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SCC seeks to suspend N.C. Mutual’s license in Va.

Virginia regulators want to suspend the nation’s oldest black-owned insurer from doing business in Virginia, saying its finances are in hazardous condition. But North Carolina Mutual Life Insurance Co. is working on raising capital to boost its...

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Business Columns

The Nation’s Housing column by Kenneth Harney - 11/21/09 12:01 AM

In the wake of an independent actuarial study that found the FHA’s insurance fund reserves far below the congressionally mandated minimum,...

Metro Business

Central Va. entrepreneur envisions owning 100 hotels - 11/16/09 12:05 AM

Until P.C. Amin came to Richmond, he’d never stayed in a hotel. Now the Indian-born entrepreneur and his family own 37 of them—making...

Real Estate

Foreclosures hitting more people with prime loans - 11/19/09 10:51 AM

A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength...


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