British insurers make payments regularly

The Association of British Insurers (ABI) has revealed that UK insurers are paying out almost £200m a day. The figures include daily payouts of £19m for motor insurance policies, and £9m relating to home insurance coverage.

AXA Commercial Lines introduced post Simple Products Trading Manager

AXA Commercial Lines and Personal Intermediary has announced the appointment of Louisa-Jayne Stirzaker as Simple Products Trading Manager.

Various versions of your car insurance

 It's a fact that most states have different rules regarding car insurance. But most people don't take the time to look at their policy and coverage limits. While we can cover a number of discounts that are available, there are also things that you should review with your policy.

The more expensive the car, the more expensive the insurance reimbursement

Injury claims are most likely to come from occupants of minicars and cars equipped with powerful engines while luxury vehicles lead to the priciest vehicle repair claims, according to the latest insurance claims data released Thursday from the Highway Loss Data Institute (HLDI).

Development of the insurance industry to climate change

A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change.

In short, the report, its authors and those endorsing it want more efforts made to calculate climate change into risk management.

Capital markets opportunities for reinsurers!

Investments from the capital markets in various forms now provide around 14 percent of the total capital dedicated to providing reinsurance – approximately $35 billion [$17 billion in cat bonds] out of $250 billion.

IPISC created the InventPro Insurance Program to help level the playing field for inventors and small companies.

Louisville, Ky. headquartered Intellectual Property Insurance Services Corporation (IPISC), which focuses on intellectual property (IP) insurance risks, has launched the InventPro Abatement Insurance program.

11 percent have a high level of understanding health reform implications

Despite 92 percent of U.S. adults being aware of healthcare reform, most lack a comprehensive understanding of how it may impact them, a survey indicates.

Every citizen should have health insurance

A visit to the doctor can cost hundreds, sometimes thousands of dollars, and medications can be just as expensive each month. Trips to the emergency room only further increase the cost of medical care, and are one of the fastest ways to rack up a bill in the thousands. Finally, surgical care, anesthesiology and hospital stays make paying for your own health care nearly impossible.

AMEX Assurance Company, seeks to void a travel insurance policy

An American Express subsidiary is suing a Maryland man who was jailed for months in Aruba in the suspected death of his traveling companion.

The subsidiary, AMEX Assurance Company, seeks to void a travel insurance policy that Gary Giordano, of Gaithersburg, Maryland, took out in Robyn Gardner’s name before their Caribbean vacation last year.

Brent Howell has been named vice president at Watkins Insurance Group

Brent Howell has been named vice president and account executive of Austin, Texas-based Watkins Insurance Group’s Employee and Group Benefits Department. Howell will lead Watkins’ Benefits department, which offers employee and group benefits as well as individual life and health plans.

New CEO in CNP Assurances

French personal injury insurer, CNP Assurances, has announced the appointment of Frédéric Lavenir as chief executive officer.

Mr Lavenir will take office on 26th September 2012, replacing Antoine Lissowski.

Unusual insurance requirements in Pet Insurance

A dog that got bitten by a turtle, a hound found literally hanging around the barbecue grill and a cat that went for a ride after getting stuck in a car engine are among the nominees announced by Veterinary Pet Insurance Co. (VPI) for its VPI Hambone Award honoring the “Most Unusual Claim of the Year.”

Rules to reduce health care costs

Health care costs are rising, and many people are feeling the pinch when it comes to paying their medical bills. Fortunately, there are some easy ways to reduce your health care costs. Try these tips to ensure that you’re not overspending on health care.
Use Preventative Services

Progressive Plans hoping for the best after Second Quarter

In a recent letter to shareholders recapping Progressive’s second-quarter financial performance, President Glenn Renwick wrote that “disappointing” results were “well within our control.”

Cheapest Car Insurance? Read more

Buying even the minimum levels of liability insurance can be expensive for good drivers. Research released in June by the Consumer Federation of America (CFA) found that more than half of motorists in its sample -- drivers without moving violations or accidents who live in moderate-income areas -- were quoted rates of more than $1,000 a year for basic coverage. For 32 percent, the quotes averaged more than $1,500.

NAIC accept new requests for 2013

The National Association of Insurance Commissioners issued the following news release:

The National Association of Insurance Commissioners (NAIC) is currently accepting applications for the 2013 Consumer Liaison Program.