Bank of America Reaches a Record $16.65 Billion Settlement Over Toxic Mortgage Bonds

By The Charlotte Observer Bank of America’s record $16.65 billion settlement with the U.S. government over toxic mortgage bonds requires the Charlotte bank to help struggling homeowners by modifying mortgages, forgiving principal More »

Unemployed Americans Are Miserable

By Danny Vinik For much of the year, congressional Democrats have tried to convince their Republican counterparts to pass an extension of long-term unemployment benefits, arguing that failure to do only exacerbates More »

E. Coli- A brief explanation and what to look out for

An outbreak of E. coli this year was responsible for several deaths in Europe and caused hundreds to get sick. The epidemic renewed concerns about E. coli in general. More »

Tired of paying too much for your car insurance? If so, you’re not alone.

According to data collected from J.D. Power, car owners got hit with an average increase of 35 percent on their car insurance premiums last year. What’s also devastating for your pockets is More »

Insurance salesman gunned down and killed after blind date

DALLAS — A 33-year-old insurance salesman was fatally shot inside his car early Friday in Oak Lawn, authorities say. More »

Time ran out on the unemployment extension proposal– 2 million people without help!

Barring an unexpected change of direction from the Republican leadership, the House of Representatives on Friday evening will go into recess yet again without taking action on extending emergency unemployment compensation benefits More »

GM Recalls 2.42 million vehicles

General Motors’ recall saga continued Tuesday with the beleaguered automaker recalling another 2.42 million vehicles for four separate issues. The move also means GM will take a $400-million charge against second-quarter earnings. More »

 
Bank of America

Bank of America Reaches a Record $16.65 Billion Settlement Over Toxic Mortgage Bonds

By The Charlotte Observer

Bank of America’s record $16.65 billion settlement with the U.S. government over toxic mortgage bonds requires the Charlotte bank to help struggling homeowners by modifying mortgages, forgiving principal and making loans to lower-income borrowers.

Phila Unemployment Project

Unemployed Americans Are Miserable

By Danny Vinik

For much of the year, congressional Democrats have tried to convince their Republican counterparts to pass an extension of long-term unemployment benefits, arguing that failure to do only exacerbates the pain of the long-term unemployed. A 2012 paper dug up Tuesday by the conservative American Enterprise Institute’s Andrew C. Quinn makes that case more convincingly than ever.

E.coli-Th1

E. Coli- A brief explanation and what to look out for

An outbreak of E. coli this year was responsible for several deaths in Europe and caused hundreds to get sick. The epidemic renewed concerns about E. coli in general.

Audi-A1

Tired of paying too much for your car insurance? If so, you’re not alone.

According to data collected from J.D. Power, car owners got hit with an average increase of 35 percent on their car insurance premiums last year. What’s also devastating for your pockets is that a rate increase was approved and enforced in 2012.

insurance_salesman

Insurance salesman gunned down and killed after blind date

DALLAS — A 33-year-old insurance salesman was fatally shot inside his car early Friday in Oak Lawn, authorities say.

Obama

Time ran out on the unemployment extension proposal– 2 million people without help!

Barring an unexpected change of direction from the Republican leadership, the House of Representatives on Friday evening will go into recess yet again without taking action on extending emergency unemployment compensation benefits for millions of the long-term jobless.

GMRecall

GM Recalls 2.42 million vehicles

General Motors’ recall saga continued Tuesday with the beleaguered automaker recalling another 2.42 million vehicles for four separate issues. The move also means GM will take a $400-million charge against second-quarter earnings.

Mid Atlantic Coast Prepares For Hurricane Sandy

NYU refuse to finish facial surgery because woman’s insurance co. stopped paying for the procedure

A New Jersey woman with a disfiguring facial condition claims doctors at NYU Medical Center are refusing to complete her treatment because her insurance company allegedly backed out of paying for the expensive surgery, according to a lawsuit.

