Price comparison sites face probe
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The Financial Services Authority (FSA) is to examine the rules governing websites that compare insurance products.
At issue is whether the act of ranking insurance products online by price constitutes giving financial advice.
Some comparison websites are allowed by the financial watchdog to arrange insurance, but not to give advice.
The move comes after […]
What’s New With Crop Insurance In 2008
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Both traditional yield insurance (APH) and several varieties of revenue insurance will again be offered to crop producers in 2008. Last year 89 percent of Iowa’s corn and soybean acres were covered by some form of crop insurance. Revenue insurance has become the dominant type of coverage, accounting for over 85 percent of […]
Don’t waste money on futile insurance policies - warns consumer body
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People are wasting millions of pounds on pointless insurance policies, a consumer group will claim today.
Which? will give warning that consumers could be unnecessarily spending thousands of pounds each for the sake of “peace of mind” on obscure policies that they do not really need.
The group said that although car, home […]
Pet insurance helps keep leash on high vet bills
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Tara Desrosiers had always pondered the idea of getting health insurance for her 10-year-old Yorkie.
But by the time Benson’s knee ligaments ruptured, it was too late. She had to pay for the surgery that allowed her tiny terrier to walk again.
“It was a $3,000 vet operation and it was well worth it,” she […]
Florida Suspends Allstate’s License To Sell Home Insurance
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Florida’s insurance commissioner on Thursday suspended Allstate Corp.’s license to sell new home-insurance policies in the state. Wednesday, the commissioner had announced he was suspending Allstate’s ability to write new car insurance.
It’s the latest wrinkle in a battle over rising homeowner premiums, and reductions in coverage, in the hurricane-prone state of Florida.
The […]
A large charity event
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Good afternoon, ladies and gentlemen!
Our blog GreatInsure.com, together with InsuranceWall.com conducts charity event.
All the fun we met New Year and Christmas, but there are people who are deprived of this, and the most terrible, that among these people a lot of children!
Children living in shelters that do not receive gifts, those […]
Insurance reform a failure. Like DUH!
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The Houston Chronicle is finally shocked by what they call bogus insurance reform. Well, better late than never.
In response to pleas by consumers to reduce Texas homeowner insurance costs that lead the nation, state lawmakers passed reform legislation in 2003. Unfortunately, the so-called reform has primarily benefited insurance companies rather than their […]
A Price War In Health Insurance
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When UnitedHealthcare (UNH) told American Printing House for the Blind that its health insurance bill would jump 49.9% in 2008, Chief Financial Officer William G. Beavin decided to shop around. He settled on Humana (HUM), which offered a less generous plan that delivered a 17% rise. That’s steep, and will cost the […]
Risks and Financial Cost of Insurance
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Deregulation and the boom in the Financial Sector of the Indian Economy entails the prospect of the Insurance Business. World biggies are entering Indian to tap the market, population with the effort of Joint Venture with the existing large and capable financial houses. More than 75% of the population are yet to […]