect their homes and businesses. Congressman Melancon worked to pass a five-year extension of the flood insurance program in the House of Representatives last July. Unfortunately, the Senate failed to act on the five-year extension bill. The one-year extension passed by the House today will prevent the flood insurance program from expiring next week.

WASHINGTON, D.C. - September 24, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) applauded yesterday's passage of legislation by the House that will extend the National Flood Insurance Program (NFIP) through September 30, 2011. The bill passed the Senate Tuesday and will now go to the President for his signature. Without agreement on an extension, the program was set to expire on September 30, 2010.

WASHINGTON, D.C. - September 23, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA) hailed yesterday's passage in the Senate of legislation to extend the National Flood Insurance Program (NFIP) through September 30, 2011.

WASHINGTON, DC - September 23, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to Hayes Green Beach Memorial Hospital in Charlotte, Michigan. The $36.6 million loan is made possible through the Federal Housing Administration's (FHA) Section 242 Hospital Mortgage Insurance Program.

Washington, DC - September 23, 2010 - (RealEstateRama) -- Congress needs to act quickly to reauthorize and strengthen the National Flood Insurance Program for the long term to prevent undermining the fragile real estate market, the National Association of Realtors® testified to the Senate Committee on Banking, Housing and Urban Affairs today

WASHINGTON, DC - September 15, 2010 - (RealEstateRama) -- Business Solutions, an affiliate of the American Bankers Association, has joined with Genworth Mortgage Insurance to offer free Web-based residential mortgage lending training to ABA members.

Tampa, FL - September 15, 2010 - (RealEstateRama) -- Green Real Estate Education, the leader in offering energy education programs has developed a four hour module for the insurance industry. This is an introduction to green building that will launch across the country in September in 150 colleges and can be taken on line directly through their site as well. Additional fast track programs in their curriculum of courses include courses for health care and the real estate professions

TALLAHASSEE, FL - September 13, 2010 - (RealEstateRama) -- Florida CFO Alex Sink today announced the arrest of Aylin Hernandez, 23, of Miami, for fraudulently diverting mail and stealing payments intended for Citizens Property Insurance Corporation. Hernandez was arrested this morning and booked into the Turner Guilford Knight Correctional Center in Miami-Dade County on charges of organized fraud and grand theft. The arrest results from an investigation by CFO Sink’s Division of Insurance Fraud, with assistance by Citizens Property Insurance Corporations’ Special Investigations Unit, and if convicted, she faces up to 45 years behind bars

September 13, 2010 - (RealEstateRama) -- First American Title Insurance Company today announced the launch of its new Mortgage Services division, which is designed to address the title, settlement and valuation needs of residential originators with national retail platforms.First American Title’s Mortgage Services division supports many of the nation’s largest financial institutions in pursuing a national strategy for residential origination that focuses on speed, efficiency, customer satisfaction and cost reduction by providing custom closing solutions, leveraging the strength of a national underwriter, applying proprietary technology and tapping into the extensive resources available within the First American family of companies

TALLAHASSEE, FL - September 9, 2010 - (RealEstateRama) -- Florida CFO Alex Sink announced today the culmination of an extensive insurance fraud investigation with the arrest of Luis M. Espinosa, 60, and Rene M. Cambert, 55, on eight first degree felony counts each for filing false or misleading financial statements for First Commercial Insurance Company (FCIC) and its affiliated company, First Commercial Transportation and Property Insurance Company (FCTPIC) with the Florida Office of Insurance Regulation (OIR). Espinosa was the president and CEO and Cambert was the vice president and chief operating officer of FCIC/ FCTPIC at the time the companies were ordered into receivership for liquidation in 2009. Each felony count carries a potential 30-year sentence.

West Hartford, CT - September 9, 2010 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Alan Cowgill, is announcing the CT REIA September 2010 monthly real estate investors meeting. This event will take place on Monday, September 20, from 5:30pm to 9:00pm, at the Crowne Plaza Hotel on 100 Berlin Road in Cromwell, CT. This event is free for CT REIA members, and $30 for non-members

September 9, 2010 - (RealEstateRama) -- Paramount Disaster Recovery, Inc. constituted by Steve Slepcevic providing Disaster Recovery Services like Emergency Response Services and Risk Management Services since 1989. Paramount Disaster Recovery, Inc is located in, Rolling Hills Estates, California (US). Paramount Disaster Recovery, Inc. provides Business Continuity Services and minimizing properties loss. Paramount helps the clients to save business from further damage as the disaster occur. The services are designed by using best effort and experts for improving performance. This action helps them to fight against disaster. Paramount Disaster Recovery, Inc has satisfied clients, situated across the Globe by providing disaster recovery services as company’s primary motive is the customer satisfaction.

MINNEAPOLIS, MI - August 30, 2010 - (RealEstateRama) — United Properties announces the following retail real estate transactions completed in Denver and Colorado Springs.

Palos Verdes Peninsula, CA - August 26, 2010 - (RealEstateRama) -- In response to the overwhelming demand for assistance with hurricane insurance claim settlements and storm damage restoration, Paramount Disaster Recovery has set up the www.hurricane-claims.com web site to expedite the recovery process for residential and business owners. Hurricane victims now have immediate access to independent insurance adjusters and certified building contractors to ensure they receive the full amount they are due and quickly begin the storm damage restoration process.

