Why Charter Oak Life bankrupts?
Why Charter Oak Life goes bankrupt under the great development of U.S. Insurance Industry ?
Charter Oak Life error concentrate on the performance of the investment scale of investment in the three million-dollar class projects, resulting in non-performing assets exceeding more than 20% of total assets.
1. Curve investment through the banks causes millions of dollars in bad debt
2. An error railway investment resulting in a chain of black holes
3. Luxurious Headquarters office building enounters 70% depreciation after 20 years
Toyota are prepared to accept fines from the U.S. government and insurance companies
New on April 20, 2010: U.S. Department of Transportation, an official said on the 18th, the Japanese Toyota Motor Corporation intends to accept the Department of Transportation out of the high ticket for Toyota hide flaws responsibility. In addition to the official fine, the moment at least six American insurance companies started to ask for compensation for Toyota.
Dadi Insurance premium income in the first quarter reaches 3.5 billion
News on April 21, 2010: Recently, this reporter from the Dadi Insurance, business of the meeting was informed that the situation, as at the end of March, the Dadi Insurance gets 3.5 billion in insurance premium income, up 18.8%; operating cash inflow of 347 million increase over the previous year; all insurance actuarial loss ratio fell 7.4 percentage points. In addition, the Dadi Insurance combined ratio, underwriting profit, the scale of premiums and other key indicators all created good performance.
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