International War and Terrorism Insurance
Posted on August 13th, 2010
Understanding the True Cost of Terrorism
While the political impact of war and terrorism is easy to identify because it’s so often in the news, it’s not quite so easy to identify the overall cost of acts of terrorism for companies and individuals. Before you can understand the costs, you have to understand what defines terrorism or an act of war. Is being kidnapped by Columbian rebels terrorism? What about a vehicle that you’re riding in being sabotaged by a civilian army as an act against a dictatorship government?
Prudential bounces back from failed takeover with 41 per cent profit boost
Posted on August 13th, 2010
Prudential has pleased its investors with a profitable result despite losing billions of pounds in June following the failed AIA takeover bid. Just two months ago the insurer lost £24 billion when its bid to takeover AIG’s Asian business fell through after shareholders failed to support the acquisition. But yesterday their fortunes were reversed when they announced profits of 968 million for the first half of 2010, a 41 per cent surge and higher than analysts’ predictions. The good news means that dividend payments for Prudential’s shareholders will rise by 5 per cent. Speak Read more…
Insurers hold death benefits for more profit
Posted on August 13th, 2010
Life insurers are facing broad criticism for profiting from the death benefits of soldiers and other life insurance policyholders even after a claim is supposed to be paid.
Insurers are using so-called “retained benefit accounts” to hold onto payments they owe to families of deceased policyholders. They deposit the funds in insurer-controlled accounts, rather than transferring the payment to a bank or issuing a check to beneficiaries. The practice allows the insurer to hold onto money and continue earning interest on funds they are otherwise required to pay out as claims.
How To Pick Up Term Or Whole Life Insurance
Posted on August 8th, 2010
A lot of individuals don’t like having to begin the process of shopping for life insurance. Typically, there are simply so many equivalents accessible that we’re overwhelmed by the sheer quantity of options that we now have to move through prior to discovering the correct policy for our specific needs. Nonetheless just as a journey of a thousand miles begins with one step, the pursuit of the right life coverage begins with one decision. If you find yourself deciding upon a life policy, you are going to have to choose which of these options you prefer: term vs. whole life insurance.
Every particular person is unique and has distinctive requirements, even when it comes to insurance. Read more…
johndaus says “USAA sucks, just because we have a old house they drop us.” about USAA Banking and Insurance
Posted on August 7th, 2010
We have had three water damage/mold claims in the last three years due to pipes leaking and ice dam after record snow fall. Now they drop us. USAA sucks. I sure there are plenty of other insurance companies that would like our business now the the house is fixed.
State Regulators Can Often Do Little To Control What Insurers Are Charging
Posted on August 7th, 2010
WASHINGTON — As Americans struggle with double-digit hikes in their health insurance bills, millions are coming up against a hard reality: the state regulators who are supposed to protect them can often do little to control what insurers are charging.
In many states, it is the insurance industry that largely control the regulatory process, funneling money to key state lawmakers and squelching efforts to expand government oversight of premiums, a review of state regulations and campaign donations shows.
“The pressure that the industry can bring to bear in state legislatures is unbelievable,” said J. Read more…