News
Detroit Bar’s Suit Against NBA Star Iverson Dismissed
A federal judge has dismissed a lawsuit seeking $2.5 million from former NBA star and Detroit Piston Allen Iverson over a 2009 bar fight. U.S. District Court Judge Nancy Edmunds found no evidence that Iverson punched an Ohio man or …
Holocaust Survivors in U.S. Seek $20B in Nazi-era Policies
Thousands of aging Holocaust survivors in the U.S. want Congress to clear a path for them to sue European insurance companies they contend illegally confiscated Jewish life insurance policies during the Nazi era and have refused to pay an estimated …
President Obama Insured Against Attack While in Australia
This coverage isn’t the U.S. health care law. When President Barack Obama visits Australia’s Northern Territory today, he will be presented with insurance coverage against attack — crocodile attack. The territory’s chief minister, Paul Henderson, said he will give Obama …
Broker banned for insurance fraud
The Financial Services Authority (FSA) has fined John Folan £195,117 for insurance fraud and prohibited him from carrying on regulated financial services activities. The penalty comprises a £70,000 fine and a disgorgement of £125,117 which Mr Folan obtained through commission when working as a director and adviser at Brentwood-based Key Mortgage Associates. Between January 2008 […]
EEOC: Discrimination Charges Hit Record Highs
A record 99,947 charges of discrimination were reported to the U.S. Equal Employment Opportunity Commission (EEOC) in fiscal year 2011, which ended September 30.
In addition, more than $364.6 million in monetary benefits was obtained for victims of workplace discrimination – the highest amount in the Commission’s history and $45 million more than was recovered in […]
Breaking up the Euro? Try Unscrambling an Omelet – an Analysis
Can you unscramble an omelet? That, in essence, is what euro zone leaders and the global monetary policy elite will have to do if the euro zone is to be reshaped in any semblance of an orderly manner, be it …
Transactor appoints two
Lewis and Wellman join the software house
Phones4u earnings hit by soaring claims
Smartphone claims and insurer competition dent earnings
Amlin breaches H2 cat budget as losses rise
Insurer sees 5.2% rate rise in UK
Families bail out friends and relations
Almost a third (31%) of UK families are providing financial support to their extended family and friends, according to the latest Aviva Family Finances Report. Loans and gifts are being given to ageing parents, adult children, siblings and close friends, with families paying out £442 a year on average. The most common recipients of financial […]