The nation’s top auto safety regulator is ill-equipped to detect problems with high-tech electronics that are increasingly commonplace in today’s cars, a new government study has concluded.
Calling such shortcomings “troubling,” the report called on the National Highway Traffic Safety Administration to review its technical capabilities and appoint an advisory panel to help it evaluate potentially serious risks associated with systems such as adaptive cruise control.
Despite those findings, the National Research Council found in a 162-page report that NHTSA’s decision to close its investigation of sudden acceleration in Toyota Motor Corp. Read more…
Not all shareholders of Aon’s stock will be subject toU.S.capital gains tax if shareholders approve the insurance brokerage firm’s changes to move its headquarters fromChicagotoLondon, the firm said.
In a filing with the Securities and Exchange Commission today, Aon says shareholders will receive one Class A Ordinary Share of the newU.K.holding company in “exchange for each share of common stock previously held in AonDelaware.”
The exchange will not change the number of whole shares shareholders hold, Aon said.
The firm goes on to say thatU.S.shareholders “could recognize a capital gain on the receipt” of the shares.
Aon says that those who own Aon stock outright could be subject to capital gains taxes, whereas those with restricted or deferral arrangements may not be subject to capital gains taxes.
The filing, which is a copy of a letter sent to shareholders, advises shareholders that they should contact a tax advisor to understand how their holdings will be treated.
Aon says it has hired PricewaterhouseCoopers “to provide assistance to colleagues that have additional questions about how this transition will work and what it means for your holdings.”
According to a piece in The New York Times, the move from theUnited States may not have sat well with founder Patrick Ryan. The story cites
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Soaring amounts of car insurance premium has forced many people to drive uninsured cars. However, dodging the authorities will now be a difficult task. As per the new laws, driving and owning uninsured cars will be a criminal offence and strictest of punishments being handed out. There are ways one can cut down on the insurance amount and following the same can reap early benefits. Some are listed below:
The general observation states that the insurance companies think differently when it comes to high end cars. They do not fascinate the same way you do about such cars. And it is not uncommon for them to charge higher while insuring such cars.
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MCS Group has appointed Michael Turnbull as National Operations Manager, based in its Sydney head office. Mr Turnbull previously held a range of senior positions at Royal & SunAlliance and Lumley Insurance, and has 17 years’ industry experience.
Allstate Insurance has filed a lawsuit seeking reimbursement of more than $1.1 million from 16 New York State individuals and medical companies it claims were illegally run by people with no medical training and were involved in submitting bogus claims for payment of personal injury protection (PIP) benefits.
A complaint filed in federal district court on Dec. 30 claims that a chiropractor, a layperson and three professional medical corporations that had been incorporated under false pretenses, wrongly identifying a medical doctor as their owner, turned in dishonest bills to Allstate, according to the coverage provider.
Allstate claims the companies were actually owned and controlled by individuals with no background in the medical field, rather than by licensed medical professionals, as is required by state law.
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