Fraud Roundup
Everett man gets three years for arson A man who admitted torching a friend’s grocery store in Everett, Wash., in a plan by the two to collect insurance has been sentenced to three years in prison. Naveed Khan, 25, of …
Declarations
Plumped up payments “The partnership has, over time, relieved FEMA of the need to develop, hire, and train an in-house corps of sales agents, adjusters, and others to administer flood insurance.” — A report from the Government Accountability Office analyzing …
Making sense of the subprime mortgage mess
The collapse of the subprime mortgage lending industry has dominated the headlines, led to turmoil in the credit and financial markets, and left the residential real estate marketplace in disarray. It also has already generated waves of litigation, with the …
Making sense of the subprime mortgage mess
The collapse of the subprime mortgage lending industry has dominated the headlines, led to turmoil in the credit and financial markets, and left the residential real estate marketplace in disarray. It also has already generated waves of litigation, with the …
Declarations
Declarations Plumped up payments “The partnership has, over time, relieved FEMA of the need to develop, hire, and train an in-house corps of sales agents, adjusters, and others to administer flood insurance.” — A report from the Government Accountability Office …
Health premiums rise 6.1%; average family coverage costs $12,000
Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) or the overall inflation rate (2.6 percent), …
Chinese imports and product liability coverage
Recalled toys sit in the foreground as Sen. Richard Durbin, D-Ill., calls on a witness during the Senate Appropriations subcommittee hearing on Capitol Hill in Washington, Wednesday, Sept. 12, 2007, to discuss toy safety standards. (AP Photo/Susan Walsh) Mattell Chief …
Industry Confident in Terror Reinsurance Renewal Despite White House Veto Threat
Insurance industry lobbyists are confident there is enough backing in Congress for renewal of the federal terrorism reinsurance program and enough support to override a threatened presidential veto if necessary. The current reinsurance program expires at the end of the …
Business Cheers as S.C. Adopts Objective Standards for Workers’ Comp
Gov. Mark Sanford today was joined by business groups from across South Carolina when he signed an executive order mandating that the Workers’ Compensation Commission apply objective standards when making workers’ compensation awards. The South Carolina Supreme Court has held …
Swiss Re Economist Comments on Fed Rate Cut
Swiss Re’s Chief US economist, Kurt Karl, issued a comment following the decision by the Federal Reserve to lower the target fed funds rate 50 basis points to 4.75 percent. He described the move as a “strong action to alleviate …
