Word: settlement
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...fellow whose affair with a young Peruvian immigrant exploded when she locked herself in the bathroom of his Capitol Hill townhouse, called 911 and claimed the Congressman was trying to choke her. The Congressman, who said he was only giving a massage, made a quiet, out-of-court settlement with the woman last year. Bush announced that Sherwood was the "right man" to represent the district, which drew a big nothing from the crowd, and then quickly sought refuge in his stump speech...
...mean and nasty things, refused to let his wife use a bedpan and stabbed her with a broken glass. He's waiting until trial to address the allegations, and her reps won't comment on who leaked them, but their disclosure means she'll have less bargaining power come settlement time. Coincidentally, since Sir Paul just applied to trademark his name for use on scads of products from vegetarian food to panty hose, he might want to consider McCartney? gag orders...
...market for reselling life insurance in this way--known as a life settlement--has grown from nothing a decade ago to $13 billion, and will hit $160 billion over the next few years, according to estimates from the investment firm Bernstein Research. There are about 50 life-settlement firms, which either hold onto the policies for their portfolio or package them for resale to Wall Street. Pension and hedge-fund managers are snapping up these investments, eager to lock up returns that are not correlated to the stock market...
...practical matter, people should keep their life insurance for life," says Michael Freedman, senior vice president at Coventry First, a leader in the life-settlement industry. "But things change." Some good reasons to want out of a life policy include the death or divorce of a beneficiary, a sudden need for funds or escalating premiums that have become unaffordable. Or maybe you've managed to save enough to become self-insured, meaning you can meet your dependent's needs with the assets that you have put away...
Most students were not aware that “Customer Day” at Staples on Sept. 25, was nothing more than a settlement for a lawsuit that accused the office-supply chain of violating Massachusetts state item pricing regulations...