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Evidence is given to MPs on car insurance costs
A reduction in the price of motor insurance can only be achieved if the risks and costs borne by insurers are reduced, the Lloyd’s...
Justice : AIG to pay USD 450 m to settle lawsuit
American International Group Inc has agreed in principle to pay $450 million to settle a lawsuit with rival insurance companies over alleged under-reporting of...
Metropolitan Police and IFB Disrupt Illegal Insurance Advisers
Officers from the Metropolitan Police yesterday, 5 January, arrested a 31-year-old man on suspicion of conspiracy to defraud and money laundering offences.
The Fraud Squad...
AIG’s Taiwan unit fined for punishing union member
The Taiwan unit of US insurance giant AIG has been fined for punishing a union official after he spoke out on the planned sale...
Justice : seven U.S. insurances companies sue Toyota
Seven insurance companies have filed lawsuits against Toyota Motor Corp. seeking a minimum of USD 230,000 to cover the cost of claims paid for...
Zurich pays 37.5 million dollars to settle NY state dispute
Swiss insurer Zurich Financial Services said Monday that it had agreed to pay some 37.5 million dollars (28.2 million euros) to the US state...
Home cheat home
Home insurance is now the number one target for insurance fraudsters according to the hundreds of fraudulent insurance claims exposed every day says the...
AIG to shell out $100 Million due to penalties
According to a statement by the Insurance Department in Pennsylvania on Wednesday, around $100 million in penalties will be paid by the American International...
Competition Commission publishes conflicts review
The Competition Commission (CC) has today published the report of an independent review into the rules and practices relating to possible conflicts of interest...
FSA hands out fines totalling £88m, more than doubling last year’s record haul
- Fines set to rise further next year as new penalties policy bites
- Tip of the iceberg as financial services firms spend unseen hundreds...
U.S. Democrats slam Republicans on 9/11 health bill
The White House Tuesday told Republicans to ditch an "awful" pre-Christmas bid to block a health bill for hero September 11 emergency workers, amid...
Judge rules Obama health reform unconstitutional
A US judge Monday ruled that a key provision in the Obama administration's landmark health care reform requiring all Americans to have insurance was...
Doctors see rise in false injuries for insurance compensation
Nine in 10 GPs suspect that they have seen patients who have exaggerated their injuries for the sake of insurance claims, a survey has...
Justice : Drug companies in the U.S. to pay 421 million USD for price scam
Three pharmaceutical companies have agreed to pay 421 million dollars for reporting inflated drug prices to the US government, officials said Tuesday.
The Justice Department...
US healthcare plan : federal judge tosses challenge
A federal judge in Virginia on Tuesday dismissed a lawsuit challenging the landmark healthcare law championed by President Barack Obama, upholding key provisions that...
AXA sued ING for deception in purchase of Mexican business
A unit of French insurer Axa SA sued an ING Groep NV subsidiary over alleged misrepresentations in ING’s $1.5 billion sale of a Mexican...
U.S 9/11 rescuers agree 625 million dollars damages from government insurer
More than 10,000 rescue workers sickened by toxic dust and other debris after the September 11 attacks in New York on Friday accepted a...
Ireland : Massive bailout from European Union and International Monetary Fund
Ireland's massive bailout by the European Union and the International Monetary Fund was inevitable, even though leading Irish politicians were claiming almost to the...
British court throws out most nuclear test health claims
A British court ruled Monday that only one veteran out of more than 1,000 who blame health problems on British nuclear tests in the...
Obama foes vows quick action against health overhaul
Top US House Republican John Boehner on Thursday vowed quick action next year to try to roll back President Barack Obama's signature overhaul of...
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