• Vehicle Insurance

    Michigan drivers will get refunds on auto insurance fees, board announces

    The board tasked with setting and managing personal injury protection fees paid by Michigan drivers is supporting Gov. Gretchen Whitmer’s recent request to issue refunds. In a Wednesday evening statement, the Michigan Catastrophic Claims Association — a statutorily-established nonprofit that all auto insurers pay into for personal injury protection under the state’s auto no-fault system — announced its board unanimously voted to support issuing refund checks to Michigan drivers. The MCCA did not offer any specific amounts or a timeline for the refunds, but the statement noted details would be announced in the coming weeks. The board’s goal “is to  

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  • Business News

    Kristalina Georgieva will remain managing director of the I.M.F., its board says.

    ImageKristalina Georgieva, left, the managing director of the International Monetary Fund, with Angela Merkel, the German chancellor, in August. Credit…Pool photo by Clemens Bilan WASHINGTON — The International Monetary Fund’s executive board on Monday expressed confidence in the leadership of Kristalina Georgieva, its managing director, after allegations that she manipulated data to placate China when she was a senior World Bank official. Last month, an independent inquiry commissioned by the World Bank concluded that Ms. Georgieva had played a central role in meddling with its 2018 Doing Business survey. The findings raised questions about her judgment and ability  

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  • Loans With Collateral

    Delaware Board of Trade repays controversial $3M loan to NCC in deal Meyer called a ‘scam’ | The Latest from WDEL News

    The Delaware Board of Trade (DBOT) has re-paid a controversial $3 million loan to New Castle County in a failed attempt to create a Delaware stock exchange. In November of 2015, Ideanomics, the founders of DBOT, borrowed $3 million from county taxpayers, in an effort to create the stock exchange, under then-County Executive Tom Gordon. Wednesday, November 25, 2020, Ideanomics’ debt was repaid along with an interest payment of $180,000, according to County Executive Matt Meyer. The repayment comes after Meyer called the whole deal a “scam” last year and demanded taxpayers get their money back. At that time, he  

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  • Business & Finance

    Equitable Holdings Appoints Francis Hondal to Board of Directors | Business & Finance

    NEW YORK–(BUSINESS WIRE)–Sep 8, 2020– Equitable Holdings, Inc. (NYSE:EQH) today announced the appointment of Francis Hondal as an independent member of its Board of Directors. Ms. Hondal currently serves as President of Loyalty and Engagement at Mastercard and is also a member of the company’s Management Committee. She oversees Mastercard’s robust loyalty platforms and products and leads an agile team focused on implementing high-impact marketing programs and rapid product design services. “On behalf of the Board of Directors, I enthusiastically welcome Francis Hondal to Equitable Holdings,” said Ramon de Oliveira, Chairman of the Equitable Holdings Board of Directors. “Francis is  

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  • Business News

    James Murdoch Exits News Corp. Board Due To Differences Over Editorial Content

    News Corp. said Friday that James Murdoch, the son of founder Rupert Murdoch, is resigning from its board of directors due to unspecified differences over editorial content. It’s the latest in periodic bouts of  drama in the media dynasty. Youngest and liberal-leaning son James has had issues with editorial content before in the broader business of the family — a loose model for the one on hit HBO drama Succession — that also controls Fox News. James and his wife, Kathryn each gave $615,000 to the Biden Victory Fund in June. More from Deadline The board seat  

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