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axa posts 2ndhalf profit on lifeinsurance business
Axa Posts 2nd-Half Profit on Life-Insurance Business February 18, 2010, 06:32 AM EST By Fabio Benedetti-Valentini Feb. 18 (Bloomberg) -- Axa SA, Europe’s 2nd biggest insurer, posted a 2nd half profit after a rally in financial markets supp
Feb 20 2010
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Study: R.R.'s $5B Pension Gap is 4th Worst PROVIDENCE Rhode Island has promised $12 billion to its public employees in pension, health and other retirement benefits but has only allocated $6.8 billion to pay for them, according to a study rel
Feb 17 2010
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Cheap Health Insurance Quotes – Where Americans Are Finding Them A new online petition being circulated by the political action committee, MoveOn.org is well ready to get the attention of America’s top health insurers. The petition demands that “
Feb 17 2010
irs helping some with health insurance
IRS Helping Some With Health Insurance DETROIT, Feb. 15 (UPI) -- Thousands of qualified workers in Michigan who lost their jobs or retired have signed up for an IRS program to bear health insurance costs, a money manager estimated. The Health C
Feb 17 2010
sun life fourthquarter earnings more than double
Bloomberg Sun Life Fourth-Quarter Earnings More Than Double By Sean B. Pasternak (Bloomberg) -- Sun Life Financial Inc., Canada’s third-largest insurer, said earned more than doubled as stock markets bounced back. Outcomes benefited from
Feb 16 2010
health insurance costs break through earth orbit
Health insurance costs break through earth orbit 4:13 pm February 15, 2010, by ctucker From Associated Press: Consumers in at least 4 states who purchase their own health insurance are getting hit with premium increases of 15% or more — and people
May 01 2009
insurance companies and prescription drugs
Insurance companies and prescription drugsThe prescription manufacturers set their own prices and they often build a large profit margin to regain cost spent on researching, manufacturing and advertising. The health insurer analyzes each drug on the
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It just goes to show you the different in reporting. One article mentioned that it was Josaphine Gordon, wife of Harry Gordon who was scamming the life insurance companies for $3.5 million. In the article below, here name is spelled Josephine and she is the daughter of Harry Gordon, and the life insurance amount is only $3 million. And... these folks are from Australia.

It amazes me even more that a business man who is apparently already a millionaire would get his daughter involved in a life insurance scam. It appears from this article that the judge decided to not charge Josephine in this situation.

What a convoluted situation. I don't think that it would be worth the money to throw away lives just for millions of dollars or any money for that matter.

The purpose of a life insurance policy is to protect loved ones or business partners against the financial problems caused by an income earners death. This seems to have greatly complicated the lives of loved ones.

READ ALSO life insurance scam article

Charges against daughter dropped in faked death life insurance scam

The daughter of a former Sydney millionaire who faked his own death several years ago has today had all charges against her dropped.

Harry Bentley Gordon, 56, has been presumed drowned in a boating accident at Port Stephens, north of Sydney in the New South Wales coast in 2000.

But was last year Gordon was charged with staging his own death to collect more than $3 million in life insurance.

Last month, he was sentenced to 15 months in jail.

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