One of the indicators used to measure economic dynamism in the State New Economy Index was "job churning." While the actual data used were rates of business startups plus business failure--and thus represent a measure of establishment churning--a recent report from the American Management Association AMA indicates that job churning...
Jan. 10--A U.S. economic snapshot taken at the end of 1996 will look very much like a snapshot taken at the end of 1995, say economic experts. But a lot will be going on below the surface. That means this year will be one of slow growth,...
The New York State Department of Insurance's proposed amendment to Regulation 60 governing the replacement of life insurance policies is a good attempt to reduce the incidence of insurance policy churning. By adapting Regulation 60 rather than replacing it with a more draconian regulation, the department is taking a cautious...
May 22--James Abbott knew that his Prudential agent misled him, "churning" his old policy by convincing him that it made sense to use the value of his paid-up policies to buy more insurance. May 22--James Abbott knew that his Prudential agent misled...
Knowledgeable defense counsel is required for adequate representation in cases of unsuitability or churning against financial advisors due to possible liability under statutory, regulatory, and common law. Defenses include bar by statutes of limitations, ratification, waiver, and estoppel. Well written arbitration provisions can also provide protections from expensive litigation and...
Byline: Creation of management consultancy is designed to help prevent churning Protection Prudential will form a man- agement consultancy to help advisers move to a relationship-based service rather than a sales- led one. This is the latest move by...
Aug. 3--The lawyers who won more than $3 billion from Prudential Insurance Co. of America for customers harmed by churning and misrepresentations by agents will end up with $90 million in fees, a federal judge ruled. U.S. District Judge Alfred Wolin's decision means the...
LONDON--For months the London market rumor-mill has been churning out speculation about imminent mergers of several of the top six brokers. Will Sedgwick and Willis Corroon merge? How about Alexander & Alexander and Sedgwick? Or Aon and Sedgwick? OLONDON--For months the London market rumor-mill has been churning...
The Specter Law Offices in Pittsburgh, PA, has filed a class action lawsuit against Prudential Insurance Company of America accusing the life insurer of churning its life insurance policies. The life insurer allegedly sold new policies to extant policyholThe Specter Law Offices in Pittsburgh, PA, has filed a class action...
KARACHI AFP ? Pakistan's goal-churning machine and penalty corner expert Sohail Abbas yearns for an Olympic gold at Athens for his field hockey team. Abbas, 23, has 247 goals from 201 international matches. He needs just 20 more goals to match the world record held by the legendary Dutch...
TOKYO AFP — A powerful typhoon packing winds of up to 250 kilometres (155 miles) per hour was churning off Japan's southern islands in the East China Sea on Saturday. Typhoon Nari was located 350 kilometres northwest of Amami-Oshima island at 5:40 pm (0840 GMT) and moving north at...
Would condoleezza Rice give up politics for basketball? Probably not, many say, but her name is on the short list to head the Women's National Basketball Association anyway. The rumor mill is churning over who will take over the WNBA now that its f ...
The IRS usually starts churning out refunds by mid January. But the agency says refunds won't start going out until February--at the earliest--because of congressional delays in fixing the alternative minimum tax. The IRS usually starts churning out refunds by mid January. But the...
With the implementation of the U.S. EPA's Tier 2 program, many refineries have a new unit or two operating at their facilities churning out low sulfur gasoline. Most are near the start of run, but end-of-run issues are worth considering even at this ea With the implementation of...
A BOAT that can run swiftly and silently without a churning propeller has been the dream of naval commanders ever since the first submarine slid gurgling beneath the waves. The American navy has been tinkering for decades with "silent drives&quo A BOAT that can run swiftly...
As hopes rise for GPRS, companies are churning out solutions to take advantage of the emerging technology. Tektronix Inc. sees itself as playing a role in the equipment-testing arena. With its two latest products, the company...
Affinity fraud, churning and equity-indexed certificates of deposit topped the list of the 13 most common ways that state securities regulators think investors will be scammed this year. The North American Securities Administrators Association Affinity fraud, churning and equity-indexed...
Just over ten months ago, 3M ceased production of a coating widely used in the paper packaging industry Sierra Coating Technologies says it's among the first to cast its replacement product line into the churning waters. Most of you probably ...
Royal Philips Electronics is a global technology powerhouse, and it always has been. Since Anton and Gerard Philips began making lightbulbs in 1891, inventors in the Netherlands-based company's Eindhoven labs have been churning through patent application Royal Philips Electronics is a global technology powerhouse, and it always has been. Since...
