Did LINA wrongfully deny disability payments to claimant with multiple sclerosis? (Part II)

Posted on : 18-04-2010 | By : Jose Gonzalez | In : Financial News

Tags: Disability Payments, Payments

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Dalit Waissman took sued Life Insurance Company of North America (LINA) when the company terminated her long-term disability payments in May 2006. In arguments presented before District Judge Jeremy Fogel of the U.S. District Court’s Northern District of California, San Jose Division on January 20, 2010, Waissman’s disability attorney did his best to show that the material in Waissman’s claim’s file demonstrated beyond doubt that Waissman was disabled according to the definitions laid out within her former employer’s long-term disability plan.

→ Click here to continue reading Did LINA wrongfully deny disability payments to claimant with multiple sclerosis? (Part II)

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Property for Industry posts steady 1Q profit

Posted on : 17-04-2010 | By : Andrew Miller | In : Financial News

Tags: 1q Profit, Profit

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April 19 () – Property for Industry, which has a portfolio of 55 industrial properties, reported little-changed first-half profit as rentals rose and the company took one-time adjustments for a drop in the value of interest rate swaps.

Profit was $3.42 million, or 1.59 cents a share, in the three months ended March 31, from $3.44 million, or 1.62 cents a year earlier, the company said in a statement today. Rental income rose 3.2% to $8.19 million.

The investment group managed by AMP Capital Investors held its dividend unchanged from a year earlier at 1.55 cents a share. P

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Seniors Feel the Squeeze from CD Rates

Posted on : 14-04-2010 | By : Allison Thompson | In : Financial News

Tags: Cd Rates, Rates

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With some of the lowest certificate of deposit (CD) rates in history bank profitability may be up, but the account balances and investment income for senior citizens are down. Although all investors are feeling a squeeze on their investment returns, senior citizens are by far getting squeezed the most. If you take a quick look at the interest rates for the past four years since Bernard (Ben) Bernanke became the chairman of the Federal Reserve in 2006, it paints a picture of how seniors have watched their incomes deplete. In 2006, when Bernanke came on the scene, the federal funds interest rate was 4.5 percent.

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Fannie Mae’s Miscellaneous Servicing Guidelines Changes

Posted on : 14-04-2010 | By : Jose Gonzalez | In : Financial News

Tags: Changes, Guidelines Changes

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ForeclosureIndustry.com has posted an article that discusses the changes to Fannie Mae that were decided upon on March 30th of this year. Beginning May 1, 2010, MERS cannot be named as a plaintiff in any foreclosure case whether it’s judicial, non-judicial or if the mortgage was securitized or if the loan was/is owned by Fannie Mae.

MERS is the mortgagee of record when either a mortgage names MERS as the original mortgagee and is recorded in the applicable land records, or a completed and recorded assignment names MERS as the mortgage assignee.

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Tea Party Express: Tax day rally

Posted on : 13-04-2010 | By : Andrew Miller | In : Financial News

Tags: Day, Party Express, Tea Party, Tea Party Express

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Right Now blog: Tea Party Express takes a victory lap, makes endorsements

David Weigel: Thanks for participating, everyone! I just got back from the first D.C. protest of the day, so let’s get started.

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Washington, D.C.: What, in your opinion, is the difference between the tea party and moveon.org, PFAW, certain union-funded groups, etc.

To me, those groups are the lefty version of the tea party movement.

David Weigel: I think that’s a fair comparison to make. One difference between tea parties and, say, Health Care for America Now, is that all of the tea party money is given voluntarily — either by grassroots activists or by corporations.

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How to Steer Clear of the Investment Panic Button

Posted on : 11-04-2010 | By : Allison Thompson | In : Financial News

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Do you get paranoid about your finances, try too hard and end up hurting your chances for a comfortable life?

Sara was sick, or at least so we thought. During one morning, she was having trouble breathing and sneezing, and getting very frustrated. The caring dad yelled at whoever came his way, pushed everyone aside and rushed her to a walk-in clinic. When they got there, Sara was quietly asleep, without a hint of trouble. But that’s not the end of it. Everyone else there was sick. Kids were running around sneezing, coughing, and spreading their viruses around the room. T

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CA Attorney General Shuts Down 2 Fraudulent Mortgage Companies

Posted on : 10-04-2010 | By : Jose Gonzalez | In : Financial News

Tags: Attorney General, Companies

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Attorney General Jerry Brown, a candidate for California governor in 2010, has posted an article on his website about how he shut down two fraudulent foreclosure-assistance companies and provided $1 million in restitution for the victims used by the companies.

Last July, Brown filed suit against U.S. Foreclosure Relief Corp. and H.E.

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