Mercury Capital Advisory

MERCURY CAPITAL ADVISORS OFFERS CONSULTING SERVICES TO GENERAL PARTNERS AS AN ALTERNATIVE TO OUR FUNDRAISING PRACTICE

ADVISORY TEAM WILL PROVIDE:

  • Comprehensive review of general partner’s portfolio and strategy
  • Guidance on the development of key marketing and investor due diligence materials for a given fund product
  • In-depth fund performance analysis
  • Advice regarding market conventions, including fund structure, terms and other investor conditions
  • Presentation assessment and coaching
  • Investor follow-up strategy

CRIB Advisors Mentors Singapore: Crib Society

CRIB SOCIETY is the platform to build networks, inspire and be inspired by fellow entrepreneurs.

We are a community of women and entrepreneurs who support and inspire one another through networking forums and lifestyle events.

We welcome all to join our mission of creating women entrepreneurs, especially existing and aspiring women entrepreneurs.

With thoughtfully curated partnerships and events organized throughout the year, from dialogues with fellow entrepreneurs to forums with prominent and successful industry mentors and venture capitalists, from merchandising opportunities to fundraisers, CRIB Society members have plenty of opportunity to get connected with inspiring personalities, showcase their businesses, and to give back to society.

Coalition Against Insurance Fraud: Dodging auto premiums should be crime

Lying about garaging vehicles burdens honest drivers

Summer driving season is in full swing. It’s a reminder that dishonest drivers are illicitly registering their vehicles in states where premiums are lower. The Coalition is calling for states to go after these drivers.

Using out-of-state addresses to insure a car illegally reduces the driver’s auto premiums. It also burden honest insurance consumers who insure their vehicles with their real address. They may pay higher auto premiums thanks to drivers who cheat the system.

North Carolina was the first state to tackle this issue by requiring new insureds to show proof of residence before an insurer could write a policy. Out-of-staters were registering their vehicles in North Carolina for the lower auto premiums.

North Carolina recently went a step further and put more teeth in the existing law. Trucking firms are falsely registering their fleets in the state yet have no operations there. The new law requires businesses to prove they ply the roads in the Tar Heel state.

Falsely registering vehicles in New Jersey is a specific insurance crime.

The Coalition seeks a similar law in New York. Bills have stalled, though we and our partners there are planning to reboot in 2017.

A Maryland bill would’ve let insurers rescind policies of drivers who falsely registered their vehicles in the state. The state held a public meeting. An insurer told about a claimed loss in Maryland by an insured who lived in New York — where the insurer doesn’t write coverage. The insurer paid the claim to avoid a baseless yet potentially costly bad-faith suit.

The statehouse will revisit legislation in 2017.

The Coalition strongly supports targeting auto rate evasion. Tough state laws can remove a driver’s incentive to take the risk.  Consumers who lie about where they drive to lower their auto premiums add burdens to the many thousands of honest drivers. This undermines the integrity of the auto-insurance system.

Fraud fighters have taken the forefront on this issue. Stay alert to auto-premium evasion in your state. Tell the Coalition and your state insurance department. Falsely registering a vehicle should be a ticket to jail, not an easy source of summer spending money.

About the author: Howard Goldblatt is director of government affairs for the Coalition Against Insurance Fraud.