Posted January 21st, 2010
by admin
(Proactiveinvestors) – FTSE100 insurance group Admiral (LSE: ADM) has signed re-insurance contracts for its new car insurance operation in the United States, Elephant Insurance. German based re-insurance specialists Munich Re and Hannover Re will jointly take 60% of the risk through a quota share reinsurance agreement. Admiral also extended a number of European reinsurance contracts with Munich Re.
“This is a very good day for Admiral Group. The
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Tags: Car Insurance, Insurance Posted in Insurance Quotes
Posted January 17th, 2010
by admin
Airline passengers will face double searches and profiling after Gordon Brown demanded extra security in UK airports.
Full body scanners will be introduced at Heathrow within weeks where they will be used for flights to all destinations and not just those bound for the United States.
The Department for Transport will instruct other airports across the country to install the scanners, costing around £100,000 each, as soon as possible. As well as being searched as they pass into departures, new rules will allow staff to pat down passengers at the gate, immediately before they board.
It takes roughly 20 seconds to screen an individual passenger. Read more…
Tags: Body Scanners, Double Searches, Searches Posted in Insurance Quotes
Posted January 17th, 2010
by admin
It has emerged that a coach full of British tourists expecting to see one of Europe’s busiest Christmas markets ended up in a closed car boot sale after the driver mistakenly took them to the wrong destination.
It was only on their return to Hull, East Yorkshire, that the group realised the market they were heading for – Belgium’s Winter Wonders festival in the centre of Brussels – had been less than three miles up the road!
They had taken the trip hoping to see an illuminated big wheel, as well as enjoying laser shows, street theatre and the delights of 240 shopping chalets. Instead, they were met with a ‘Closed’ sign and rows of empty stalls. Only one st Read more…
Tags: Boot Sale, Car Boot, Car Boot Sale, Sale Posted in Insurance Quotes
Posted January 16th, 2010
by admin
We have just experienced one of the most turbulent financial times in our economy, and while the economy may be recovering, consumers are still scared and concerned about their personal financial condition. As they look back at 2009, they have a better appreciation for the products the life insurance industry providesâproducts with safety, security and guarantees.
Many companies have revised their marketing materials and consumer education pieces to emphasize these features to consumers. The LIFE Foundation has numerous educational pieces designed just for this purpose. Th
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Posted in Insurance Quotes
Posted January 13th, 2010
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As we start the new year, the elusive market turn is on the minds of all insurance professionals. The 2009 combination of a tough economy and an intensely competitive insurance market was not kind to most insurance organizations, and 2010 is not showing any signs of change. So when will a change come?
One underwriter commented in late 2008 that the change would occur on 1/1/09 because prices were too low. Obviously wrong.
William R. Berkley, chairman and chief executive officer of WR Berkley Corp., sees a turn in the first half of 2010 (see here, here or here, from late 2009):
At current pricing levels with existing low interest rates, we believe the industry is operating at a net loss on an accident year basis; and a turn in the cycle is inevitable. We
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Tags: Elusive Market, Elusive Market Turn, Market Turn, Turn Posted in Insurance Quotes
Posted January 13th, 2010
by admin
I was sitting at a table in a chilly ballroom in Charlotte, N.C., and had just laid down my dinner fork. The lights dimmed and everyone in the room shuffled their chairsâa few hundred of themâto face the stage. Dinner was over and the presentation was about to begin. Within moments, I was transfixed.
It was my first realLIFEstories award dinner. At the timeâalmost eight years agoâI was a seasoned journalist, but new to the world of insurance and financial services. I was tasked with writing about the event, but had no idea what was in store for me.
What happened next took the concept of life insurance from the realm of the theoretical into the realm of reality for me. I watched t
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Posted in Insurance Quotes