Costa Rica News

UK Insurance Broker Jailed over Costa Rican Corruption

A London-based insurance broker has been jailed after admitting making or authorizing corrupt payments worth almost $2 million to officials in the Costa Rican state insurance company and national electricity and telecommunications provider. Britain’s Serious Fraud Office said Tuesday that …

Los Angeles Judge Dismisses Sterility Verdict Against Dole

A judge on Thursday dismissed a $2.3 million judgment against Dole Food Co. in a lawsuit by purported Nicaraguan banana workers, ruling that the company and the court were victims of a massive fraud. Los Angeles Superior Court Judge Victoria …

Munich Re: ‘Ever Higher’ Nat Cat Costs; Ups Chile Quake Loss to $1 Billion

A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo Risks experts. Their conclusions are based on “the large …

Sources Indicate U.N. to Pick Costa Rica’s Figueres as New Climate Chief

Veteran Costa Rican climate diplomat Christiana Figueres is set to be appointed as the new United Nations climate chief, sources familiar with the matter said on Monday. The sources said U.N. Secretary-General Ban Ki-moon had chosen Figueres over former South …

Prosecutors: Mobsters Worked as NYC Inspectors

Corruption in New York City’s construction industry ran so deep that mobsters worked as city building inspectors in recent years, prosecutors said Thursday. One reputed Lucchese crime family member used his city Department of Buildings job to recruit customers for …

G-20 Leaders Blacklist 4 Tax Havens

Four nations were blacklisted as uncooperative tax havens Thursday after G-20 leaders declared the age of banking secrecy was over and said they would no longer tolerate shady havens draining away badly needed tax revenue. At the request of the …

G20 Seals $1.1 Trillion Deal

World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama declared it a “turning point” …

AIR Analyzes Costa Rica Quake

According to catastrophe risk modeling firm AIR Worldwide the U.S. Geological Survey (USGS) estimated that the earthquake, which struck Costa Rica last week, measured 6.1. The epicenter was located about 35 km (22 miles) northwest of the capital city, San …

Big Dig Tunnel Victim’s Family Settles Lawsuit for $28 Million

The family of a Costa Rican woman killed when the ceiling of a downtown Boston tunnel collapsed has settled a wrongful death lawsuit for more than $28 million, attorneys told The Associated Press. The settlement was announced Tuesday night by …

Why Agents Need to Know If Their Clients Blog

Getting ‘SLAPP’ed: Individuals Blog at Their Own Risk; Exposure of Business Clients Depends on Policy Endorsements Blog-related personal injury suits have produced judgments ranging between $7,500 and $11.3 million. A Dade County, Florida real estate developer in January 2008 filed …