Bentleys, Ferraris and Lamborghinis are among more than 3,700 luxury cars seized by police in England and Wales so far this year, according to new research.
A total i n excess of 22,500 vehicles were confiscated by police forces by mid-July because their drivers were either not insured or did not have a valid licence, analysis by Churchill Car Insurance found.
Over £1.4 million has been raised by the sale of these vehicles at auction, with the highest resale price of a single car achieved by the Metropolitan Police at £22,100.
More than 6,500 of the cars have been crushed so far this year, with their scrap value generating almost £280,000.
The figures are based on responses to Freedom of Information requests submitted on June 16.
Churchill’;s head of car insurance Steve Barrett said: “Everyday, law-abiding motorists are paying out for their car insurance but the harsh truth is that they also have to pay for the million drivers on our roads who choose to drive without insurance.
“To know that a contingent of these uninsured motorists are driving around in luxury cars worth hundreds of thousands of pounds, believing that their bank balance elevates them above the law, is maddeningly unjust and selfish beyond measure.
“We need an urgent examination of the penalties for uninsured motoring, introducing sentences that are a real deterrent and that will keep these irresponsible motorists off the road.
“The penalties should be far higher and money generated from increased fines should be pumped back in to enabling the police to catch more uninsured drivers.”
Analysis of Motor Insurers’; Bureau data showed that London had the highest percentage of uninsured cars at 5.5%, followed by the North West (4.3%) and North East (3.5%).
Scotland and the South West were joint lowest at 1.4%.
:: Here are the luxury cars seized by police forces in England and Wales so far this year (number of cars in brackets):
TORONTO — Illegal immigrants are not entitled to compensation from public funds for a motor vehicle accident, says Ontario’s court of appeal, which has rejected a hard-fought claim from a Brazilian man hurt in a hit-and-run when walking across a Toronto street.
Jarley Silva was run down in 2011 while he was walking across Bloor Street West. The driver was never identified.
Silva had arrived in Canada in 1992 using a fraudulent passport and lived partially off the grid — he obtained an Ontario driver’s licence but did not own a car or have insurance; he worked as a cleaner and then in construction, even registering his own drywall company, but did not report his income or pay tax.
He even joined a trade union, the International Union of Painters and Allied Trades, court heard.
Silva lived in rental apartments and paid for his living expenses in cash. He didn’t have any credit cards and never applied for a Social Insurance Number or OHIP, the province’s health plan.
He had been deported in 1995, but soon returned in Canada, illegally crossing the border from the United States at Niagara Falls and returning to his quiet life in Toronto.
In 2002 he applied for, and was issued, a driver’s licence, although he apparently never owned a car and never drove. From then until his accident, he never left Ontario.
(The judge) recognized that de facto physical presence in Ontario, even if continuous, does not automatically establish ordinary residency
When Silva was hit on Bloor, he suffered a shattered left ankle and fractured right knee. The ankle was surgically repaired with screws and a plate and he spent time in a wheelchair and then on crutches after the surgery.
After the crash he filed 2 claims: one for refugee protection, which was denied him in April 2013, and one for compensation for his injuries. Because the identity of the driver was unknown, there was no insurance policy that could respond to damages, putting his claim before the Motor Vehicle Accident Claims Fund.
The traffic accident, however, exposed his life of more than 10 years in the shadows.
Silva was deported to Brazil in 2013, but he continued to press his claim in court.
The government sought to have Silva’s claims rejected by the court because the act that created the fund states it is open only to people who “ordinarily reside in Ontario.”
Thus began the debate over whether someone who lived in Ontario continuously for almost a decade — but did so without having legitimate immigration status — could be considered a true resident.
In January, Justice James F. Diamond of the Ontario Superior Court sided with the government, declaring Silva’s “physical presence” in Ontario was the result of “deception.” Diamond did not believe the law was meant to give someone “the opportunity to reap the benefits of ordinary residency in Ontario via a clandestine life through the passage of time.”
Silva appealed the decision to the Ontario Court of Appeal, which last week upheld the decision, and ordered Silva to pay $5,000 in costs to the government.
“(The judge) recognized that de facto physical presence in Ontario, even if continuous, does not automatically establish ordinary residency in Ontario for the purpose of access to the Fund. The appellant was present in Ontario illegally, was subject to deportation on discovery and had already been deported once,” Justice Eleanore Cronk wrote on behalf of the appeals panel.
