skip to main |
skip to sidebar
"Munich Re expects insurance premiums against sea piracy to rise following a spate of pirate attacks off the Somali coast.
Dieter Berg, Munich’s head of marine insurance, told Reuters that insurance rates are rising in all markets - marine insurance being no exception.
Payouts from current claims are pushing premiums up, Berg said.
He added that the risk [...]" (2009-1-30)
Read more...
"German legal services firm, ARAG, has been appointed by MMA Insurance to provide legal expenses cover alongside the firm’s commercial combined portfolio.
MMA is a broker-only insurer and the move will assist its customers by avoiding the need to obtain separate legal expenses quotes and complete proposal forms for standalone cover.
In addition, brokers using [...]" (2009-1-30)
Read more...
"Consumer advice group Which? has criticised several price comparison websites for failing to provide customers with accurate information.
Which? investigators examined six of the most popular price comparison sites, and found that on some sites, car insurance quotes were given with a different excess to what the customer asked for.
Some websites, including Gocompare.com, altered the customer’s [...]" (2009-1-30)
Read more...
"From 2010 banks and credit card providers will no longer be able to sell Payment Protection Insurance (PPI) alongside unsecured loans and credit agreements.
PPI is intended to cover repayments on unsecured loans if the borrower loses their job, becomes too ill to work, or dies.
The insurance has been the subject of controversy for years with [...]" (2009-1-29)
Read more...
"Fortis has started renegotiating a bailout deal with the Belgian Government and BNP Paribas.
The original bailout collapsed after a successful legal challenge from shareholders.
Fortis said the renegotiations will consider recommendations from a court-appointed panel of experts to sell only half of its insurance unit to BNP Paribas.
Fortis had planned to sell its entire insurance business [...]" (2009-1-29)
Read more...
"Storms that left 26 people dead across southern Europe this weekend caused hundreds of millions of euros in damage, an insurance industry group has revealed.
The Federation Francaise des Societes d’Assurances (FFSA) said better estimates will come in the next few days when the full extent of the destruction is clear.
Three types of insurance will be [...]" (2009-1-28)
Read more...
"The vast majority of UK underwriters expect insurance premiums to rise in the first quarter, according to research released this week.
In a survey conducted by Aon, 92% of underwriters predicted an increase in premiums for vehicle insurance.
In addition, 74% predicted a rise in property rates over the next three months, whilst 69% said liability premiums [...]" (2009-1-28)
Read more...
