Supreme Court: Policyholders’ rights restricted after insurer goes broke – Florida Politics (blog)

State law limits a homeowners rights under a sinkhole policy once the insurer becomes insolvent and the claim goes to the Florida Insurance Guaranty Association, the Florida Supreme Court ruled Thursday. It doesnt matter if the policy was issued before a statute constraining the associations obligation took effect, Justice Charles Canady wrote for a…

Top Packer executive among Crown employees detained in China – The Sydney Morning Herald

Chinese authorities have detained 18 employees of billionaire James Packer’s Crown Resorts, including three top Australian executives, in a co-ordinated police operation targeting the gaming giant’s marketing activities in China. Most senior among those detained was Jason O’Connor, the company’s executive general manager in charge of international VIP services. Previous slide Next slide Australian Crown…

CIC calls for better local data to help tackle household debt – PoliticsHome.com

It finds that Britains household debt problem has a local dimension with communities with high concentrations of lower income, younger and households living in rented housing more likely to experience problem debt. This concentration of household debt reduces household consumption and so constrains local economic growth.  Over-indebtedness is also associated with poor health and negatively…