Financial Services Industry
Industry: Email Alert RSS FeedAlleged insurance rebates trigger probe of Mellon Bank.
National Underwriter Property & Casualty-Risk & Benefits Management, December, 1990 by Dauer, Christopher
Alleged Insurance Rebates Trigger Probe Of Mellon Bank A hearing has been scheduled in Delaware to determine if Mellon Bank Delaware has been illegally accepting rebates from Transamerica Ins. Co. on premiums paid by consumers for "forced" coverage, according to the state's insurance commissioner, David N.
Levinson. "Forced" insurance is purchased by debtors to provide lenders with coverage to protect the loan's collateral. If found in violation of Delaware anti-rebating statutes, Mellon could be fined and ordered to cease and desist this practice. According to the insurance department, Mellon has collected over $1.7 million in premium for collateral protection insurance--coverage for consumers who have financed a vehicle without having the proper...
- How to choose the right insurance carrier for your business
- Real Estate: Prepare your properties to weather what lies ahead
- Technology: Be prepared if part of your global supply chain goes missing
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
