Grewal says in video statement he has repaid millions in debt, is rethinking resignation – The Globe and Mail

Video frame grab of Raj Grewal. Raj Grewal, the Liberal MP whose frequent, high-stakes gambling at an Ottawa-area casino triggered a police investigation, broke his week-long silence on Friday evening, saying he accumulated millions of dollars in debt, all of which has been paid back and can be traced. In an 11-minute video statement, Mr.…

The Latest: California fire forces insurer into insolvency – CityNews Vancouver

PARADISE, Calif. The Latest on a Northern California wildfire (all times local): 5:30 p.m. State regulators are taking over an insurance company that cant pay out all expected claims after a massive Northern California wildfire. Insurance Commissioner Dave Jones said Friday that destruction from the fire has pushed Merced Property & Casualty Company to insolvency.…

Ballarat company Ceramet goes into liquidation – Ballarat Courier

news, local-news, The ripple effects of the decline in Australias car manufacturing industry are being felt as a tidal wave in Ballaratafter metal pressing company Ceramet went into liquidation last week. Liquidatorswere appointed on Wednesdayand a source who wished to remain anonymous toldThe Courier30 staff would lose their jobs. Ceramets technical and commercial manager Stephen…

Paul Elliott stands down from PFA Charity due to personal finances – The Times

The resignation of Elliott, right, raises questions about PFA governanceIsabel Infantes/PA Paul Elliott has resigned as a trustee of the Professional Footballers Association (PFA) Charity in a sudden move that raises further questions over the governance of the crisis-ridden union. The former Chelsea defender terminated his involvement in the charity yesterday evening as a result…

California takes over insurance company unable to pay claims after wildfire – WBAY

SACRAMENTO, Calif. (AP) California regulators moved Friday to take over an insurance company that cant pay out all claims following a massive wildfire that destroyed more than 13,000 homes. Merced Property & Casualty Company was pushed to insolvency by the fire that sparked Nov. 8 and nearly destroyed Paradise and surrounding towns, state Insurance Commissioner…