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US Employers Aren’t Paying Accident Insurance
It was recently revealed that thousands of workers in New Jersey are getting hurt at work and finding out that their employers have not taken out insurance to cover their injuries. The Star Ledger reported that the problem is a “small but growing slice” of the state's litigious system which pays out a total of $1.8 billion a year in accident claims.
Report Predicts Good News For Insurers
Car insurers are set to make a profit for the first time in 14 years according to a report released this year. They will make a profit in 2009 because of rises in insurance premiums the report has said. This year the industry faces a loss but the market will make a profit of £30 million pounds next year because the cost of premiums will outstrip the cost of accident claims, the Market Analyst Datamonitor revealed.
US Life Insurance Fraudsters Face Time Behind Bars
Two elderly American women, who hatched a plot to collect life insurance pay outs, are being charged with murder this month. The pair claimed to be engaged or related to homeless men in order to collect life insurance funds after killing them.
Life Insurance Data Disc Lost By HSBC
The major bank has admitted that a computer disk containing the life insurance details of nearly 400,000 customers has been lost. The disk went missing at some stage during courier transportation between a HSBC office and the office of reinsurers Swiss Re. Usually life insurance information is transmitted between companies using a secure data connection, but on this occasion a technical fault prevented this, so a Royal Mail courier was used instead.
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