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The Gaston Gazette in Gastonia, North Carolina

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Newspaper

The Gaston Gazette

Location

Gastonia, North Carolina, United States of America

Date

Dec 11, 2012

Page

6

NC mobile home insurers to refund 1.6 million after state probe

North Carolina regulators say American Modern Home and American Family Home insurers must refund 1.6 million by summer for inflated and misapplied premiums deductibles waterbed charges and unlawful rate practices affecting thousands of mobile home renters and owners across 2007 to 2012. The case includes a 260000 fine and refunds totaling about 1.6 million across more than 28 thousand policies. Contact 1-800-543-2644 for eligibility details.

Mobile Home N.C AFHIC AMHIC Insurance Department Kerry Hall N.C. Department of Insurance Hall

Madoff trustee hits four-year mark pursuing assets

Four years after Bernard Madoff's arrest, trustee Irving Picard and lawyers led by David Sheehan report securing nearly 9.3 billion of the 17.5 billion investors sunk into the Ponzi scheme. They aim to recover about 3 billion more in 18 months, reducing losses to about 5 billion.

New York Bernard Madoff David Sheehan Bernie Madoff Madoff Sheehan Irving Picard Manhattan BakerHostetler Bernard L. Madoff Investment Securities LLC

Surprise new insurance fee hits health overhaul

Washington AP reports a new 63 per head annual fee to fund pre existing condition coverage under the Obama health care overhaul. The per person charge could total tens of millions for large employers and is likely to be passed to workers. The fee runs for three years starting 2014 to raise 25 billion dollars and funds a stabilization pool for insurers.

Washington Barack Obama Chantel Sheaks Sheaks Buck Consultants Xerox Obama Health and Human Services Department U.S. Treasury Gretchen Young Erisa Industry Committee Young America Paul Franstin Employee Benefit Research Institute

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