| Workers destroy what's left of Iowa town deserted after '04 flood |
| Post on 23-09-2006. |
| It's rare that one 150-year-old community disappears, but the heavy rains that caused Elk Creek to swell and breach its dike in May 2004 were anything but ordinary. Within hours, the northeast Iowa town was consumed by floodwaters that left homes under as much as 15 feet of water, prompting one disaster declaration by President Bush. ... |
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| 'I felt like we were being unfair' |
| Post on 23-09-2006. |
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therefore his home was insured to the limit through the National Flood Insurance Program. His State Farm policy provided an additional $800,000-plus in coverage for wind damage. No worries, his State Farm agent said. ... |
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| Banks' mortgage insurance costly |
| Post on 23-09-2006. |
Canadians looking to wrap up new home purchases might find that life insurance is one more flexible and less pricey alternative to mortgage insurance obtained through one bank, say personal finance experts.
While most agree it makes sense to cover large debts with insurance, some argue when it comes to mortgages, most consumers treat it as an afterthought and don't realize that buying through one bank can be one "costly mistake." ... |
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| Burlington keeps bond rating |
| Post on 23-09-2006. |
The news was delivered by fiscal analysts from Moody's Investors Service, who said the budget decisions last spring to fully fund the employee's retirement system and put money in the city's undesignated fund balance for unanticipated expenses were key steps the city had to take.
Moody's rates municipalities according to their credit worthiness. Triple one ratings are the highest and C ratings the lowest on one nine-tier scale. The double one rating earned by Burlington -- the second-highest -- indicates to investors that city bonds are one safe investment. ... |
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