U.S. Drops Major Anti-Bribery Prosecution

The Obama administration on Tuesday dropped a major bribery prosecution that had been part of a campaign to crack down on corruption after the government suffered several setbacks in court in a case involving military equipment sales. Federal prosecutors moved to dismiss charges against the remaining 16 defendants rounded up in a “sting” operation to root out corruption under the U.S. Foreign Corrupt Practices Act (FCPA), which makes it illegal to try to bribe officials of foreign governments

Senators Renew Push for Cybersecurity Law

Leading U.S. senators introduced a cybersecurity bill on Tuesday aimed at safeguarding the nation’s water and power systems, which experts have warned often only have the most rudimentary protections against hackers

California Insurance Commissioner, Insurers Settle on Iran Investments

California Insurance Commissioner Dave Jones and a group of insurers have settled litigation over insurer investments in companies doing business in Iran, it was announced on Friday. The terms of the settlement permit the Jones to “maintain a public list of businesses involved in volatile sectors of the Iranian economy,” according to a statement issued by Jones’ office. The settlement also prevents Jones from declaring the investments of insurers in question to be declared non-admitted

Financial Stability Tops List of Insurers’ Concerns: Geneva Association

A newly published study from insurance think tank the Geneva Association analyzes the principle concerns facing the industry in 2012.  The current global financial instability tops the list. It’s closely followed by concerns over governmental management of natural catastrophe risk and the  demographics of dealing with aging societies. On the financial crisis Secretary General and Managing Director Patrick M.

Ratings Roundup: Dah Sing, Kiln, Ghana Re

A.M. Best Co. has withdrawn the financial strength rating of ‘A-’ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), due to its business being transferred to Dah Sing Insurance Company (1976) Limited (DSI 1976), which is based in Hong Kong

Jan. 2 Deadline Looms For People Suing Over 9/11 Health Claims

More than 1,600 people who filed lawsuits claiming that their health was ruined by dust and smoke from the collapsed World Trade Center must decide by Jan.

Esurance Debuts First Ad Campaign Since Being Bought by Allstate

Esurance, the onlinel car insurance company now owned by Allstate, has launched a new ad campaign around the concept, “Insurance for the Modern World. The campaign – which includes television, cinema, in-flight, online video and streaming radio among other media – will debut on CBS during the 1:00 p.m

Study: Private Insurers Can Complement National Flood Insurance

There is a new study out that examines the U.S. flood insurance program. And it says that according to its calculations, there are some regions in the country where National Flood Insurance Program (NFIP) premiums are too high.

Best Practices to Prevent Employee Fraud in a Recession

Difficult economic times like these are always accompanied by an increase in employee fraud claims. While most employees are honest and trustworthy burdened by financial stress, otherwise honest employees may be tempted to steal from their employers — the economic pressure allowing them to rationalize the criminal act and downplay the risk of being caught. At the same time, a tough economy is exactly when employers take a hard look at their operations to identify cost-cutting measures and often find that the numbers just don’t add up.

Drive As Prepared As Possible

[fivefilters.org: unable to retrieve full-text content] It does not matter whether you are merely driving your children to the school just down the street, or traveling with the whole family across the country on a summer vacation, you never quite know what can happen while driving. Of course, you may feel that your driving is acceptable-above average, perhaps, as some people may say. The truth about the issue is, however, that not everyone always drives as well as you might hope.

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