Insurance and Finance

Top Insurance Stories – Subscribe to Insurance and Finance here

SEC Charges Pennsylvania’s Capital City With Fraud

Federal investigators say City of Harrisburg, Pennsylvania officials misled the public and investors about how bad the municipality’s finances really were. The Securities and Exchange Commission on Monday charged the City of Harrisburg with securities fraud in connection with misleading financial statements made to the public. The SEC said the misinformation meant investors risked dealing in securities based on incomplete or outdated knowledge. The city has reached a settlement with the...

Housing Renters Being Squeezed Harder: Report

Severe housing cost burdens among working renter households have risen for the third consecutive year, according to the newest edition of the Center for Housing Policy (CHP)’s annual Housing Landscape report. Housing Landscape 2013 explores the latest American Community Survey data from 2011, showing that 26.4 percent of working renters spent more than half of household income on housing costs. While severe housing cost burdens stayed relatively stable for working homeowners between 2008 and...

Read the latest issue of FIRE News

A monthly publication featuring the latest news on the issues that matter most.