World Food Prize

Insurance Leaders take part in the World Food Prize

When the World Food Prize started almost three decades ago, it was a small affair.

The event revolved around an award ceremony before expanding to a half-day symposium that drew about 50 people. Now it’s a weeklong series of events, panels and speakers, drawing about 1,500 people last year, said Megan Forgrave, a World Food Prize spokeswoman.

Benefits Life Insurance

New Parents- Why it’s important to insure your children, your parents and yourself

By Yolanda Spivey

When my child was first born, I took out life insurance on him immediately. As a person who is well versed in insurance products, I knew that unfortunately, anything tragic could happen at any time. I also couldn’t pass up the $1.00 a week premium that was offered to me for a policy payout of $50,000 on a permanent insurance product. It’s not a lot of money, but more than enough should a tragedy strike.

Phila Unemployment Project

Republicans are Pushing Hard to Extend Unemployment Benefits

By Politico

The prospects of getting a long-term unemployment benefits extension through the House dim with each day that passes — but Sen. Dean Heller still sees a flicker of hope.

sherri-shepherd-2-300

Is it Worth Getting Pet Insurance?

By Yolanda Spivey

Pet insurance is becoming more popular with many people budgeting for this expense.  It is estimated that pet owners spent a whopping $14.3 billion in veterinary care in 2013—and the numbers are expected to rise to $15.2 billion this year alone.

Obama

Obama Still Fighting For the Long Term Unemployed

President Barack Obama continues to keep up the drumbeat for an unemployment extension and a minimum wage hike, but neither issue appears any closer to a reality in Congress.

a-raisin-in-the-sun

The Insurance Lesson We Can Learn From the Play ‘A Raisin in the Sun’

By Yolanda Spivey

The play “A Raisin in the Sun” made its Broadway debut in 1959. Since then, it has been made into a musical, and a few films.  Acting heavy weights Sidney Poitier, Danny Glover, Joe Morton, and now Denzel Washington, have all starred in this production.

unemployment

Senate Approves Unemployment Extension But House Still Divided

The Senate officially passed legislation to extend unemployment insurance benefits Monday afternoon, leaving their bill in the hands of a House that is not just divided between Democrats and Republicans, but among members of the GOP on how to proceed.

Kathleen Sebelius

Kathleen Sebelius, Who Oversaw Obamacare Resigns

WASHINGTON — Kathleen Sebelius, who helped guide the rocky and controversial rollout of President Obama‘s landmark health law, has resigned as Health and Human Services secretary after more than five years.

CharleneDill

32 Year Old Woman Who Had 3 Jobs Dies Because Florida Refuse to Expand Medicaid Under Obamacare

By Yolanda Spivey

Although 32 year old Charlene Dill appeared to be in great health, she had an underlying heart condition that was chronic and plagued her for years.  The mother of three was working three part time jobs when one day in March, she collapsed and died on a potential client’s floor while trying to sell a vacuum cleaner.

JackieJoynerKersee

Former Olympian Jackie Joyner Kersee Helping Black People Take Better Care of Themselves

Three time Olympic champion Jackie Joyner-Kersee, helped launch a healthcare project called “Because We Care,” that is aimed at providing African American families with resources that will enable them to take better care of their families, and most importantly, themselves.

Flood Insurance

Bishop’s Statement on President Obama’s signing of the Homeowner Flood Insurance Affordability Act

Timothy H. Bishop, D- N.Y., issued the following news release:. Congressman Tim Bishop issued the following statement regarding the signing of the Homeowner Flood Insurance Affordability Act on Friday:. “I was happy to learn that President Obama has signed the Homeowner Flood Insurance Affordability Act into law.

Church

Obamacare Goes To Church!

By Yolanda Spivey

The number of African Americans uninsured is staggering—more than twenty-one percent under the age of 65 have no health insurance.  To combat this problem, The National Medical Association (NMA) along with Enroll America and Black churches are getting together to raise awareness.