Insurance

Insurance

BuildFax Teams With Equifax to Deliver Unique Property History Intelligence Assets to Insurance...

Austin, TX - June 7, 2011 - (RealEstateRama) -- BuildFax, the industry's exclusive creator of the largest commercial and residential permitting database in the United States, today announced that it has joined forces with Equifax Inc. (NYSE:EFX) to give property & casualty insurance carriers a more complete view of underwriting risks while uncovering any key changes to their portfolio since policy inception. Now, Equifax customers can gain immediate access to BuildFax’s unique, differentiated data assets, which include property history information representing 60 percent of the nation’s building permit volume. Through this relationship, insurance carriers can improve the accuracy of underwriting valuation models to develop more effective pricing strategies and reduce the potential for fraud

Agencies Extend Comment Period on Risk Retention Proposed Rulemaking

WASHINGTON, D.C. - June 7, 2011 - (RealEstateRama) -- Six federal agencies have approved and will submit a Federal Register notice that extends the comment period on the proposed rules to implement the credit risk retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period was extended to August 1, 2011, to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by June 10, 2011.

Storm Chasers & Home Improvement Scams

West Haven, CA - June 6, 2011 - (RealEstateRama) -- Well the season for strong storms has arrived, which are typically followed by beautiful weather. Unfortuantely, these severe weather patterns are also follwed by storm chasers, and not the kind looking to catch a cow flying through the air on video. These storm chasers are looking to take advantage of bewildered, confused, and desperate homeowners looking to get their homes back in good shape as soon as possible.

With Tornado and Wind Damage Covered by Homeowners Insurance, Patrick-Murray Administration’s Division of Insurance...

BOSTON, MA - June 2, 2011 - (RealEstateRama) -- With tornado damage covered by homeowners’ insurance, the Patrick-Murray Administration’s Division of Insurance is offering tips on the best way to file a claim with an insurance company to families who suffered damage in yesterday’s tornadoes and storms.

Wicker Introduces Flood Insurance Reform to Provide Certainty for Homeowners

WASHINGTON, D.C. - May 26, 2011 - (RealEstateRama) -- U.S. Senator Roger Wicker (R-Miss.) today introduced the Consumer Option for an Alternative System to Allocate Losses (COASTAL) Act to reform the National Flood Insurance Program (NFIP) by using increased data during the claims process. Wicker’s legislation would provide greater certainty to homeowners and the insurance market, ensuring certain losses from future storms are settled in a timely and equitable manner

MID stresses checking Flood and Homeowners Policies for Hurricane Preparedness Week

Jackson, MS - May 24, 2011 - (RealEstateRama) -- While other parts of the state are dealing with the aftermath of the flooding and tornado natural disasters, Commissioner of Insurance Mike Chaney and the Mississippi Insurance Department (MID) remind coastal Mississippians that hurricane season begins in a little over a week. Preparations for a forecasted active, 2011 Hurricane season need to begin now, during National Hurricane Preparedness Week, May 22-28, 2011.

Phase 2 Construction Starts at Cranberry Hill Estates

SHELTON, CT - May 17, 2011 - (RealEstateRama) -- Early sales success at Shelton’s Cranberry Hill Estates has accelerated the start of Phase 2 construction at the Armstrong Road community, announced John Tarducci, Senior Vice President of the New Homes Division at William Raveis Real Estate, Mortgage & Insurance.

Governor Bobby Jindal Announces the Reappointment of Jerry Carlisle to the Louisiana Citizens Property...

BATON ROUGE, LA - April 29, 2011 - (RealEstateRama) -- Today, Governor Bobby Jindal announced the reappointment of Jerry Carlisle to the Louisiana Citizens Property Insurance Corporation Board of Directors.

New Errors and Omissions Insurance Benefit Provides Protection for Realtors

Washington, DC - April 18, 2011 - (RealEstateRama) -- Realtors® now have access to an errors and omissions insurance program from the National Association of Realtors®’ newest REALTOR Benefits® Partner, Victor O. Schinnerer & Company, Inc.

Steve Slepcevic – Disaster recovery Ideas Provide to decrease the disaster’s affect

Los Angeles, CA - April 18, 2011 - (RealEstateRama) -- Paramount Disaster Recovery Company invented by Mr.Steve Slepcevic is most important national disaster response, revitalization and revival Company in the USA. Paramount Disaster has become a major head in national adversity crisis response and in creation under the brilliant guidance of Mr. Steve Slepcevic.

