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Perpetrators of insurance fraud will be sentenced to seven years in prison and fined $15,000

January 27th, 2012

Harrisburg – Linda Kelly as Attorney General has announced that criminal charges have been filed to the dentist, Centre County, accused of shipping more than $ 52,000 in false insurance claims. Kelly has identified Dr. Jamshid Assadinia as defendants, 53 of the 1764 Cambridge Drive, State College, Centre County. Dr. Assadinia is the owner and who operates Jamshid Assadinia DDS, 300 South Allen St., State College.
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ADB approved loan for Uzbekistan

January 27th, 2012

The Asian Development Bank (ADB) has approved a political risk guarantee and loan totaling about $400 million to help build the Surgil Natural Gas Chemicals Project in the Uzbekistan. It is the largest-ever petrochemical plant. It will produce gas for conversion and for commercial use into chemical intermediates used in the textiles and plastics industries. Read More »

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The first time in the history of indemnity payments totaled $9 billion

January 26th, 2012

U.S. – compensation payments for the first time in history exceeded $ 9 billion. National Crop Insurance Services (NCIS) noted that the payments made to farmers for crop damage compensation in 2011 will continue to rise.
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