Baby buggie price inflation sparks crime wave

November 9th, 2010 No comments

The vogue for increasingly expensive baby buggies has sparked a new crime wave, according to Halifax Home Insurance.

Thefts of baby strollers have almost doubled in the past year, which the lender claims is fuelling a black market worth around £60 million

Sales of buggies costing over £500 having increased by 40% over the past 12 months and Halifax points out high re-sale values make these items a prime target for opportunist thieves.

The research also suggests that criminals are stealing specific models, with the Bugaboo Bee Plus (worth £459), Silver Cross 3D (£250), Quinny Zapp (£150) and the Maclaren Techno XT (£196) among the most sought after models.

Most thefts appear to be taking place from inside the home (22%) or just outside (11%), while car parks, cafés and restaurants are other buggy-theft hotspots.

Meanwhile buggie-price inflation is forcing almost a quarter of parents to buy second-hand, mainly from online auction sites, or from friends and family.

Halifax Home Insurance head of underwriting, David Rochester, comments: “It may seem surprising that thieves would stoop so low, yet it appears the increasing value of baby buggies has caused parents to become a target for thieves.”

He adds: “We recommend all new parents make sure buggies are safely secured when stored in the home, and not left visible in porches or driveways where they can be easily stolen as they are on wheels, enabling a quick getaway.”

Despite the high value of buggies, almost a fifth of parents questioned were unaware whether their pushchairs are covered under their insurance policy if stolen from inside the home, while a fifth didn’t know if they’re covered if the pushchair is stored outside.

US health care : Obama admits big political hit from reform

November 8th, 2010 No comments

In his first major interview since a mid-term electoral drubbing, US President Barack Obama conceded he had taken a bigger political hit than expected for driving his signature health reforms through Congress.

“There’s a reason why our health care system hasn’t been reformed over the last several decades. Why every president talks about it and it never happens. Because it’s hard. It’s a huge, big complicated system,” Obama told CBS’s “60 Minutes.”

“I made the decision to go ahead and do it and it proved as costly politically as we expected. Probably actually a

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Categories: Insurance Quotes Tags: Hit, Political Hit

Connecticut Insurance Commissioner to Resign After Dust-Ups with Advocacy, Auto Body Groups

November 5th, 2010 No comments

HARTFORD, CT — Just days after a consumer advocacy group called for Connecticut Insurance Commissioner Thomas R. Sullivan to step down for approving large premium rate increases since passage of the federal health care reform law, Sullivan notified Gov. Jodi M. Rell that he will resign from the post Nov. 12.

In addition, the Auto Body Association of Connecticut had called for his ouster, saying Sullivan hurt small businesses and automobile insurance consumers in part by failing to act on claims of insurer misconduct in settling collision repair claims and siding with the insurance industry on the use of after-market parts (BestWire, Oct. Read more…

Debt Grants

November 5th, 2010 No comments

When you live your life on the debt, why not trying to clear your debt sometimes? I know, maybe you’re thinking like this now: Talk is cheap! You just do not know what kind of life that I’m living. Well, I’ll tell you know that there are always some way to get off your debt. Of course, not by running away from them, it’s just useless, plain useless. You could clear your debt by attending some financial management course, or by contacting some financial advisor that are available everywhere, especially on the internet.

Try to visit this debt free advisor site: Payingpaul.com. The old saying was like this: to pay Paul, we must rob Peter. But now

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Categories: Insurance Quotes Tags: Debt, Debt Grants

Announcement : Insurer Aviva says to withdraw from Taiwan

November 3rd, 2010 No comments

British insurer Aviva said on Tuesday that it was withdrawing from Taiwan because it did not expect to meet group financial targets there.

The announcement came as Aviva said that total sales of the group’s new policies rose by six percent in the first nine months of 2010 thanks to growth in Britain and elsewhere in Asia.

“We are exiting Taiwan as we do not believe we can meet our target financial returns in this market,” Aviva said in a trading statement.

But it added: “We are well-positioned to continue strong growth in both volumes and margins in our Asia Pacific business.”

Aviva also revealed that its new life and pensions sales reached 25.55 billion pounds (29.40 billion euros, 41 billion dollars) in the nine months to September 30 compared with the equivalent period of last year.

“As we look to the next phase of our growth, Aviva will sharpen its geographic focus and deepen its position in its key markets through its strengths in both life and general insurance,” chief executive Andrew Moss said in the statement.

Aviva in August rejected a takeover bid for part of its business from rival RSA worth 5.0 billion pounds in cash.

The proposal was for its general insurance businesses in Britain, Ireland and Canada, while the takeover would have been funded by RSA issuing new shares.

State Insurance Commissioner Race Unusually Heated

October 31st, 2010 No comments

The governor’s race is getting more attention, but the campaign for state insurance commissioner might have higher stakes, as federal health care reform barrels toward California.

“From a pocketbook perspective, the insurance commissioner’s race has more of an impact on the daily lives of Californians than any other race,” said Doug Heller, director of Consumer Watchdog, a nonpartisan advocacy group in Santa Monica. “The insurance commissioner is often consumers’ first and only line of defense against the insurance industry.”

The insurance industry has poured more than $4.5 million into the race, setting spending records for an office that rarely receives attention.

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