Los Angeles, CA - August 23, 2010 - (RealEstateRama) -- Now that the rainy season has ended many homeowners and building owners are looking to make roof repairs. Unfortunately most of them will end up paying far more for those repairs than they should because they don’t understand the roof damage insurance claim process. Homeowners can save themselves a great deal of money and countless headaches by using a roof consultant firm, such as Paramount Disaster Recovery Inc. to handle the entire roof damage insurance claim process

TALLAHASSEE, FL - August 16, 2010 - (RealEstateRama) -- Florida CFO Alex Sink today sent a letter to Scott Wallace, executive director of Citizens Property Insurance Corporation, calling on Citizens to implement contract reforms to ensure accountable and competitive contracting, and allow all qualified businesses the opportunity to compete for work available from Citizens. Wallace is scheduled to meet with CFO Sink’s staff about contracting procedures at Citizens next week.

New York, NY - August 9, 2010 - (RealEstateRama) -- Most disasters, by their very nature, are unforeseen and can happen anytime, anywhere, at a moment’s notice, from wind, water, vandalism, fire to terrorism. Reaction time is critical and can mean the difference between preventing further destruction or easily reclaiming damaged property and possessions after disaster strikes. It is important that property owners and business owners know what to do when disaster strikes. Here is a list that every property owner and business owner should have:

Washington, DC - August 5, 2010 - (RealEstateRama) -- After a successful first year of offering Realtors® Core Health Insurance, NAR’s new benefit, Realtors® Dental Insurance, is the next step in efforts to provide unique and valuable benefits to members and aims to help bridge the dental gap. Realtors® can obtain RDI through the National Association of Realtors®’ REALTOR Benefits® Program in partnership with Ameritas Group and SASid (Smart And Simple Insurance Development).

LĪHU'E, HI - August 4, 2010 - (RealEstateRama) -- Important information on the new flood insurance rate maps developed by the Federal Emergency Management Agency (FEMA) will be discussed at upcoming meetings on Kaua'i

Palos Verdes Peninsula, CA - August 2, 2010 - (RealEstateRama) -- It was emergencies, disasters and unfortunate situations that produced the Disaster Response Industry. It also was these same things that produced the Insurance industry, and since the beginning of both industries there has been a dark shroud surrounding both filled with greed, ambulance chasing and misinformation.

Washington, D.C. - July 29, 2010 - (RealEstateRama) -- Marti Rodamaker, president of First Citizens National Bank in Mason City, Iowa, testified today on behalf of the Independent Community Bankers of America (ICBA) before the House Financial Services Capital Markets Subcommittee.

July 28, 2010 - (RealEstateRama) -- Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions, and certain of their subsidiaries (agency-regulated institutions) to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The final rules are being issued by the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, Farm Credit Administration, and National Credit Union Administration (the agencies)

Jackson, MI - July 23, 2010 - (RealEstateRama) -- Tropical Storm Bonnie, though not predicted to make direct landfall in Mississippi, can still cause damage with heavy rains, high winds and storm surge expected along the coast this weekend. The Mississippi Insurance Department (MID) reminds everyone that preparation in advance of a storm can help save lives and property and can prevent unpleasant insurance surprises

July 21, 2010 - (RealEstateRama) -- Pursuant to P.L. 2009, ch. 402, An Act to Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures, parties to foreclosure mediation must complete in full the Net Present Value (NPV) Worksheet developed by the Federal Deposit Insurance Corporation (FDIC). To complete the FDIC NPV, the parties are required to produce information about the borrower’s monthly gross income, terms of the original loan, status of the delinquent loan, property value, among other specific inputs related to projected costs of foreclosure.

Houston, TX - July 20, 2010 - (RealEstateRama) -- Merlin Law Group, P. A. has leased 3,787 square feet of office space at Three Riverway, which is located in Houston's Galleria/Uptown area. The law firm represents Texan property owners in disputes with their insurance providers over claims against their property insurance policies. Merlin Law Group originally leased 1,959 square feet in the same building, but with the growth of its business, especially with Hurricane Ike and Dolly claims, the law firm needed to acquire more space to accommodate its growing staff. In addition, the management consulting and professional recruiting firm of Hunt, Patton & Brazeal, has signed a renewal of 3,805 square feet at the same building.

Washington, DC - July 20, 2010 - (RealEstateRama) -- Congressman Al Green (TX-09) voted to support the Flood Insurance Reform Priorities Act of 2010 (H.R. 5114), which passed the House by a vote of 329-90. Congressman Al Green is a co-sponsor of the bill, which amends the National Flood Insurance Act of 1968 and reauthorizes the National Flood Insurance Program through 2015.

Washington, DC - July 16, 2010 - (RealEstateRama) -- The US House passed H.R. 5114, the Flood Insurance Reform Priorities Act of 2010. H.R. 5114 will reauthorize and improve the National Flood Insurance Program (NFIP), which is the primary source of reliable, affordable flood insurance coverage for millions of American homes and businesses. The bill includes an amendment by Congressman Scott to allow NFIP premiums to be paid in installments.

Washington, DC - July 16, 2010 - (RealEstateRama) -- The House today approved a flood insurance reform bill that would reauthorize the National Flood Insurance Program to September 30, 2015, a provision strongly supported by the National Association of Realtors

Michigan, MI - July 12, 2010 - (RealEstateRama) -- Automobile and Home Insurance Consumer Advocate Melvin Butch Hollowell today said he is extremely disappointed by the Michigan Supreme Court's decision to allow insurers to continue using an individual's credit score in setting rates for automobile, home, and other personal lines of insurance.