New Product Line Offered To Mortgage & Insurance Companies

West Haven, CT - April 13, 2011 - (RealEstateRama) -- ConstructionConfidant.Com is proud to to announce that our popular "Homeowner Defender Service" is now available to serve the needs of the mortgage banking and home insurance agencies accross the country. Our unique and innovative approach helps protect homeowners from home improvement scams, control unforseen costs, and walks your clients through the entire construction process.

NLIHC URGES HOUSING ADVOCATES TO TAKE ACTION ON CRUCIAL BUDGET VOTE

April 13, 2011 - (RealEstateRama) -- Late last week, budget negotiators struck a last-minute deal on the FY11 budget to reduce federal spending by $38.5 billion. This budget deal averted a government shutdown.

DELAWARE INSURANCE COMMISSIONER STEWART QUESTIONS FEDERAL HOME LOAN BANK MEMBERSHIP PROPOSALS

Dover, DE - April 13, 2011 - (RealEstateRama) -- Delaware Insurance Commissioner Karen Weldin Stewart, CIR-ML, through a letter sent by her Department to the Federal Housing Finance Agency (FHFA), expressed serious concerns regarding an Advance Notice ...

NAHB Hosts Joint Call on the Impact of Proposed Mortgage Rule on Home Buyers...

A new rule unveiled today by the Federal Deposit Insurance Commission would ratchet up mortgage lending restrictions to such an extent that they would disrupt the housing market and undermine an already-fragile recovery.

FEMA Administrator Agrees to Heinrich’s Request to End “Without Levees” Policy in Modernizing Flood...

ALBUQUERQUE, NM - March 16, 2011 - (RealEstateRama) -- U.S. Representative Martin Heinrich (NM-1) fought to prevent potential increases in New Mexico homeowner’s insurance payments—and he won. There has been growing concern from local flood cont...

Realtors® Advocate Reform, Long-term Extension of National Flood Insurance Program

Washington, DC - March 11, 2011 - (RealEstateRama) -- Congress needs to strengthen and reauthorize the National Flood Insurance Program for the long term to prevent undermining the fragile real estate market recovery, the National Association of Realtors® said in testimony today before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity.

Builders Support Five-Year Extension of National Flood Insurance Program

WASHINGTON, D.C. - March 11, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today voiced strong support for congressional efforts to extend the National Flood Insurance Program (NFIP) for an additional five years to provide ongoing flood insurance protection for property owners and ensure the nation's real estate markets operate smoothly and without delay.Testifying before the House Financial Services Subcommittee on Housing and Community Opportunity, NAHB First Vice Chairman Barry Rutenberg, a home builder from Gainesville, Fla., said that the home building industry depends upon the NFIP to remain available, affordable and financially sound.

William Raveis Named Marketing Agent for Cranberry Hill Estates

SHELTON, CT - March 7, 2011 - (RealEstateRama) -- The New Homes Division of William Raveis Real Estate, Mortgage & Insurance has been selected as marketing and sales agent for Cranberry Hill Estates, Shelton’s newest family community

Apartment Industry Announces Improved Renters’ Insurance Data Transfer Standard

WASHINGTON, DC - March 3, 2011 - (RealEstateRama) -- The Multifamily Information and Transactions Standards (MITS) initiative, the apartment industry’s coordinated effort to create data standards so different software programs can “talk to each other,” has released a new "Renters’ Insurance 4.0" standard.

Insurance Companies Use Public Media To Deface Disaster Recovery Agencies

PALOS VERDES, CA - March 1, 2011 - (RealEstateRama) -- In this tough economy everyone is watching their spending, trying to make that buck stretch just a little further, and insurance companies are no different. If you have ever had to make a claim, you may already be aware of the problems associated with getting what is fair. The people effected in some of the recent disasters, Hurricane Katrina and Rita and the California wildfires, know all too well what it is like to not receive a fair claim payment from their insurance companies, you're better off believing a poker player than a insurance claims adjuster. It's never a bad idea to hire a water and fire damage restoration company to complete an independent assessment and cost estimate. Hopefully, you won't need it, but if legal action becomes necessary, it's a handy document to have in your corner. So when people like Steve Slepcevic and his team of experts arrive on the scene to try to make a difference, sometimes the insurance companies fight back with l awsuits and media slander. Steve Slepcevic has focused his construction business on restoring and reconstructing homes and businesses directly and exclusively for the property owners after natural disasters.

