Posts Tagged ‘life-insurance’

Dead soldiers’ parents sue insurer Prudential over interest paid on life insurance policies The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself. Five plaintiffs joined the original plaintiff Monday in the lawsuit, which was filed

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The Pine Tree State mandates that all drivers are covered by a liability policy. As stated by the Maine auto insurance laws, motorists are required to have at least the following limits as a minimum; $50,000 for bodily injury to one person, $100,000 for bodily injury to two or more people, and $25,000 for property damage or a combined limit of $125,000. These limits were put into place to cover the injuries and damages caused to a third party by a policyholder and compared to many states, these limits are much higher than the norm. The bodily injury portion of a policy will pay for the injuries of a third party that are sustained when caused by a policyholder. This can also pay for such items as medical expenses, lost wages, and pain and suffering. The property damage portion helps pay for the cost of damages caused to property such as an automobile, fence or house while behind the wheel of the insured’s automobile. Liability policies will also cover bodily injury and property damage if a member of a household who is covered by the policy or a person who is borrowing the vehicle with the permission of the policyholder. Additional ME Car Insurance Requirements Operators in the state are also required to have Uninsured/Underinsured included on policies. This type of coverage protects the policyholder for the cost of medical expenses arising from a traffic accident in which the other party is uninsured, does not have adequate coverage or if victim of a hit and run; this will also pay for passengers who are occupying the insured’s vehicle as well. The Maine Bureau of Insurance states that the limits must be no less than the amount of the minimum liability coverage stated on the policy. However, consumers do have the option to purchase limits which only meet the state requirements, but just submit a written notice to do so at the time of policy inception. In addition the above mentioned  required coverage, motorists are also mandated to purchase Medical Payments. As of January 1, 2008, the state began requiring policyholders to have a minimum of $2,000 in medical payments coverage on policies. This will help pay for medical or funeral expenses if a policyholder and/or passengers are injured or killed as a result of traffic collision. Another benefit of this coverage is that it will compensate the  insured and/or members of their family if struck by a vehicle as a pedestrian, cyclist or if riding in another automobile. The $2,000 minimum requirement is quite low, especially compared to the cost of medical care and funeral expenses, if one does not contain a health care plan or life insurance, it may be wise to raise these limits. Source: http://www.onlineautoinsurance.com/maine/

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Panama’s ex-dictator Manuel Noriega on Tuesday dismissed charges of laundering drug money as an “imaginary banking scheme” concocted by the United States as he took the stand in a French court. The 76-year-old general denied taking payments from Colombian drug lords in the 1980s and told a Paris courtroom that cash deposits transferred to French banks came from his legitimate businesses and the CIA. “I say with much humility and respect that this is an imaginary banking scheme,” Noriega told the court in Spanish through his interpreter on the second day of his trial. “I will have the opportunity to produce documents that show that I was a victim of a conspiracy mounted by the United States against me,” he said. Noriega, who ruled Panama from 1983 to 1989, spent 20 years in a Miami cell for drug trafficking and money laundering and now faces the prospect of another decade in a French prison if convicted. Story continues below… His lawyers argue that the charges against Noriega, who was extradited to France two months ago, hinge on dodgy testimony from ex-drug traffickers who were paid and given protection by US authorities. Once a close US ally, Noriega testified that Washington turned against him in the 1980s when he refused to allow Panama to become a staging ground for operations against leftists across Central America. “That’s when the propaganda started against me after so many years of cooperation with the United States,” he told the court as his three daughters sat nearby, listening attentively. Presenting himself as a “professional soldier,” the ex-leader strongly denied dealings with Colombian drug cartels and said that on the contrary, he had fought narco-traffickers while in power in Panama in the 1980s. “I energetically fought against the drug trade and for this I received praise from the United States, Interpol and many other countries,” he said, wearing a dark suit and white shirt. Waving his hands at times to underscore his arguments, Noriega recounted that he had ordered a raid against a cocaine laboratory and waged other drug-fighting campaigns. “Based on these actions, I could not be friends with these gangs,” he said, referring to the Colombian drug cartels. The pock-marked general known as “Pineapple Face” was arrested by US troops that invaded Panama in December on a mission to arrest him and bring him to trial in the United States. The ex-leader was extradited to France on April 26 to answer charges of laundering the equivalent of 2.3 million euros (2.8 million dollars) from the Medellin cartel through French banks in the late 1980s. A French court in 1999 sentenced Noriega in absentia to 10 years in prison and a fine of some 13.5 million euros, but for years he fought extradition from his prison cell in Miami. French prosecutors say that drug money funnelled in the late 1980s was used by Noriega’s wife and a shell company to buy three luxury apartments in Paris. Much of the hearing on Tuesday was devoted to questions about Noriega’s bank accounts and his ties to the now-defunct BCCI bank, that allegedly handled his financial affairs. Asked about the source of millions in cash deposits at the bank, Noriega explained that the funds came from successful business ventures including duty-free sales at Panama airport and life insurance policies. After some three hours of testimony, Noriega’s lawyer Olivier Metzner asked him point blank if the funds in French bank accounts were drug money. “These funds were acquired in a transparent way. They come from my personal earnings,” he said. “And from the CIA?” added Metzner, to which Noriega responded by nodding. The one-time strongman who was a key asset for the Central Intelligence Agency in the early 1980s fell out with Washington after turning his strategically important Central American country into a hub for narco-trafficking. Convicted in the United States on charges of drug-trafficking and money-laundering, Noriega was sentenced to 40 years in prison in a Florida court. His time was reduced to 17 years for good behaviour. The trial wraps up on Wednesday and a verdict could come as early as next month.

