Tag Archive | "south korea"

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South Koreans and Chinese arrested over alleged fake passport scam

South Koreans and Chinese arrested over alleged fake passport scam   Russian sailor was drunk when 7000-ton ship crashed into rocks A 36-year-old Russian sailor was drunk when he crashed a 7,000-ton cargo vessel at full speed into rocks on the West Coast of Scotland in February, according to the accident report recently released by […]

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China Property: Who Are Insurance Companies' Next Targets?

China Property: Who Are Insurance Companies' Next Targets? Chinese insurance companies have been in a buying spree for property developers. Sino Ocean (3377.Hong Kong) is now majority owned by China Life Insurance (2628.Hong Kong) and Anbang Insurance, while China Vanke's (2202.Hong Kong) largest … Read more on Barron’s (blog) Overnight Markets: Wall Street rebounds in light […]

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140 million won Lamborghini accident busted as insurance fraud

140 million won Lamborghini accident busted as insurance fraud “The accounts of the drivers of the Lamborghini and the SM7 did not match, and when a former detective and insurance staff looked into the incident, it was revealed that the accident was staged,” an official with Dongbu Insurance Co., SM7 owner's … Read more on […]

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Interagency Review of Foreclosure Policies and Practices

Interagency Review of Foreclosure Policies and Practices   AM Best Withdraws Ratings of Waco Fire and Casualty Insurance Company OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Waco Fire and Casualty Insurance Company (Waco). The outlook for both ratings has been affirmed […]

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