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Britain weighing gasoline price-fixing probe of BP, Shell, Statoil
DULUTH, Minn., Oct. 24 (UPI) -- An insurance agency in Minnesota agreed to pay a $3,000 fine after placing ads exploiting American International Group Inc.'s financial troubles.
The Minnesota Department of Commerce fined the Dwight Swanstrom Co. of Duluth, Minn., $3,000 and licensed insurance agent Gregory Brisky $2,000 after he placed an ad soliciting business by capitalizing on AIG's financial straits, the Insurance Journal reported.
The U.S. Federal Reserve opened an $85 billion line of credit for AIG last month in a highly publicized government rescue. The Minnesota Department of Commerce has since reassured the public several times that AIG is financial solvent, the Journal reported.
The ads called out directly to AIG policyholders. "AIG policyholders, nervous about the current situation with your insurance company? We have alternatives. Don't be risky, insure with Brisky," the newspaper ad said.
Both the agency and the insurance agent who placed the ad have waived their rights to a hearing on the matter, the Insurance Journal reported.
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WASHINGTON, May 21 (UPI) --
A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive.
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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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