Posted by Nicholas Adams on Nov 17, 2011
Insurance terminology can be very confusing, especially when considering that every state has different insurance laws. Depending on where you live, you could have significantly different requirements than someone in a neighboring state. Be sure that your policy meets state standards, and consider purchasing insurance well beyond the state minimum requirements.
Auto Insurance Laws In Nebraska
Nebraska takes auto insurance compliance very seriously. If you are caught driving without insurance, the state could suspend your license immediately. The requirements for auto insurance in Nebraska are similar to those in other states. Nebraska has mandates for minimum coverage.
Drivers must carry at least $25,000 for bodily injury or death of one person, $50,000 for bodily injury or death of more than one person, and $25,000 to cover property damage in a single accident.
Read more…
Tags: Insurance Laws, Laws
Posted by Nicholas Adams on Nov 13, 2011
Analysis by Direct Line home insurance has uncovered the worst subsidence hotspots in the UK.
London and the south-east are particularly prone to the problem due to the nature of the soil there, which has more clay than is usual in other parts of the country.
Subsidence claims run into thousands of pounds, and the insurer has offered homeowners some basic tips to help prevent the problem arising.
Trees play a significant role in drying out moisture, so when new trees should only be planted if suitable in this regard.
Naturally, bigger trees absorb more water, drying out the soil to a greater degree.
Direct Line has also advised those considered extensions to be aware that deep foundations and proximity to trees need to be taken into consideration.
Rob Warner, head of risk modelling at Direct Line home insurance, said that the victims of subsidence should not panic, and ought to call their insurer immediately.
In August Swiss Re reported that climate change was leading to increased risks of subsidence as Europes climate becomes hotter and sunnier.
Tags: Direct Line, Hotspots, Subsidence Hotspots
Posted by Alexander Murphy on Nov 06, 2011
Car insurance is something that all American drivers need, but no one likes to pay for. Car insurance will go unused for months or even years, and all the while a driver will be paying a monthly premium. If an accident does occur, a policyholder will then be responsible for paying the cost of their insurance deductible before their provider will offer any form of monetary assistance. Many drivers are now seeing their deductibles creep ever higher, and wonder what they can do to help lower their costs but still retains the basic coverage that they need. While a car insurance deductible is not as flexible as say, a car insurance premium, there are ways to help lower it.
Read more…
Tags: Car Insurance, Insurance
Posted by Jeffrey Nelson on Nov 01, 2011
After a trying period, Toyota is hoping more people will be willing to trust their brand and buy a new car – and lots of them.
10 million vehicle sales by 2015
According to the Associated Press, within the next four years, Toyota would like to reach or eclipse 10 million vehicle sales on an annual basis.
That’s according to Akio Toyoda, president of the Toyota Motor Corporation, telling the AP from a Tokyo hotel that the car maker wants to improve customer satisfaction in addition to profits in the wake of millions of vehicles being recalled since 2009.
“This vision is about what kind of company we are, our values and the road to what kind of company we want to be,” Toyoda told the AP.
Toyoda also stated the company would like to see profits in the $12 billion range “as soon as possible.”
A new ‘global vision’
The Associated Press says these goals are part of Toyota’s new “global vision” since the recall of 2009, which led to millions of vehicles being taken off showroom floors for faulty floor mats, sticking gas pedals and braking issues.
Read more…
Tags: 2015, Million Vehicle, Million Vehicle Sales, Vehicle Sales
Posted by Alexander Murphy on Nov 01, 2011
Aviva has announced the appointment of John Lister to the post of UK chief risk officer.
He has worked for the firm for a quarter of a century and has been the chief financial officer of the UK Life business for the last two years.
Lister, whose appointment is effective from March 2012, will be tasked with leadership of the risk management and governance agenda in the United Kingdom.
He will be directly responsible to Trevor Matthews, the UK chief executive officer, and Aviva plc Chief Risk Officer Robin Spencer.
Lister succeeds Craig Thornton, who became the UK commercial director on 1 November.
Group Chief Risk Officer Robin Spencer described Listers detailed knowledge as an invaluable asset and warmly welcomed him to his new position, which is subject to FSA approval.
Tags: Chief Risk, Chief Risk Officer, Officer, Risk Officer
Posted by Jeffrey Nelson on Oct 28, 2011
Landlord insurance clients with properties in London are probably well aware of the unique nature of their marketplace. Despite the economic gloom in the rest of the country, London agents Marsh and Parsons say that in the traditionally quiet month of August they agreed 350 letting transactions and that the Autumn season started with “encouraging signs”. They are noticing a number of new rental properties coming on line as buyers from Europe invest in the London market, partly to get out of Euros and into Sterling.
According to Marsh and Parsons the market in London for one and two bedroom flats up to £800 per week in central London remains “incredibly strong”. This may be very good news for landlord insurance clients looking for tenants at the moment. If you are looking for landlord insurance
Tags: Market
Posted by Alexander Murphy on Oct 23, 2011
New York-headquartered international reinsurer Transatlantic Holdings reported third-quarter net income of $68 million, down significantly from $134 million one year ago.
The earnings were hurt by $71 million of pre-tax net catastrophe costs that were partially offset by related tax benefits of $25 million. CAT costs consisted mostly of $33 million for current quarter floods in Denmark and Hurricane Irene and $34 million from net changes in estimated costs from earlier CAT events this year. The results were released on Wednesday.
Also hurting the third-quarter results was the $57 million in costs for the termination of its merger deal with Allied World Assurance Co. Holdings. Third-quarter results included $57 million of pre-tax costs associated with the terminated merger agreement and other strategic review activities.
Read more…
Tags: Earnings Report, Report
