Detroit Mulling City-Sponsored Auto Insurance

The City Council has approved a contract for a firm to study whether it’s feasible for Detroit, Mich., to create its own city-sponsored auto insurance company. Mayor Mike Duggan’s office says the $75,000 contract for Pinnacle Actuarial Resources was passed … Continue reading


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Montana’s Lindeen Elected NAIC President

Members of the National Association of Insurance Commissioners (NAIC) today elected its 2015 officers who  will assume their duties on Jan. 1, 2015. President: Montana State Auditor and Commissioner of Securities and Insurance Monica J. Lindeen President-Elect: Pennsylvania Insurance Commissioner … Continue reading


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North Carolina Approves Workers’ Compensation Rates for 2015

North Carolina Insurance Commissioner Wayne Goodwin said new workers’ compensation rates have been approved as filed and will go into effect April 1, 2015. There will be a 3.4 percent average decrease to loss costs for the voluntary market. There … Continue reading


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Arizona Joins Wave Suits in $3 Billion GM Ignition-Switch Fraud

Arizona became the first state to join the wave of litigation against General Motors Co. over faulty ignition switches, claiming the company misled consumers about the safety of its cars and defrauded them of $3 billion. Arizona Attorney General Tom … Continue reading


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US 30-year mortgage rates drop to 3.99 percent

WASHINGTON (AP) — Average U.S. long-term mortgage rates continued to tick down this week, remaining close to yearlong lows. Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage slipped to 3.99 percent from 4.01 percent last week. … Continue reading


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Report: Chinese Oil Giant Severs Baker & McKenzie Ties

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UK drops EU bankers’ pay challenge

20 November 2014 Last updated at 19:56 Europe’s Advocate General has upheld limits on London bankers’ bonuses In a surprise move, the UK government has withdrawn its legal challenge to EU legislation that caps the level of bankers’ bonuses. Chancellor … Continue reading


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Wigan’s Whelan in anti-Semitism row

Wigan owner Dave Whelan has been accused of anti-Semitism over comments he made to a national newspaper. It comes the same day a sponsor ended its agreement with the club over the appointment of Malky Mackay as manager. The Football … Continue reading


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Sheffield United retract Evans offer

Sheffield United have retracted their offer to let convicted rapist Ched Evans use their training facilities. The Blades had been heavily criticised for agreeing to allow Evans to train at the club after his release from prison. Olympic champion Jessica … Continue reading


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‘Beheading plot’ suspects in court

20 November 2014 Last updated at 17:39 Please turn on JavaScript. Media requires JavaScript to play. … Continue Reading »


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NSA chief warns Chinese cyber attacks could shut U.S. infrastructure

By Patricia Zengerle WASHINGTON (Reuters) – China and “probably one or two” other countries have the ability to invade and possibly shut down computer systems of U.S. power utilities, aviation networks and financial companies, Admiral Mike Rogers, the director of … Continue reading


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Bill Ackman broke cardinal rules of short-selling with Herbalife: Kass

It’s not easy being green, as a famous frog once sang. It’s also not easy being a short seller, especially in market that keeps hitting new records. But someone’s got to do it and few have done it as well … Continue reading


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