The Irish Bank Resolution Corporation, formerly Anglo Irish Bank, has filed contempt of court proceedings against former Quinn Insurance boss Seán Quinn, his son Seán Quinn jnr, and his nephew Peter Darragh Quinn.
Tags: Court, Seán Quinn Posted in
John Hancock Financial, one of Colorado’s largest insurance companies, recently raised rates for long-term care coverage significantly. Some consumers saw increases as high as 90%, while other saw increases of half that number. The rate hikes have sparked the ire of consumers who say that these new rates are excessive. The state’s Department of Insurance is not being inundated with complaints concerning the matter, though regulators claim that the rates are somewhat justified.
Long-term care insurance provides coverage for those that must take advantage of nursing homes or various types of in-home care. Thi
Tags: Consumers, Hancock Financial, John Hancock, John Hancock Financial Posted in
Relying on a life insurance policy that’s provided by your employer can be a costly expense in the long run. It seems to be convenient since the policy is usually low cost or free but it often does not provide sufficient coverage if you ever need to use it.
With the instability of the economy; your policy is only in effect as long as you are employed. If something were to happen where you lose your job or switch employers, you lose the benefits of that policy. If you are starting a new job, there is usually a certain time frame you have to wait before becoming eligible for a new employer’s policy.
Tags: Employer, Life Insurance Posted in
Cyanotech Corporation , a world leader in microalgae-based, high-value nutrition and health products, today announced financial results for the third quarter and first nine months of fiscal year 2012, ended December 31, 2011.
Third Quarter 2012
For the third quarter of fiscal 2012 compared to the third quarter of fiscal 2011, revenues were $6,706,000 compared to $3,919,000. Gross profit was $2,827,000, with gross profit margin of 42%, compared to gross profit of $1,232,000 and gross profit margin of 31%. Net income was $1,113,000 or $0.20 per diluted share, compared to net income of $10,000 or $0.00 per diluted share.
Tags: Quarter, Third Quarter Posted in
A lot of people hate election years, but there’s a snarky part of me that loves them. The low-budget ads, especially on the local level. The candidate gaffes. The inevitable Sarah Palin appearance that will result in dozens of SNL/Tina Fey parodies.
The one thing I can’t stand? All the faux folksy. Every time we get close to a primary or caucus, we’re bombarded with staged photos and reports of candidates being “normal.”
Rick Santorum hunts! (In an NRA cap, no less.) Newt Gingrich names Chuck Norris his “Secretary of Attack”! Mitt Romney does his own laundry! (And the other side is just as guilty. Republica
Posted in
Often, the prevailing attitude regarding insurance fraud is that no one gets hurt. Many people believe that the big insurance companies can easily absorb the cost, while theyre simply taking back money that theyve been paying in premiums for years. In reality, insurance fraud costs American consumers upwards of $30 billion each year.
In conclusion, anyone who knowingly provides inaccurate information or doesnt divulge pertinent details during the application, underwriting or claim-filing process can potentially face fraud charges.
Tags: Fraud, Insurance Fraud Posted in