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Short news : Bulgarian health minister quits amid funding row
Bulgarian Health Minister Anna-Maria Borisova quit Wednesday after a disagreement with the prime minister over how to handle an insurance fund crisis that has...
Study : Insurance Cheats Running Out of Time
Insurance cheats stand a greater chance of being identified and truth-tellers vindicated as a result of new research into detecting lies.
Dr Sharon Leal,...
Quinn : UK commercial insurance ban stands
The Irish regulator and the Central Bank have confirmed an earlier decision that prevents Quinn Insurance writing commercial insurance in the UK.
A statement...
AIG : discussions with government for bailout repayment
American International Group (AIG) is discussing plans with the government to fully repay the government bailout it received two years ago, according to a...
Cornish Mutual : warns of increase in sheep rustling cases
South West based insurance firm Cornish Mutual believes the high-price of lamb could lead to a marked increase in the number of claims for...
Europe / Regulation : an agreement should soon be reached
An agreement will be reached by the European Union that will lead to the creation of a new pan-EU supervisory authority which will...
FSA / ban : insurance broker David Marriott banned for persistent misuse of client money
The Financial Services Authority (FSA) has banned insurance broker David Marriott for persistent misuse of client money after using clients’ funds to support his...
Health / Issues : Botox maker Allergan to pay 600 million dollars
Allergan, the maker of the popular anti-wrinkle treatment Botox, said Wednesday it had agreed to pay 600 million dollars to settle a US probe...
EU opens antitrust probe into maritime insurance
European Union regulators opened an antitrust probe on Thursday into the maritime insurance sector, citing concerns that certain agreements may harm ship...
Insurance fraud : Police arrested three in ‘cash for crash’ raids
Three men have been arrested in the Lancashire area as part of an ongoing investigation into ‘cash for crash’ activity.
The raids, which were made...
Justice : AIG to pay 725 million dollars to settle US fraud lawsuit
US insurance giant AIG has agreed to pay 725 million dollars to settle allegations of market fraud brought by three Ohio pension funds, the...
Obama’s victory : Wall Street reform to stop ‘shadowy deals’
Two years after an economic crisis laid bare the shaky foundations of the US financial system, questions remain as to whether the latest measures...
Justice : Spanish court issues landmark asbestos ruling
A Spanish court has for the first time ordered a firm to pay millions of euros in compensation to residents whose health was harmed...
Justice : Liberty Mutual filed a securities fraud lawsuit against Goldman Sachs over Fannie Mae Investment
Liberty Mutual Insurance Co. has filed a securities fraud lawsuit against Goldman, Sachs & Co. to recover losses on $62.5 million of investments in...
Court: Insurance rates can reflect credit scores
Insurance companies can use a person's credit report to determine rates, the Michigan Supreme Court said Thursday in declaring that state regulators exceeded their...
Health provider partners may face privacy fines
U.S. companies that partner with hospitals and other health providers could face steep fines if they disclose private patient information under a new federal...
Europe imposes caps on banker bonuses, insurance companies could be concerned
The European Parliament sounded the death knell for unrestricted bonuses for some bankers and traders in Europe on Wednesday when it approved limits due...
ABI disappointed by Court of Session judgment on Scottish Pleural plaques
Today’s judgment by the Court of Session in Edinburgh that maintains the recently passed Act to compensate people with pleural plaques ignores the medical...
Woman fined for wasting police time after making false report of burglary
The 28-year-old woman contacted officers recently to report a burglary at her home at Recreation Grove, claiming that offenders smashed a window to enter...
Stanford sues Lloyd’s of London for defense costs
Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd's of London for defense...
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