Congressman Luis Gutierrez, Chairman of the Subcommittee on Domestic and International Monetary Policy, Trade and Technology, and Financial Services Committee Chairman Barney Frank have introduced H.R. 3330, the “Coinage Materials Modernization Act of 2007.” The bill will authorize the Secretary of the Treasury to change the composition of coins issued by the U.S. Mint to less expensive materials. The Treasury Department estimates that changing the composition of pennies and nickels will save the government over $100 million a year. By making similar changes to the half dollar, quarter and dime, the government can save as much as $400 million annually.
I’m sure we’ve all heard about the nutter lawyer who sued a poor Korean family for lost pants in their drycleaner. The overzealous lawyer lost his 100+ million dollar lawsuit. it now seems some people are fighting back because PEARSON IS GOING TO APPEAL!
A.M. Best Co. has released a list of ratings on a number of Canadian P/C insurers, based on publicly available financial information. The ratings are based upon public information and present the most informed view A.M. Best can offer, short of an insurer participating in the full interactive rating process.
Best affirmed the financial strength ratings (FSR’s) and issuer credit ratings (ICR’s) to the following companies, as indicated: