Former NBA Chicago Bulls star Scottie Pippen must pay a bank more than $5 million in a breach of contract lawsuit involving a loan for a business jet, an appeals court ruled. The recent ruling by the Missouri Court of …
Child safety “None of us wants to — as we each have done — meet with another family who has lost a child, in what is clearly a preventable death.” Sen. Hillary Rodham Clinton, D-N.Y., spoke in support of legislation …
In almost every aspect of any business, the best day to do everything is the first day, especially when it comes to a new producer’s first day on the job. In order to make the most of the agency’s investment, …
The CPCU Society and American Institute for CPCU/Insurance Institute of America designate March as “Ethics Awareness Month.” Some people have a hard time defining ethics but ethics are really principles, right? I think we often get caught up in the …
Common methods of identity theft: Dumpster diving. Collecting bills and other sources of personal information from trash bins. Skimming. Stealing credit/debit card numbers by using a special storage device when processing your card. Phishing. Pretending to be financial institutions or …
Chicago Exchange, Carvill ready hurricane futures for insurers The Chicago Mercantile Exchange, the largest derivatives exchange in the United States, recently announced that it is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The …
MarketScout, Chicago MarketScout Corp., a Dallas, Texas-based eInsurance Exchange specializing in the distribution of property and casualty insurance products, opened a Chicago location to facilitate its growth in the Midwest. MarketScout underwrites and distributes hundreds of product lines to its …
$279 million KeyCorp Bank, based in Cleveland, Ohio, will receive $279 million from a Swiss insurance company to settle a six-year-old lawsuit over losses it claimed in its car leasing business. The settlement, disclosed in a filing with the U.S. …
Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. Four companies — ACE, AIG, St. Paul …
Contrary to popular opinion and despite well-publicized security breaches at governmental entities and major corporations, the primary methods of confiscating the information necessary to commit identity theft turn out to be old-fashioned, low tech practices, like dumpster diving, mail fraud …
