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July 2013, Page 3

Watchdog reviews insurance offers

Insurance that is bolted on to the purchase of holidays, cars and gadgets is being put under the microscope by the City regulator.

Traveling? Beware These 5 Common Insurance Myths

While travel insurance can’t prevent tragedies such as the one that unfolded Saturday when an Asiana Airlines flight crash-landed at the San Francisco International Airport, it can ease the pain of far more common inconveniences. Travel insurance typically covers the cost of trip interruptions and cancellations, loss of luggage and transportation to medical facilities in the event of an accident …

Insurance Companies Aren’t Excited About Armed Teachers in the Nation’s Schools

After the massacre at Sandy Hook Elementary last December, NRA chief Wayne LaPierre offered his organization’s solution to the problem: Get the feds to put armed guards in every school. Turns out, that’s expensive. So some school districts decided to take the idea into their own hands. But, thanks to understandably cautious insurance companies, that’s expensive, too.

Rockwood Has the Answer for Agent E&O Insurance

The insurance industry has recently seen some troubling trends in the Property and Casualty Agent’s Errors & Omissions marketplace. Some carriers are instituting premium increases or placing restrictions on the types of risks they’ll write.

Advantage Insurance Announces Executive Appointments

Advantage Insurance Holdings Ltd. , a leader in providing customized insurance solutions for businesses and individuals, today announced that Walter C. Keenan has been named its President and Chief Executive Officer .

Insurance policyholders increased three-fold in two years

Between 2010 and 2012, the number of policyholders in the insurance industry rose from 500,000 to 1.5 million. NIKE POPOOLA writes on the different initiatives to further increase insurance patronage in the country. In the last two financial periods, the number of life insurance policies sold by underwriting companies to policyholders tripled, according to the…  [Read More…]

Despite Hefty Payouts, Fire Insurance Costs Hold Steady

The insurance industry is bracing to pay hundreds of millions of dollars in claims to people whose homes were destroyed in major forest fires. But with government policies that indirectly encourage building in high-risk areas, insurance premiums for those living in the woods are unlikely to rise much.