The case highlights limits placed on immigrants without legal status in Canada, said Toronto immigration lawyer Sergio Karas.
“This case should sound a cautionary note for those individuals who have obtained driver’s licences and drive motor vehicles without immigration status,” Karas said.
Chelsea Clinton has gained this month’s honor due to her great sacrifices for that cause of reducing fossil gas emissions simply by torching a tremendous amount of aircraft fuel with the intention of “clean energy” promotion:
Chelsea Clinton opted to go to a “clean energy” roundtable in Asheville, North Carolina upon Wednesday mid-day in a personal jet in order to campaign for her mom Hillary Clinton.
Clinton 1st attended 2 events within Greenville, New york, stopping by the campaign workplace and then likely to an event from East Carolina University to talk about college value.
After the girl 2 activities in Greenville, Clinton had been scheduled to go to a “clean energy roundtable” in Asheville, which is in regards to a 5-hour refuse. But instead associated with driving or even flying on the commercial aircraft, Clinton elected to a have a private aircraft. The NTK Ne2rk submitted a monitoring video that will shows Clinton boarding the particular private plane on Wed.
The Clinton campaign pledged last year they will be co2 neutral in the trail and they would be “offsetting the co2 footprint from the campaign such as travel. ” The Clinton team provides yet to satisfy this guarantee, however , since the campaign is definitely private aircraft to travel to occasions.
Heather Bresch, TOP DOG of embattled drug creator Mylan, testified before a home panel a week ago that one from the main reasons the organization had to walk up the costs on the signature EpiPens from dollar 100 in order to $ 6 hundred is the “more than a single billion dollars” it has committed to the past 10 years “to boost the product plus make it a lot more available. inch
Therefore , as Our elected representatives has been trying to puzzle out the company’;s business structure, a healthcare technologies specialist and a physician have been literally taking aside Mylan’;s famous auto-injectors to discover exactly how — and exactly where — that will money has been spent.
Following a Seattle physician cut open up EpiPens through before and after Mylan’;s upgrades, NBC News delivered versions from the epinephrine auto-injectors to a healthcare technology contacting firm. In spite of seeing basic safety and visuals upgrades, each found the particular devices contributed a similar “core. ”
Mylan states it spent over dollar 1 billion dollars in the EpiPen. Experts peg the upgrade and production equipment expenses in the large numbers.
Generally, a pharmaceutic company costs a premium cost for its brand drugs to be able to recoup the particular around dollar 2 . 6 billion it requires to develop the drug, have it through FOOD AND DRUG ADMINISTRATION approval, plus develop marketplace awareness — all of which requires an average of 2 decades.
But Mylan didn’;t create the EpiPen, it obtained it within 2007, obtaining a drug that were approved considering that 1987 together 90 % market prominence. Nor would it manufacture the particular EpiPen by itself. Mylan purchases it from the wholly possessed Pfizer part for dollar 34. fifty per pencil.
Then last year, Mylan released an upgraded edition of the EpiPen.
Doctor Julie D. Brown is really a University associated with Washington College of Medication pediatric crisis physician that has been cutting apart the newest and older EpiPens, simply to see the actual differences are usually.
Though the girl doesn’;t have education as an professional, she has an opinion on which she discovered inside.
“You can see the essence from the device, the particular core associated with both products, is essentially exactly the same, ” the girl told NBC News. “In the remodeled EpiPen, there is certainly some actually intelligent architectural that has eliminated into the type of the hook cover. Really does that warrant the cost? inch
NBC Information sent brand new and aged versions from the EpiPen in order to PA Talking to Group, the UK-based technologies consulting company. One of their particular lines associated with business will be designing brand new auto-injectors intended for pharmaceutical businesses, including Pfizer. They took down the EpiPens to their foundation components plus laid out the particular parts.
In the EpiPen having a February yr expiration day there was the housing, outter, needle container and stopper, stopper car owner, brass plunger, drive springtime, release training collar, thrust washing machine, rear dog collar, and a protection cap.
In the mean time, inside the brand new version using a June 2015 expiration time there was the housing, hook cartridge plus stopper, plastic-type plunger, generate spring, discharge collar, plus safety cover, as well as a hook shroud, manage spring, provider, control videos, and a back case.
