June 29, 2010 – Police officer PC Simon Hood was disappointed that the car he bought two years ago had lost so much value when he attempted to sell it. So he arranged to commit insurance fraud by having a friend “steal” it.
A Norwich, England Crown Court heard how police officer PC Simon Hood [...]
June 29,2010 – The SEC says it’s filed investment fraud charges against Daniel Spitzer, a Virgin Islands money manager who piloted a $105.6 million Ponzi scheme, and that it has won a court order to freeze the assets of his firm.
The complaint filed in a Chicago federal court says that Spitzer told approximately 400 [...]
June 28, 2010 – On Friday federal lawmakers finished crafting a joint version of a financial reform bill that seems to be good news for consumers.
However, with Senator Byrd’s death the majority vote is now in question. Should it be passed President Obama plans to sign the bill into law on the Fourth of [...]
June 28, 2010 – When the Supreme Court ruled that “The Second Amendment protects an individual right to possess a firearm unconnected with service in a militia, and to use that arm for traditionally lawful purposes, such as defense within the home” in the District of Columbia et al. v. Heller case two years ago [...]
June 28, 2010 – The National Insurance Crime Bureau said today that staged automobile accidents in Florida rose by 58% in 2009 to 1,999 cases.
A group of United States automobile insurers, led by GEICO, State Farm Mutual Auto Insurance Co., and Allstate Corp. are trying to identify the doctors who have been handling the largest [...]
June 26, 2010 – The Insurance Information Institute conducted a poll in May which revealed that 32% of the residents of Mississippi and Louisiana, and more than a quarter of all Southerners polled wrongly believe that their homeowners insurance policy will cover them for any flood damage that a hurricane causes.
Jeanne Salvatore, a spokesperson for [...]
June 25, 2010 – On Friday, after three years of heated debate, Greenland’s indigenous people won the right to hunt 27 humpback whales. The decision, allowed under a 1986 ban on commercial whaling, was reached at the International Whaling Commission’s (IWC) annual meeting in Agadir, Morocco.
The ruling which allows “aboriginal subsistence whaling” will permit [...]
June 23, 2010 – A California appeals court recently allocated a share of fault to the United States Navy for a veteran shipyard worker’s exposure to asbestos.
By 2005, Ulysses Collins worked in the naval shipyards for thirty one years. As part of his job he was exposed to asbestos on a regular basis. [...]
June 22, 1010 – A number of timeshare resale telemarketing businesses that have recently sprung up are now at the top of Florida’s list of consumer complaints, even surpassing mortgage fraud.
Florida’s Attorney General’s Office and Department of Agriculture and Consumer Services says that in excess of 10,000 complaints have been filed about timeshare resale companies [...]
As an increasing number of investors are buying tangible products including antiques, wine, artwork, coins, and comic books, they are finding that collectible insurance may be a better option for protecting their investment than a traditional home owners insurance policy.
That’s because most mass market home owners insurance companies put a cap on items valued over [...]
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