Italy News

Under OECD Pressure Bermuda, Others To End “Tax Haven” Practices

In an apparent attempt to head off the consequences of a soon to be issued report 6 countries – Bermuda, the Cayman Islands, Cyprus, Malta, Mauritius and San Marino (a tiny enclave within Italy-not the city in California) – Have …

Bancassurance Model is Business as Usual in European Countries

The passage of the Gramm-Leach-Bliley Act marked a watershed in U.S. financial regulation, opening up the banking, insurance and securities sectors to cross-holdings and business combinations after almost 70 years of separation. Most segments of the insurance industry praised the …

U.K. E-Retailer Collapses – .Com’s Under Pressure

When Boo.Com was launched last November there were high expectations that it would become a successful seller of sporty upscale designer clothing. When it collapsed yesterday under a mountain of accumulated debts, it sent shock waves through the dot com …

NAIC: Int’l Effort To Settle Holocaust Claims

Lawrence Eagleburger, Chairman of the International Commission on Holocaust Era Insurance Claims (ICHEIC), announced the launch of a comprehensive international effort to resolve outstanding claims on insurance policies held by victims of the Holocaust. The ICHEIC was formed in 1998 …