DUBAI, United Arab Emirates? Protiviti Inc. is offering its risk consulting services to a booming Middle East market from a new office in the Dubai International Finance Centre. Protiviti Member Firm (Middle East) Ltd. will serve as a representative operation in the region for its Menlo Park,...
WASHINGTON?The House of Representatives has approved a bill that would override a U.S. Supreme Court decision that affirmed a 180-day deadline for filing complaints of illegal pay discrimination. The House voted 225-199 Tuesday to approve H.R. 2831, the Lilly Ledbetter Fair Pay Act, which was...
Aided by strong investment gains, employees? 401(k) account balances rose by nearly 19% on average in 2006, according to a new study. Last year, the average account balance for 401(k) plan participants who have maintained accounts since 1999 was $121,202, up from $102,014 at year-end 2005, an 18.8%...
WASHINGTON?Nonprofit health care accreditation organization URAC has developed voluntary quality accreditation standards for the pharmacy benefit management industry. URAC has launched a program for health plans and stand-alone PBMs in the commercial market to receive accreditation that they have...
NEW YORK?Mark Feuer has been named to the newly created position of chief executive officer of U.S. business at Marsh Inc., the New York-based brokerage said Tuesday. In addition to his new responsibilities, Mr. Feuer will continue to lead Marsh?s U.S. middle-market and small commercial segment,...
HAMILTON, Bermuda?Validus Holdings Ltd. netted $314 million through its initial public offering last week. Hamilton, Bermuda-based Validus? IPO closed Monday after offering 15.2 million common shares at $22 per share, the company said in a statement. Validus plans to use proceeds to repay debt,...
Premiums written by risk retention groups continue to increase, though the increase is much lower than in recent years, according to a new analysis by the Risk Retention Reporter. Based on annual financial statements filed by RRGs, the analysis conducted by the Pasadena, Calif.-based newsletter...
NEW YORK (Reuters)?U.S. health insurer Coventry Health Care Inc. on Tuesday posted a 12% rise in quarterly profit, boosted by better management of medical costs and an increase in Medicare membership. Second-quarter net income rose to $151.3 million, or 96 cents per share, compared with $135.5...
WASHINGTON?The chief sponsor of a bill that would require the National Flood Insurance Program to offer windstorm coverage for both commercial and residential policyholders says he feels ?confident it will make it through the House.? The idea also has the support of key senators such as Sen. Trent...
Where we live, most first-time homebuyers purchase condominiums or townhouses. (I haven’t seen any co-ops?) Besides simply finding a unit that you like, I’ve been worried about having to deal with homeowners associations, or HOAs. There are plenty of horror stories about evil HOAs out there, as outlined by this Yahoo Finance article 10 Things a Homeowners Association Won’t Tell You. They are often cast as petty and heavy with politics:
When one Virginia homeowner asked for permission to hang Christmas tree lights in 1992, the board didn’t like the idea but didn’t know how to prevent it. “We struggled with this one,” says lawyer Benny Kass, who represented the association. “But we finally concluded that the restriction against hanging lights was valid because you ...