FHA TAKES STEPS TO BOLSTER CAPITAL RESERVES

WASHINGTON, DC - February 15, 2011 - (RealEstateRama) -- As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA Commissioner David H. Stevens today announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30- and 15-year loans. The upfront MIP will remain unchanged at 1.0 percent. This premium change was detailed in President Obama’s fiscal year 2012 budget, also released today, and will impact new loans insured by FHA on or after April 18, 2011.

NCOA Teams with HUD and NRMLA to Assist Reverse Mortgage Borrowers Who Have Difficulty...

Washington, D.C. - January 7, 2011 - (RealEstateRama) -- The National Council on Aging (NCOA) is conducting a pilot project in collaboration with U.S. Department of Housing and Urban Development (HUD) and the National Reverse Mortgage Lenders Association (NRMLA) to help reverse mortgage borrowers who are struggling to pay property taxes and homeowners insurance

Freddie Mac Announces the Issuance of a New Three-Year Reference Notes® Security

McLean, VA - January 4, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACR8, due on February 25, 2014. The issue will be priced on Wednesday, January 5, 2011, and will settle on Thursday, January 6, 2011, at benchmark size.

FEMA Extends Lower Cost Flood Insurance Option To Eligible Property Owners In High-Risk Flood...

WASHINGTON, D.C. - December 20, 2010 - (RealEstateRama) -- Thousands who own homes and businesses in locations recently designated as high-risk flood areas will soon have a new way to save on flood insurance protection. Beginning January 1, 2011, the Federal Emergency Management Agency's (FEMA) National Flood Insurance Program (NFIP) is offering a new insurance rating option that will allow many property owners to take advantage of lower-cost flood insurance for two years before they are required to pay standard rates. The program will make Preferred Risk Policies (PRPs), which start at just $129 a year and are typically only available for properties in moderate-to-low risk areas, available for properties that have been newly mapped into high-risk areas due to a flood map revision on or after October 1, 2008.

Apartment Insurance Cost Fell 6% In 2010, NMHC Finds

WASHINGTON, DC - December 3, 2010 - (RealEstateRama) -- Apartment firms benefited from lower insurance costs in 2010, according to the National Multi Housing Council’s annual

Hartford National Title Launches Free Good Faith Estimate and HUD-1 Calculator

MILFORD, CT - November 30, 2010 - (RealEstateRama) -- Hartford National Title, Inc., a leading provider of title insurance and real estate closing services, announced today the launch of OneSourceQuote, its new Good Faith Estimate (GFE) and HUD-1 title calculator. This free online application is the byproduct of many months’ worth of developmental efforts and testing by programmers, staff, and beta clients.

Homeowners with Flood Insurance Should File Claims for Damages

UNITED STATES VIRGIN ISLANDS (USVI) - November 19, 2010 - (RealEstateRama) -- Federal Emergency Management Agency (FEMA) officials urge homeowners and individuals who suffered damages caused by the recent rains and floods and who have flood insurance, to file claims through their insurance agent or company without delay.

CampusMBA Extends Partnership with Insurance Advisors to Offer Live Online Workshops for Commercial/Multifamily Professionals

WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced it has extended its partnership with Stamford, Connecticut-based Insurance Advisors LLC. Under the agreement, CampusMBA, in conjunction with Insurance Advisors, will offer live online workshops addressing insurance issues for commercial/multifamily real estate loans.

House Approves Disaster Insurance Legislation

The House of Representatives on Thursday approved a bill that would help protect insurance markets in disaster-prone states from suffering devastating losses in the event of a catastrophic natural disaster.

House Passes Klein-Mahoney Homeowners Insurance Bill

Innovative and Common-Sense Legislation Eliminates Federal Bailouts and Provide Property Owners Relief by Increasing Acess and Lowering Insurance Rates

Popular Government & Nonprofit Press Releases

EPA

EPA awards North Dakota Department of Health nearly $3.9M to protect...

The U.S. Environmental Protection Agency (EPA) has awarded $3,884,000 to the North Dakota Department of Health (NDDH) to help protect human health and the environment through a Nonpoint Source Program Clean Water Act Section 319 cooperative agreement. This grant is given to states to implement environmental programs that address nonpoint source pollution in surface and groundwater in order to meet and maintain water quality standards.

Recent Government & Nonprofit Press Releases

New Home Sales Data

TEXAS NEW HOME PRICES INCREASE, SALES PACE SHOW SIGNS OF SLOWING

New home sales prices are increasing, and the pace of new home sales are showing signs of slowing in the four largest homebuilding markets in Texas, but total new home sales remain solid, according to the HomesUSA.com® New Homes Sales Index and other new home sales data released today.