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  • FHA Raises Subprime Debt Insured for Housing Rebound
    InsuranceHeadlines (Bloomberg) -- In Honolulu, on the southern coast of the island of Oahu, there’s a four-bedroom home priced at $785,000 that has views of the sun setting over the Pacific Ocean. The beaches of Waikiki are 15-minutes away. Starting this month, the property is available to ...

  • FDIC Proposes Rule on Mutual Insurance Holding Companies Supporting NAMIC Stance
    WASHINGTON - A proposed rule issued by the Federal Deposit Insurance Corporation (FDIC) recognizes state regulation of mutual insurance holding companies while providing insurers with greater certainty and clarity, the National Association of Mutual Insurance Companies (NAMIC) said today. “The FDIC is right to propose that mutual insurance holding ...

  • Many 401(k) participants would be hit hard by proposed tax changes
    WASHINGTON—Many 401(k) participants likely would see lower account balances if federal lawmakers implement a pair of proposals aimed at changing the tax treatment of 401(k) retirement plans, according to a study by the Employee Benefit Research Institute. The proposals, drafted by the bipartisan National Commission on Fiscal Responsibility and ...

  • 80 employers, groups object to proposed PBGC premium hike
    WASHINGTON—Raising premiums that employers with defined benefit plans pay the Pension Benefit Guaranty Corp. would cost jobs and be counterproductive in the long run, more than 80 major employers, consultants and trade associations said in a letter to federal lawmakers. Hiking premiums “is targeted at those employers suffering the ...

  • Fewer big employers offer new employees DB plans
    The number of large U.S. employers that offer a defined benefit pension plan to new salaried employees continues to fall, while the number offering only defined contribution plans continues to increase, according to a study by Towers Watson & Co. As of May 31, 30% of Fortune 100 companies ...