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Insurance premiums for cars go up by 60%

The Saudi Arabian Monetary Agency (SAMA) has decided to raise vehicle insurance premiums by 60 percent, a move that has angered car rental firms and individuals, according to insurance experts and dealers quoted in local media.The total value of vehicle insurance premiums stood at SR 4.69 billion in 2012, accounting for 22 percent of the total premiums injected into the insurance sector …

Insurance fraud hotline launched

To safeguard the interests of law-abiding policy holders, the Insurance Council of New Zealand has launched an insurance fraud hotline. Insurance Council Finance and Regulation Manager Terry Jordan estimates insurance fraud costs New Zealand policy holders in excess of $150 million annually. “Insurance fraud is a crime that honest Kiwi policy holders pay for,” says Mr Jordan. “This is because …

Hidden Car Insurance Discounts Revealed

Car insurance companies are aggressive in boosting about their discounted rates, but which ones offer the most? Bankrate.com put together a list of 17 discounts that car companies offer, such as a discount for having an anti-theft device for your car or being a member…        

Car Insurance: Hidden Discounts Revealed

Car insurance companies are aggressive in boosting about their discounted rates, but which ones offer the most? Bankrate.com put together a list of 17 discounts that car companies offer, such as a discount for having an anti-theft device for your car or being a member…

5 Insurance Policies You Don’t Need

You can buy insurance that covers nearly any risk you can think of — including alien abduction and excessive rain — but that doesn’t mean it’s a good deal. To see if insurance is worth buying, Robert …

Insurance plan for jobless

The Shoura Council has approved an insurance scheme for jobless citizens as part of its efforts to reduce unemployment in the country and encourage them to work in the private sector.“The council endorsed the law, which has 29 articles, after listening to the views expressed by the Administration and Manpower Committee on the issue,” said Fahaad Al-Hamad, assistant president of the council.“The …