Archives » August 11th, 2008

NAR forecast shows strengthening housing market

The National Association of Realtors forecast predicts that existing-home-sales statistics might improve during the months ahead, thanks to the federal housing stimulus bill.
The NAR’s Pending Home Sales Index, an indicator based on contracts signed in June, rose 5.3 percent to 89.0, still 12.3 percent below June 2007 when it stood at […]

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Two Colorado insurance companies fined

The Colorado Division of Insurance has fined two insurers based on violations during a market conduct investigation.
The division fined Rocky Mountain Hospital and Medical Service Inc. $290,000 and its wholly owned subsidiary HMO Colorado, $252,500.
Market violations included failure to maintain required records, provide coverage to newborns, implement processes for terminating policies […]

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ISS awarded NATO contract

Intelligent Software Solutions, headquartered in Colorado Springs, has been awarded a contract to support the North Atlantic Treaty Organization’s Supreme Allied Command for Transformation program.
The company will provide senior air capability planners to support NATO in establishing an office in NATO’s Allied Command Transformation Headquarters, said ISS spokesman, Carl Houghton.
The ISS […]

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World’s most expensive house sells for $750 million

<p>An unidentified Russian billionaire has purchased a  luxurious villa on the French Riviera for about $750 million – a sum that’s  thought to be the highest price ever paid for a residence.</p><p>The amount surpasses the $229 million that steel tycoon  Lakshmi Mittal paid for a London town house during 2004, thought until now to  be […]

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