29 March 2011

Commercial Bank Sues Lion for Insurance on Debtor’s Property

Commercial Bank Sues Lion for Insurance on Debtor’s Property : Commercial Bank of Ethiopia (CBE) has sued Lion Insurance SC for a little over three million Birr over an alleged insurance policy for natural disaster damage to a property Anano General Trading Plc acquired with a loan from the bank, which it failed to pay.

Model of loan reprogramming to be presented

Model of loan reprogramming to be presented : Cvetkovic told journalists in Belgrade that the National Bank of Serbia (NBS) is currently considering its role in the program as well as in the Ministry of Finance in respect of the section that refers to loan insurance.

Cvetkovic stated that the model of reprogramming of citizens' loans has been drafted, and will be publicly presented next week.

Cvetkovic told journalists in Belgrade that the National Bank of Serbia (NBS) is currently considering its role in the program as well as in the Ministry of Finance in respect of the section that refers to loan insurance.

The prime minister said that the program will not be legally binding for banks, but added that all large banks in Serbia will be due to accept the program.

Cvetkovic explained that the model displays all groups of citizens which have been comprised by the program, stressing that the solutions that have been reached are very affordable for the citizens and that they will be presented very soon.

what type of loan do you need to buy a time share

what type of loan do you need to buy a time share : Timeshare is the process where some companies buys property from you and sell timeslices to other customers. It is very popular during the vacation time. It is often used for vacation condominiums. Beside property you can also buy jets, cars, caravans etc. Thus timeshare has changed the dimension of the travel business and became a business model in a very short time.

In every business the option of loan must be there and timeshare is also not exceptional. You can avail timeshare loans. There are many private companies who give loans for investing in the timeshare property. It is not just a investment in real estate but also a way to have a luxurious vacation. source ezinearticles.com...

Charlton residents eye flood insurance battle over damage dispute

Charlton residents eye flood insurance battle over damage dispute : Businesses, home owners and farmers in Charlton, severely damaged in the January floods, said they were prepared to fight for the money they desperately need to get their lives back on track.

Some insurance claims have been denied because insurers believed damage in the Mallee town was caused by flooded rivers.

But insurers don't agree on the cause of damage. In one Charlton street those insured with RACV, APIA and CGU have had their claims paid after experts found rainwater had damaged their properties.

But people with AAMI and Elders Insurance were knocked back because experts blamed floodwater.

Charlton's flood recovery committee is discussing a class action with law firm Maurice Blackburn and Associates.

People would feel let down that they have to fight this and would feel really disappointed about the inconsistencies in the insurance companies' findings," committee spokesman John Harley said.

"Some residents' claims are being covered and some would feel angry that they live across the road and they are not covered.

"Mine was paid out and I actually feel guilty."

Charlton resident Andrew McGurk and his fiancee Abbey face an $80,000 repair bill for their home.

Mr McGurk said rain water damaged his home before the nearby Avoca River came through but Elders Insurance refused to pay.

"We only bought the house 18 months ago and there is no way we can afford (repairs). We will join the class action," he said.

Pensioner Graham Anderson, 74, faces a $100,000 repair bill after AAMI rejected his claim.

His daughter Kathryn Egan said: "The home's doors don't even close and half the home's power is out. Without the insurance I really don't know what we are going to do."

An Elders Insurance spokeswoman said it was "open to considering any new information" that may prove it was rainwater, not floods, that damaged its customers' homes. source www.heraldsun.com.au...

farmers insurance water damage

farmers insurance water damage ; Your home is probably the single largest investment you'll ever make. By insuring your home, you are helping to protect your investment and your equity.

Estimating your home value will help you to make a determination of the amount of insurance you will want to purchase. The primary factors that will determine the cost to rebuild your home include:

* Local construction costs and the square footage of the structure;
* The type of exterior wall construction -- frame, masonry (brick or stone) or veneer -- and the type of roof;
* The style of the house (ranch, colonial);
* The number of bathrooms and other rooms;
* Attached garages, fireplaces, exterior trim and other special features like arched windows. source www.farmers.com...

12 March 2011

Calamity insurance costs to go up after Japan earthquake and tsunami

Calamity insurance costs to go up after Japan earthquake and tsunami : As Japan suffers the jolt of a severe earthquake and tsunami, insurance companies feel the cost of catastrophic insurance for next year will move skywards.

"Since most of the re-insurance treaties in India are due for renewal in April, there may be some impact on the premium rates, especially for the catastrophic cover," Future Generali India Insurance MD & CEO K G Krishnamoorthy Rao told PTI.

A 33-foot tsunami, triggered by a powerful 8.9-magnitude quake, struck Japan today, leaving huge damage to properties and reportedly killing 26 people.

Although the extent of the damage is yet to be quantified, the re-insurers would have to take a hit while compensating for the loss.