“It’;s the same primary device that is in use for quite a while, ” Kevin Deane, mind of healthcare technologies regarding PA Contacting Group, informed NBC Information.
He mentioned that the generate spring within the new gadget was a lot more “robust” compared to with other comparable devices, plus “held plenty of energy. inch
While Mylan did perform a few factors “making this a bit more regular for industrial use, inch Deane mentioned “the crucial things generating fluid by means of have continued to be unchanged, inch and mentioned that “the plastic parts look much like a standard commercial-use auto-injector. inch
Deane approximated the upgrade may have price several mil dollars in order to commission. The main city costs for that automated production could come across the double-digit millions, he or she said.
Right after NBC Information sent the particular PA Group’;s results to Mylan, the drugmaker said it had been “not acquainted with the research referenced in your e-mail. ”
“As anyone who has used product understands, the epinephrine auto-injector we now have in the market these days is considerably different than one we obtained, ” stated Mylan spokeswoman Lauren Kashtan in claims emailed in order to NBC Information.
Kashtan provided a bullet-point list of the particular changes Mylan had produced working with the manufacturing companions to improve the particular medical gadget portion of the item. The main add-on was a securing plastic enfold to protect individuals from the hook, she stated, which “required mechanical adjustments to the hook delivery, which includes new security components. inch
The business also additional “an ergonomically designed, easy-to-grasp oval barrel” that helps maintain the device through rolling, and also a single-handed flip-top carry situation to replace the sooner device’;s stoppered tube, stated Kashtan.
The particular device’;s training graphics had been upgraded too, said Kashtan, adding “bright orange colours and arrows to help rapidly identify the particular needle finish of the gadget and reduce the chance of accidental browse puncture. inch Mylan furthermore color-coded the particular adult edition yellow as well as the junior edition green, the girl noted.
However it didn’;t associated with product stay longer. “Both the particular legacy EpiPen and the NGA [next-generation auto-injector] released in 2009 make use of the same formula solution in the glass container, ” the girl said. The business said within the hearing it had been now trying to extend the particular shelf-life through 18 in order to 24 months.
Mylan hasn’;t revealed the specific quantity it has used on research and development meant for EpiPens, which usually brought in more than $ one billion within sales for your company within 2015.
Based on its profits reports, the business spent an overall total of dollar 671 mil on R& D throughout its whole portfolio of just one, 400 items in 2015, up through the $ 147 million this spent within 2007.
Within her sworn testimony prior to the House Panel on Oversight and Govt Reform a week ago, Mylan’;s TOP DOG said the majority of the money the organization had used on EpiPens proceeded to go towards advertising lobbying.
“The overwhelming most of what we have spent continues to be on entry and recognition programs, inch said Bresch.
4 health insurance companies in Wisconsin will be offering $0 deductible health care plans next year, but that could mean higher premiums.
The Citizen Action of Wisconsin group has been lobbying for the new plans and announced that they will start in 2017.
Instead of paying out-of-pocket until you hit your deductible, the new plans would help you pay those costs from the start for doctor’;s visits, prescriptions, mental health care and more.
The $0 deductible does not cover overnight hospital visits.
The plans could also have higher premiums.
“We know that some companies are raising the rates, unfortunately,” Kevin Kane of the Citizen Action of Wisconsin group said.
No health insurance companies that cover the northwestern Wisconsin region have chosen to offer these new plans, which means that some residents will be left out.
“In far northern, northwestern Wisconsin, is people working 2 or 3 jobs to just buy groceries, and make house payments, and then the health insurance costs are really out of control,” Joyce Luedke, a Hayward resident, said.
The plans have an appeal to health insurance companies, however.
“These plans that did not have giant deductibles might also help convince younger, healthier people to enroll in the risk pool and make the whole system work better,” Kane explained.
While the group knows these plans aren’;t for everyone, they wanted to give patients another option for their health care.
“There needed to be better options available for those who wanted to switch that would reduce out-of-pocket costs,” Kane said.
Molina Health Care will reveal their new plan on November 1st.
The rest will be available on HealthCare.gov starting in January.
All that is left of Kevin and Laurie Walton’;s west Lancaster home is rubble. A fire reduced the home to near ashes 2 years ago.
But for the Waltons, it’;s the day after the fire that still burns.
