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BB&T CORP., Winston-Salem, N.C., said it would buy Southeastern Fidelity Corp., Tallahassee, Fla., an insurance premium finance company, in a stock swap.
A court in Liverpool has forced Close Premium Finance to repay him £502, including interest and costs.
A spokesman for the Association of British Insurers (ABI) said: "Insurers want to ensure that any premium finance options are clearly and fully set out as part of the sales process, so that customers know exactly how much they have to pay for their insurance.
Close Premium Finance said: "We have done everything appropriate to try to ensure a resolution to this case and have been in frequent correspondence with the customer". "It is important to note that this judgement is not the final outcome of the case and that we are in the process of seeking to have the judgement set aside," it added.
Due to the fact that our firm operates in the highly nuanced field of premium finance, it is vitally important that we network properly and connect with the right individuals, business owners and professional advisors to build a community of resources that we are proud of serving.
Earlier this year, a federal judge in Colorado initially refused to approve a settlement involving an alleged $16 million Ponzi scheme run by Bridge Premium Finance, citing the SEC's failure to get an admission of wrongdoing from that company.
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The results reflect the addition of the Barry Scott Companies, acquired in August, as well as substantial growth in DCAP's premium financing operations, said Barry Goldstein, the company's chief executive.
Best known for its premium finance-centric content and pink newsprint, this 126-year-old institution has broken free from its stuffy British gentlemen's club reputation and established itself as a global digital media leader.
Premium financing works in a similar fashion.
To pay for these large premiums, life insurance premium financing may be an attractive option.
Premium financing also avoids using up your annual gift exclusions and reducing your overall lifetime exemptions.
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