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Panama’s ex-dictator Manuel Noriega on Tuesday dismissed charges of laundering drug money as an “imaginary banking scheme” concocted by the United States as he took the stand in a French court. The 76-year-old general denied taking payments from Colombian drug lords in the 1980s and told a Paris courtroom that cash deposits transferred to French banks came from his legitimate businesses and the CIA. “I say with much humility and respect that this is an imaginary banking scheme,” Noriega told the court in Spanish through his interpreter on the second day of his trial. “I will have the opportunity to produce documents that show that I was a victim of a conspiracy mounted by the United States against me,” he said. Noriega, who ruled Panama from 1983 to 1989, spent 20 years in a Miami cell for drug trafficking and money laundering and now faces the prospect of another decade in a French prison if convicted. Story continues below… His lawyers argue that the charges against Noriega, who was extradited to France two months ago, hinge on dodgy testimony from ex-drug traffickers who were paid and given protection by US authorities. Once a close US ally, Noriega testified that Washington turned against him in the 1980s when he refused to allow Panama to become a staging ground for operations against leftists across Central America. “That’s when the propaganda started against me after so many years of cooperation with the United States,” he told the court as his three daughters sat nearby, listening attentively. Presenting himself as a “professional soldier,” the ex-leader strongly denied dealings with Colombian drug cartels and said that on the contrary, he had fought narco-traffickers while in power in Panama in the 1980s. “I energetically fought against the drug trade and for this I received praise from the United States, Interpol and many other countries,” he said, wearing a dark suit and white shirt. Waving his hands at times to underscore his arguments, Noriega recounted that he had ordered a raid against a cocaine laboratory and waged other drug-fighting campaigns. “Based on these actions, I could not be friends with these gangs,” he said, referring to the Colombian drug cartels. The pock-marked general known as “Pineapple Face” was arrested by US troops that invaded Panama in December on a mission to arrest him and bring him to trial in the United States. The ex-leader was extradited to France on April 26 to answer charges of laundering the equivalent of 2.3 million euros (2.8 million dollars) from the Medellin cartel through French banks in the late 1980s. A French court in 1999 sentenced Noriega in absentia to 10 years in prison and a fine of some 13.5 million euros, but for years he fought extradition from his prison cell in Miami. French prosecutors say that drug money funnelled in the late 1980s was used by Noriega’s wife and a shell company to buy three luxury apartments in Paris. Much of the hearing on Tuesday was devoted to questions about Noriega’s bank accounts and his ties to the now-defunct BCCI bank, that allegedly handled his financial affairs. Asked about the source of millions in cash deposits at the bank, Noriega explained that the funds came from successful business ventures including duty-free sales at Panama airport and life insurance policies. After some three hours of testimony, Noriega’s lawyer Olivier Metzner asked him point blank if the funds in French bank accounts were drug money. “These funds were acquired in a transparent way. They come from my personal earnings,” he said. “And from the CIA?” added Metzner, to which Noriega responded by nodding. The one-time strongman who was a key asset for the Central Intelligence Agency in the early 1980s fell out with Washington after turning his strategically important Central American country into a hub for narco-trafficking. Convicted in the United States on charges of drug-trafficking and money-laundering, Noriega was sentenced to 40 years in prison in a Florida court. His time was reduced to 17 years for good behaviour. The trial wraps up on Wednesday and a verdict could come as early as next month.

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The obtaining of insurance quotes has become in the modern age a very effortless and elementary undertaking. With a large number of businesses in the insurance trade providing immediate quotes, the organizing and finalizing of insurance may be achieved in a small prompt window of time.

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Of the easiest ways to find insurance quotes is to go online. Internet is not available for everyone so there are other ways to find a quote for the type of insurance you need. If you are able to use the internet as a means of finding a quote you will find that doing this process online will improve the chances of finding the insurance coverage and company that is right for you and your budget. Getting an insurance quote online will also help bring down the monthly cost of your insurance with different types of discounts that you can only get online.

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There are simply certain things a person should really know when they are shopping around for cheap insurance quotes. There are many types of insurance available in today’s market but there are three types that are most currently sought after. It is also important not to forget that there are several factors that effect the price of a quote.

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