“The next morning there is a lot of vultures sitting at the gate,” Kevin Walton said.
By “vultures” he means people who he says offered help with insurance claims and rebuilding. It’;s precisely what the California Department of Insurance warns homeowners about every fire season. The agency stresses homeowners contact their insurance agent first to avoid scammers, make sure an adjuster is licensed and photograph belongings as evidence of loss.
The Waltons have photos to show. But it’;s their adjuster they didn’;t account for.
“I thought I had somebody here to help me,” Kevin Walton said.
Walton says his childhood friend Joe Villa, a licensed independent insurance adjuster, offered his help. The Department of Insurance licenses independent adjusters, who acting as middle men, connect fire victims with companies to pay for and repair damage.
Before long, the Waltons suspected Villa was shady.
“That is the most vulnerable time I have ever felt in my life,” Laurie Walton said. “He basically came out to get our checks signed and take them.”
Investigators for the Department of Insurance allege Villa took insurance checks, forged signatures from Wells Fargo Bank employees, then had the Waltons sign so he could deposit the check.
“Within 2 months after the fire, he is embezzling us and we don’;t even know it,” Laurie Walton said.
Investigators allege Villa deposited more than $280,000, spending some money to demolish what was left of the home, and pocketing more than $230,000.
“He essentially stole their money and walked away,” said Byron Tucker, California’;s deputy insurance commissioner.
Tucker says Villa has been arrested. Having allegedly stolen more than $400,000 from homeowners, Villa is charged with multiple felony counts of embezzlement, grand theft, and forgery. He faces up to 10 years behind bars if convicted.
The I-Team has tried repeatedly to contact Villa. He has not returned our calls.
Tucker says the Villa investigation is not over.
“We think there are more victims out there and we urge them to come forward,” Tucker said.
The Waltons want their day in court. They have been living in a tiny trailer for 2 years while rebuilding their home, one paycheck at a time.
“I haven’;t been able to accept all this yet,” Kevin Walton said. “My anger is there and I am just trying to move forward.”
To check if an insurance adjuster is licensed, visit insurance.ca.gov or call 800-927-4357.
The California Department of Insurance lists the following information for dealing with insurance adjusters:
No licensee shall solicit or attempt to solicit a client for employment during the progress of a loss producing occurrence.
A licensee shall not solicit a contract of employment until 6 days have elapsed since the occurrence of a disaster. (Does not apply if the licensee is contacted directly by the insured or the insured’;s representative)
No licensee shall solicit a client for employment or initiate any contact with a policyholder between the hours of 6 P.M. and 8 A.M.
Try to settle your claim directly with your insurance company before hiring a public adjuster or an attorney. Your insurer provides an adjuster at no charge to you. Ask your insurance agent or company representative to help you with your claim, and don’;t be afraid to ask questions. If you decide to work directly with your insurer, you still have the right to hire a third-party professional (public adjuster or lawyer) to help you.
If you hire a public adjuster to help you with a claim, be certain that the adjuster is licensed. Call the California Department of Insurance (CDI) or visit http://www.insurance.ca.gov/license-status/index.cfm for licensing verification and for other information about public adjusters. Call the State, County or other local bar association for information about a prospective attorney, if you are considering hiring an attorney to represent you.
Public adjusters and lawyers will usually require a percentage of the claim settlement for their services. It is important that you understand what services are being provided and the fees that will be charged by both adjusters and lawyers. Ask your friends, relatives, or business associates for the names of well-regarded professionals in your community.
Published at 4:44 PM PDT on Sep 29, 2016 | Updated at 8:15 PM PDT on Sep 29, 2016
LOS ANGELES, Sept. 29, 2016 /PRNewswire/ — Mercury Insurance has been named one of “America’;s 50 Most Trus2rthy Financial Companies” by Forbes magazine with one of the highest scores for the past fiscal year. Headquartered in Los Angeles, Mercury (NYSE: MCY) primarily provides auto, homeowners and business insurance through a ne2rk of more than 8,000 independent agents in 11 states.
“Mercury and our agents are committed to providing the best insurance value possible,” said Mercury CEO and President, Gabriel Tirador. “We work hard every day to earn the trust of customers and investors and we are very proud to be recognized once again by Forbes as one of America’;s most trus2rthy companies. We take this honor and the trust our customers and investors have placed in Mercury seriously, and we will continue to strive to improve each and every day.”