"The Japanese earthquake or tsunami will have an effect on the re-insurance market but only next year from a rate perspective," Bharti AXA General Insurance CEO & MD Amarnath Ananthanarayanan said.

The reinsurance companies, which act as insurers of last resort for general insurers, would be making up for majority of the losses. These companies usually take up the cost associated to an event when the claim to be settled is too high.

"The estimation of losses will take time. However this can affect a few insurers and reinsurance firms operating in the region," Rao said.

The first three months of the current year saw insurance companies bearing the brunt of rising claims on account of events like floods in Australia, storms in the US and a severe earthquake in New Zealand.

Expert also said the global re-insurance companies, like Munich Re or Swiss Re , might have to enhance their natural catastrophe budget for 2011.

"In terms of the Indian reinsurance market, given that there have been fortunately no major catastrophes, the reinsurers will want to take a greater share of the Indian pie and therefore the rates will be very reasonable despite this earthquake or tsunami," Ananthanarayanan said.

Insurance stocks outlook after earthquake and tsunami in Japan

Insurance stocks outlook after earthquake and tsunami in Japan : Insurance stocks worldwide took a big hit today in anticipation of lower future payouts following the huge earthquake and tsunami which hit Japan overnight. In London, Prudential fell by 2.18%, RSA Insurance dropped 2.12%, Aviva fell 1.28% while Admiral slumped 1.60%.

In Frankfurt, insurers Munich Re fell by 5.2%, while Allianz fell by 2.5% and Swiss Re and Hannover Re were also down by more than 4%. "News of the earthquake and tsunami in Japan have sent insurers such as Royal & Sun Alliance and Aviva down a couple of percent as investors remain risk averse," says David Jones, chief market strategist at IG Index.


FTSE falls on Japan quake
Britain's top share index headed for its biggest weekly fall since July on Friday, testing support levels around 5,800, after a huge earthquake in Japan knocked already shaky sentiment. By 1222 GMT (7:22 a.m. EST), the FTSE 100 .FTSE was down 26.18 points or 0.5 percent at 5,819.11. The index was down over 2.5 percent on the week, setting a fresh intraday low for the year of 5,796.44. Read More...


Japan earthquake knocks insurers and unsettles nervous FTSE
Fourth-quarter construction output was revised up slightly, with a minimal impact to GDP. Already unnerved by a big sell-off in the US overnight in the wake of an unexpected increase in jobless claims and continuing concerns over eurozone debt problems, the FTSE 100 index had fallen a further 40 points to 5,805 by 10am and the Mid-250 index had lost 94 points to 11,428. Read More...


Insurance sector hit by Japan quake but FTSE claws back
News of the earthquake and tsunami in Japan have sent insurers such as Royal & Sun Alliance and Aviva down a couple of percent as investors remain risk averse," says David Jones, chief market strategist at IG Index. Read More...

09 March 2011

Copays, Prescriptions From Pharmacies and Hospital Care From Sentinel Life, Gerber Life, And United Health Care In March 2011

Copays, Prescriptions From Pharmacies and Hospital Care From Sentinel Life, Gerber Life, And United Health Care In March 2011 ; As you have Medicare often search for Medicare supplemental insurance plans. Getting Medicare supplement insurance can be beneficial for various reasons. Though there are many companies that offer Medicare insurance, like Medigap, it is estimated that roughly 70% of policyholders pay more than they need to.

Cost Of Coverage For Health Care In March - Average Health Insurance Bill For Americans

Cost Of Coverage For Health Care In March - Average Health Insurance Bill For Americans ; Millions of Americans have health problems every day. There are people going in and out of hospitals for different reasons, but many Americans who are without health insurance. One of the biggest worries is the cost of the health insurance coverage, and the cost of the deductible.

Interest companies offer various plans and rates for different kinds of health insurance. People with pre-existing conditions may have to pay more than those without pre-existing conditions. The Obama health reform act helped change regulations in the health insurance field but many of these changes will not go into effect until 2014. The average health insurance policy can have a person paying a deductible of $2000-$6000, and premiums can fluctuate greatly from $40 to a couple hundred dollars.

But, coverage is different for everybody. Helping turn this off of individual criteria. Four person to know what kind of insurance they can get, and how much they can expect to pay, they need to get rate quotes from health insurance company. Getting rid quotes from multiple health insurance companies and compare it in them to help Americans find the best health care coverage at the lowest cost.

Insurance issues surface in BP oil spill litigation

Insurance issues surface in BP oil spill litigation :  - Below the surface of lawsuits blaming oil company BP for the Deepwater Horizon rig explosion, tremors of insurance disputes begin to roll.

Rise in UK health benefits costs prompts adviser debate

Rise in UK health benefits costs prompts adviser debate : The cost of providing health benefits to employees in the UK rose by 4.9% in 2010, a larger increase than anywhere else in Europe, according to a survey of employers conducted by Mercer.

