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Personal Finance News
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NY AG announces probe of life insurance industry (AP)

New York Attorney General Andrew Cuomo attends a news conference in New York, June 30, 2010. Cuomo and the New York City Police Department (NYPD) announced the dismantling of a sophisticated international luxury-vehicle theft ring that is believed to have stolen hundreds of vehicles in New York, New Jersey and Connecticut, which were often shipped to Senegal, according to an NYPD press release. Cuomo is the Democratic Party nominee for Governor of New York.  REUTERS/Mike Segar   (UNITED STATES - Tags: POLITICS CRIME LAW TRANSPORT)AP - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.



MetLife posts Q2 earnings of $1.5 billion, beating Street (Reuters)
Reuters - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.
Florida mortgage firm settles federal charges (AP)
AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.
PMI Group narrows loss, but shares tumble (AP)
AP - PMI Group Inc. on Thursday reported a nearly $151 million loss, narrower than a year ago but far wider than Wall Street expected. Shares of the mortgage insurer tumbled nearly 15 percent.

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