Forbes enlisted MSCI ESG Research to examine more than 700 publicly-traded North American companies with market caps of $250 million or greater, for the year ending December 2015, to develop this list by scoring companies on transparency and accuracy in financial reporting. Criteria for assessing each company included high-risk events, revenue and expense recognition methods, SEC actions, and bankruptcy risk, which are all considered indicators of a company’;s credibility. Mercury is the 4th highest ranked property/casualty insurance company on the list.
This is the 6th time Mercury has been named to a Forbes “America’;s Most Trus2rthy Companies” list.
ABOUT MERCURY INSURANCE Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a ne2rk of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information visit www.mercuryinsurance.com or Facebook and follow the company on Twitter.
Logo – http://photos.prnewswire.com/prnh/20130521/LA18581LOGO
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Centralia participates in a voluntary incentive program that provides residents with a percentage discount on premium flood insurance rates.
On Tuesday night, Emil Pierson, community development director for the city, provided councilors with an annual progress report on the program.
According to Pierson, the community ratings program is offered by the Federal Emergency Management Agency to communities located in the floodplain.
With about 15 percent of Centralia located in the floodplain, Pierson said the city takes part in the program with a focus on 3 goals: to reduce flood damage to insurable properties; strengthen support insurance aspects of NFIP; and to encourage a comprehensive approach to floodplain management.
Under the program, the city is rated a 6, which in turn provides residents with flood insurance in the city a 15 percent reduction in premiums.
“We use all the tools in our toolbox to help our residents and protect them,” Pierson said of the city’s participation in the program.
This week, the city will send out approximately 3,600 letters to residents and property owners residing in the floodplain as an education effort. The letter focuses on what to do when a flood event happens, how to stay safe, and how to clean up afterwards, among other items.
To learn more, go to the city’s website at www.cityofcentralia.com and click on “Flood Information.”
The Financial Accounting Standards Board has issued a proposed accounting standards update for improving the financial reporting for long-term insurance contracts, including life insurance, disability income, long-term care and annuities.
The exposure draft for the new standard includes proposals for improving the timeliness of recognizing changes in the liability for future policy benefits by requiring updated assumptions be used to measure the liability.
The new standard would also eliminate the use of an asset rate (that is, an insurance company’s expected investment yield) to discount liability cash flows. Instead it would require cash flows to be discounted at a high-quality fixed-income instrument yield.
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In addition the proposal would simplify the accounting for certain options or guarantees in variable products (such as guaranteed minimum death, accumulation, income and withdrawal benefits) by requiring those benefits to be measured at fair value instead of using 2 different measurement models.
The proposed accounting standards update would also simplify the amortization of deferred acquisition costs, while aiming to improve the disclosure effectiveness.
“During outreach on our project to consider potential improvements to the insurance accounting model, stakeholders identified specific areas of financial reporting related to long-duration contracts that could be improved,” said FASB Chairman Russell G. Golden in a statement. “Based on that feedback, the board developed the proposed ASU, which sets forth recommended, targeted improvements to enhance the quality of information provided to investors about these contracts.”
FASB worked for years with the International Accounting Standards Board on improving insurance contract accounting as part of their decade-long convergence program. International Financial Reporting Standards remained considerably behind U.S. GAAP in having standards in place for insurance accounting. However, the 2 boards could not reach common ground on the standards, and the 2 boards released separate proposals in 2013 (see FASB Proposes Major Changes in Insurance Accounting and IASB Revises Proposals for Insurance Accounting). FASB and the IASB eventually decided to go their separate ways in 2014 on insurance accounting, with FASB deciding to make more limited changes to its existing standards (see FASB Votes to Limit Insurance Accounting Changes.) IASB chairman Hans Hoogervorst said earlier this month the board plans to release its final insurance standard in early 2017. It has an interim standard in place known as IFRS 4 for insurance contracts.
FASB is asking stakeholders to review and provide comments on the proposed update by Dec. 15, 2016. The board also plans to hold public roundtable meetings in the first quarter of next year. Those interested in participating are asked to submit written comments first.
FASB plans to decide on an effective date for the accounting standards update after it redeliberates on the comments it receives during the comment period and from the public roundtable meetings.
More information about the proposed update—including a FASB in Focus overview document—is available at www.fasb.org.