THE LIFETIME COST OF INSURANCE

THE LIFETIME COST OF INSURANCE : Recent increases in car insurance prices, especially for younger drivers, have been well documented. The AA's British Insurance Premium Index estimated that rates for fully comprehensive cover increased by an average of 33% in 2010, with 17-22 year old drivers facing increases of over 50%.

different types of annuities - tips

different types of annuities : There are many different types of annuity to choose from. Standard ones pay a fixed amount month in and month out for the rest of your life. Others pay a lower rate from the start, but can be increased by a set percentage, or by inflation, every year from then on.

Axa Concentrating on Variable Annuities

Axa Concentrating on Variable Annuities ; Leading personal investment firm Axa Wealth will continue to concentrate on variable rate annuities for the foreseeable future. Axa annuities have traditionally included only variable rate products, and company sources have only indicated that the insurance and investments giant is considering entering the market for fixed-rate annuities.

Life Insurance Get More Protection Under New State Regulations, Annuities must be suitable for buyers

Life Insurance Get More Protection Under New State Regulations, Annuities must be suitable for buyers : Annuities must be suitable for buyers; agents and brokers prohibited from falsely claiming expertise in serving seniors.

New Yorkers are protected by two new regulations to combat misleading practices in the sales of annuities and life insurance to senior citizens and other consumers, Insurance Superintendent James J. Wrynn announced today.

06 March 2011

Free market idea raises insurance rates

Free market idea raises insurance rates ; Friday's column took at look at bills being sponsored or co-sponsored by state Sen. Alan Hays, the Umatilla Republican who represents much of Lake County.

After serving six years in the state House of Representatives, where each legislator can file only six bills, Hays has been turned loose in the Senate, where there is no bill limit. The senator has introduced some good bills that will help the average person. Others won't.

Rich rush for insurance cover amid Middle East turmoil

Rich rush for insurance cover amid Middle East turmoil :
Underwriters expect cost of insurance premiums to soar
Lenders insist on insurance against political violence
Insurers have been inundated with requests for cover from wealthy individuals, oil traders and multinationals in North Africa and the Middle East amid fears that civil unrest will spread further across the region.

How you will pay for gender rules: A decision on insurance means huge changes

How you will pay for gender rules: A decision on insurance means huge changes : Millions of women will be charged more for their car insurance while hundreds of thousands of older men face smaller pensions after a controversial ruling from the European Court of Justice.

05 March 2011

Best Health Insurance Rate Quotes – Plans And Policies From Aetna, Anthem, Assurant Health

Best Health Insurance Rate Quotes – Plans And Policies From Aetna, Anthem, Assurant Health : Many Americans are asking, “where can I get the best health care coverage?” To answer that question, people looking for health insurance must first know where to look. Researching individual insurance providers is the first step. Getting rate quotes, which only takes a couple of minutes, is the next step.

Updating Business Interruption Insurance Policies for 2011

Updating Business Interruption Insurance Policies for 2011 : In Updating Business Interruption Insurance Policies for 2011, ExecSense examines easy-to-implement strategies used by leading insurance executives to update the language in their business interruption policies for 2011. Take the 60 minutes to view this webinar (on your computer, mobile phone, iPad, Kindle or printed out) to learn tips and techniques for updating business interruption policies that offer protection to insureds who experience business shut downs or the inability to generate revenue as a result of unforeseen events.

Disaster Insurance Review , Australia Launches

Disaster Insurance Review , Australia Launches : SYDNEY—Australia's government created a review board Friday to assess the country's disaster insurance industry on the heels of two devastating natural disasters in just the last few months.

The National Disasters Insurance Review will be chaired by John Trowbridge, who until last year served as one of three government-appointed executive members of the Australian Prudential Regulation Authority, or APRA, the national regulator for banking, insurance and superannuation.

"This review provides an opportunity for an independent review of issues relating to insurance in light of the recent disasters, in the context of the long-term funding of disaster relief," said Assistant Treasurer Bill Shorten. "It will provide answers about how individuals and communities affected by the floods and other natural disasters are able to recover and rebuild as quickly as possible."

The review will report back to the government by the end of this year.

The effects of significant flooding in the Australian state of Queensland in recent months, as well as the impact of category five Cyclone Yasi on that region's banana and sugar cane industries, continue to put significant pressure on a state that accounts for 15% of the country's gross domestic product. Businesses, citizens and the insurance industry have all been squeezed by the disasters, with insurance executives signaling higher premiums were likely to heighten the pressure even as government leaders move to quell the disasters' impact.

Coupled together, the floods have also placed pressure on the government's pledge to return the country's budget to surplus in the year ending June 30, 2013.Read More...