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Former GM Dealers Forge Ahead With $750 Million Class Action Suit

16 May, 2011

General Motors of Canada is facing a large class action lawsuit from more than 200 GM dealers whom were given permission to do by an Ontario judge. The dealers are suing for approximately $750 million in restitution for the forced closure of their franchises in 2009. The dealers asserted that GM would incur significant financial losses if they had refused to comply to shut down their franchises. Investigation is underway to determine if GM has violated the franchise laws of Canada based on what they did. This GM case could potentially cause drastic changes to the automobile industry as any car insurance company may be affected by these changes.

GM of Canada claims that it was instructed by the government to eliminate the dealerships as a condition to receive several billion dollars in bailout assistance.

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Marsh launches solar projects policy

15 May, 2011

Marsh has developed an insurance contract that provides coverage for project companies and operators in the solar, or photovoltaic, renewable energy sector.

According to the broker, worries about industry stability mean that banks currently only give limited recognition to long-term guarantees provided by solar module manufacturers, as a basis for approving financing.

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HEL Performance – 2011 Season

13 May, 2011

It has been a very busy start to the year for the team at Hel Performance Products and their continued help and support of riders in the British Superbike Paddock with brake lines and their on site race truck. 2010 was a very successful year for the Hel Performance team and have once again pledged their backing for various teams and riders in 2011.

In the British Superbike Championship alone 27 of the 39 entered riders are using Hel Brake Lines which equates to 18 of the 25 teams. With two rounds now completed and the third round taking place at Croft Circuit, North Yorkshire this weekend 13th – 15th May the Hel backed riders are already proving a force to be reckoned with. Read full post…

Health Care Reform Law Arguments Get First Hearing in Appellate Court

12 May, 2011

Constitutionality of Health Reform in Question

According to USA Today, the 4th U.S. Circuit Court of Appeals will be looking at the provision in the health care reform law that requires people to purchase health insurance or pay a tax penalty.

Many states have already filed suit against the law in lower courts to dispute the provision, stating that Congress has no power under the commerce clause to require people to purchase insurance. In Florida, a federal judge ruled that the provision was unconstitutional, prompting a separate appeal that will be heard in Atlanta.

Two Cases to Be Heard in Virginia

In total, 31 suits have been filed challenging the reform law. In the Richmond appellate court, two cases are to be heard:

  • Virginia v. Sebelius: In this case, a lower court struck down the health insurance requirement, prompting an appeal.
  • Liberty University v. Geitner: In this case, which involves a Christian college, the lower court upheld the law.

In addition to these court cases, Republicans in the House of Representatives have worked to repeal health care reform. Most recently, the House banned state access to health insurance exchange grant money. However, most think this step will not be approved in the Senate and definitely not by President Barack Obama.

Another recent step taken by Republicans was the House procedural vote, which allows for lawmakers to repeal the overhaul of health care. So far, Congressional votes to repeal all or part of the law have not made it out of the House, but lawmakers have expressed their plan to push for a repeal of the law until its complete.

 

Significance of Car Insurance Online

11 May, 2011

Whether a first time car owner or you have had one for some time, you must then consider car insurance. Getting an insurance coverage is not a luxury as many people may think but a necessity. Many states have laws that require one to have insurance for their cars.

Nowadays, it is very easy to look for the right insurance policy that perfectly suits your needs and budget. With the advancement in technology, you can already find tips, guidelines and quotes of car insurance online. You can conveniently compare insurance rates and policy coverage through the use of the internet unlike before when you still have to go to different insurance companies or look for insurance agents just to be able to discuss different insurance policies.

Since we have found a way to conveniently search for the right insurance company, we can now move on to the other major issues to consider.

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