Reverse mortgages poised for ‘astounding’ growth, but limited uses

Reverse mortgages, which have been trumpeted as the panacea for many seniors who have paid off their home loans, are not a good fit for most older Americans, according to a new Consumers Union report.  Read Story

U.S. House joins Senate in approving Medicare pay freeze for one year

The U.S. House of Representatives has joined the U.S. Senate in approving a bill freezing Medicare pay for doctors through the end of 2011.  Read Story

U.S. House Democratic Caucus says no to Obama tax compromise

Members of the Democratic Caucus of the U.S. House of Representatives say they will not allow the compromise extending Bush-era tax cuts for two more years to go to the House floor for vote.   Read Story

When this video first began, I thought that it was a spoof from the likes of John Stewart or Saturday Night Live. Its camera work is definitely along the lines of the "mockumentary" style used by NBC's The Office, which, like this video, doesn't have an audience or a laugh track. But alas, the video below is actually an initiative from the Obama Administration that attempts to explain complicated topics to what it perceives is a dumbed-down electorate.  Read Story

Progressive offering usage-based discount to Virginia drivers

Virginia drivers with Progressive auto insurance may be eligible for a discount of up to 30%, depending on their driving habit  Read Story

Florida-based property-casualty carrier licensed in Maryland

Universal Property & Casualty Insurance Co. has been licensed to write property and casualty insurance policies in Maryland.  Read Story

Right now Republican strategists are plotting how they’ll make good on their campaign promise to halt the president’s healthcare overhaul – and early indications are they have the ...  Read →  Read Story

Texas puts end to insurers’ use of discretionary clauses

Texas’ insurance commissioner has issued a prohibition on discretionary clauses in all insurance policies in the state, saying they are “unjust, encourage misrepresentation and are deceptive.”   Read Story

Support for health reform forecast to ‘climb’ as understanding grows

Most Americans want to repeal the new health reform although they agree with many of the law’s main ideas, according to a new survey.   Read Story

‘Kip’ Condron to step down as president, CEO of AXA Financial

Christopher “Kip” Condron is retiring as president and chief executive officer at AXA Financial, effective Jan. 1, 2011.  Read Story