Swiss Re buys insurance unit from Barclays
Swiss Reinsurance, the world’s largest reinsurer, announced an agreement Tuesday to buy the life insurance unit of Barclays for £753 million in cash, even as it wrote down more credit assets.
Swiss Re said it would acquire about 760,000 life insurance and pension policies and annuity contracts, for which Barclays had stopped writing new business since […]
Life insurance may cost more
SAGICOR POLICY HOLDERS may pay more for new life insurance coverage come next year due to the 2008 Budget imposition of a one per cent increase in insurance premium tax.
The good news is the company is likely to absorb that cost in its general insurance line of business.
In a statement to BARBADOS BUSINESS […]
Car-Insurance Rates Climb After Falling for Several Years
Car-insurance rates, after falling for several years, may be heading up again.
A study by Insurance.com, an online insurance agent, found that on average, its lowest quotes increased an average of 3.4% nationally during the second quarter of 2008, compared with the previous quarter. It was the second consecutive period that prices rose.
The average quote was […]
Macq bond insurance will diversify group
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Macquarie Group is wading into the US bond insurance market – a move that is consistent with the company’s international diversification strategy, says Moody’s Investor Services.
Eric Dinallo, New York’s state insurance superintendent, told The New York Times he has been discussing the deal with Macquarie since April and that he welcomes […]
Massachusetts health insurance mandate got people at a price
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News reports are hailing word from Massachusetts this week that the Bay State’s comprehensive health reform program is a success. Nearly 350,000 uninsured residents obtained coverage under the program, according to an Urban Study report on the reform’s first year. That means more people are seeing doctors outside of emergency rooms and […]
A good case for travel insurance
That policy might just save your next vacation
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Travel insurance did not save my life, but it did save me more than $4,000.
Few people plan to get sick, but when I was hospitalized this past spring with an illness, I was set at ease by a decision I made after a chance conversation […]
AAA Insurance 200 results
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Results Friday for the AAA Insurance 200 race for NASCAR’s Craftsman Truck Series at Dover International Speedway, listing starting position in parentheses, driver, truck, laps completed with reason out if not running at the finish, points earned, driver rating and money won:
1. (4) Scott Speed, Toyota, 200 laps, 128.6 driver rating, 190 […]
The Limited Appeal of Limited-Benefit Insurance
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Is having some sort of health insurance—even spotty coverage—better than having no protection at all? That’s the conventional wisdom behind initiatives like the bill signed last week by Florida Gov. Charlie Crist that allows insurers to sell inexpensive health insurance policies with limited benefits to uninsured Floridians. The new law is the […]
Concern over RBS insurance sale as Italian giant pulls out
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ITALIAN insurer Generali yesterday became the second big-name player to drop out of the £7 billion auction for Royal Bank of Scotland’s insurance arm – prompting analysts to question the timing of the sale.
Generali dropped out of the running just hours ahead of what is believed to have been the first unofficial […]
Dangers of exaggerating an insurance claim
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Exaggerating or lying on an insurance claim may seem like a sneaky but harmless way of making some extra cash, but consumers are more likely to get caught than ever before and with increasingly serious consequences.
Insurer RSA’s latest fraud survey assessed how likely people are to lie when making a claim […]