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Bogus Insurance Claims Help Spaniards Weather Tough Economic Times

Leather seats are disappearing from cars. Precious jewels are vanishing from drawers. TVs are spirited out of homes in the dead of night. These crimes are not what they seem. And the perpetrators are not the usual suspects. The culprits …

Banks Still Face Legal Claims After $25 Billion Settlement

A landmark $25 billion settlement over foreclosure abuses will allow large banks to resolve one piece of their mortgage-related problems. But it still leaves them exposed to a wide range of lawsuits and other claims related to the housing crisis. …

MF Global Judge to Examine Insurance Payments for Former Executives

The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers. Opponents of the plan to cover former executives, …

5 Big Banks, States Agree on $25 Billion Home Mortgage Deal

Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. Thursday’s announcement brings an end to …

Has Pet Insurance Become a Necessity?

After Nicole Bodzon, 28, a consultant in Conifer, Colorado, paid $1,600 for her pug, Pepe, to have a possibly cancerous tumor removed from his eye, she thought she might benefit from an insurance policy. But it took her a while …

BP Wins Ruling Keeping Prior Accidents Out of Gulf Spill Trial

BP Plc won a court order to keep references to some previous accidents out of this month’s trial to assess blame for the 2010 Gulf of Mexico oil spill, the oil company’s second victory in as many days to bar …

Regulation: Health Insurers Must Put More Premiums into Medical Care

The California Office of Administrative Law approved Insurance Commissioner Dave Jones’ request to make permanent an emergency regulation he issued last year that requires health insurers to put a larger share of premiums into medical care. The regulation requires health …

Heffernan Names Tapia Education and Communication Specialist

Heffernan Financial Services, a division of Heffernan Insurance Brokers, has promoted Rebecca Tapia to education and communication specialist. In Tapia’s new role, she will be working with retirement plan sponsors conducting client education and enrollment meetings, as well as meeting …

Lawyer Says Cruise Lawsuits Will Force Insurers to Demand Higher Standards

Insurers stung by multi-million dollar claims over the Concordia shipwreck will demand higher safety standards from the cruise industry, a lawyer who will file suits this month against Carnival Corp for more than 70 plaintiffs said on Thursday. “There are …

Companies Partner to Offer New Elevator Insurance Program

JM Associates/Burnham + Company, a division of Hub International Northeast, announced today that The Hartford will now be the general liability carrier for its national elevator program. The new product will provide coverage for elevator clients, contractors, inspectors, consultants, distributors …

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