Christchurch in New Zealand Faces Insurance Claims after Earthquakes

A first quake measured at 5.8 was monitored by US Geological survey follow closely by a second quake around the same magnitude.

Buildings were damaged power supplies cut off and the city airport was closed temporarily.

The last earth quake in New Zealand cost the country an estimated £9.9bn. The estimated costs of repairs and insurance claims for this latest quake is likely to be significant. Building insurance, business insurances and maybe public liability claims could all occur in the future. As big big pot holes have appeared in the road.

HMRC Help large firms avoid tax liabilities

Claims that HMRC credibility is in doubt as they have been accused by MPs of favouring large companies and NOT collecting taxes from them.

The Revenue and Customs have £25 billion in unresolved tax bills.  This is a massive area of tax avoiding which needs to be resolved and more professional approach to insure that this does not happen again and that the larger companies do not get indemnity against the taxes they are due to pay.

We need to consider looking very closely at the accounting firms and senior management at HMRC like Dave Hartnett who is the out going permenant secretary and been highlighted as the main person responsible for the failure at HMRC.  He was also 2named by the public accounts committee.

Other private accounting firms should be aware of claims that could be made against their professional indemnity insurance policies

Kim Jong-il Dies The North Korean Leader

The North Korean leader who has led the communist party since 1994 died apparently from a heart attack what will now happen in North Korea and where does this leave the next generation.

It is said that his son may now take over which could open up new talks and offer a fresh hope to new negotiations. With South Korea and the USA North Korea is a very poor country and does have liabilities. It would be sensible to consider professional talks and insurances to the rest of the world that it North Korea stop it explanation into nuclear weapons.