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  • Earnings Reports: Validus Holdings, AXIS Capital

     Selected earnings highlights from Validus Holdings for the first quarter of 2012 are as follows:                                                               Q1 2012         Q1   2011           Gross premiums written ————       $837.299 mn   $849.89 mn Net premiums written  —————      $730.24 mn     $740.07 mn Net premiums earned  ————–        $451.2 …

  • UK Terrorism Reinsurer Pool Re Has over $7 Billion for Olympic Games Coverage

     Pool Re, the state-backed British reinsurer that covers terror attack-related commercial property losses, has £4.5 billion ($7.327 billion) of assets to cover the Olympic Games and is not jacking up premiums for the event. Bombings or other incidents costing more …

  • Best Affirms Ratings Samsung Fire & Marine (Europe) Ratings

     A.M. Best Europe ? Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of ?a? of UK-based Samsung Fire & Marine Insurance Company of Europe Limited (SFME), both with stable outlooks. Best noted: …

  • CNA Announces Approval from Hardy Shareholders for Acquisition

     CNA Financial Corporation announced that Hardy Underwriting Bermuda Limited shareholders have voted to approve CNA?s proposed acquisition of Hardy, announced in March. The acquisition is expected to close by the end of the second quarter, subject to regulatory approvals. CNA …

  • Big ?I? Chairman Donohoe Extols Association?s Value in Fast-Changing Times

     Speaking at the Independent Insurance Agents and Brokers of America (IIABA) conference, IIABA Chairman Mike Donohoe said the association is an indispensable partner and guide for independent agents in a rapidly changing world. “The association has always been there for …

  • ACE USA Enhances Hospice Insurance Products

     ACE USA?s ACE Medical Risk Division now offers an endorsement for hospice care eligibility requirements. This new enhanced hospice care eligibility recertification endorsement serves as an amendment to ACE?s hospice facilities products. It provides professional liability coverage to hospice physicians, …

  • Iowa?s Fulwider Honored with Big ?I? Woodworth Memorial Award

     The Independent Insurance Agents & Brokers (the Big ?I?) has awarded an Iowa agency owner, Bob Fulwider, with the Woodworth Memorial Award, the highest honor the association bestows on one of its members The Woodworth Memorial Award, presented at the …

  • Troubled Illinois Work Injury-Claim System Hit in Audit

     Illinois’ troubled system for compensating injured state workers hands out money too readily, sometimes without medical evidence to back up a claim and occasionally paying benefits the hurt employee didn’t even seek, according to an audit released on April 25. …

  • Oklahoma House Defeats Alternative Workers? Comp Measure

     The Oklahoma House has defeated workers’ compensation legislation that would have allowed large employers to opt-out of the state’s workers’ compensation system. In a bipartisan vote on April 25, House members voted 50-42 against the bill. Its author, Rep. Fred …

Insurance Journal » News Mon, 30 Apr 2012 10:07:59 +0000

Hgv Courier Insurance - Hgv Courier Insurance
... you would normally purchase for a delivery business. So there are now insurers who specialise specifically in more complex insurance policys, they are experts in business insurance; therefore they will be able to advise you on all your insurance needs, to make sure you are completely covered, leaving no room for mistakes. The following is a list of the specifications that you may need to include in any haulage insurance cover and what can be potentially covered with the correct policy: Legal liability for injury or death to any other individual, including any such passengers. Legal liability for damage to outside property. Legal costs can be fully covered with the Insurers consent, in connection with an insurance claim against your policy. Your own damage (subject to any excess). Vehicle replacement, in the event of an accid...
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Gap Insurance - Gap Insurance
...gap insurance is? I know that I had never heard about this type of insurance before until it was brought to my attention recently. The gap insurance covers the deprecation on a car in the event of it being stolen and never recovered. How does it work you might wonder and do you need to take it out if you have outstanding finance on the vehicle? Say you have ten thousand pounds worth of car finance on your car but when it gets stolen the insurance company says it`s only worth eight grand. It means you`ll have to find the extra two thousand pounds to pay off the finance company. If you take out gap insurance on the car, this amount will be covered, so you don`t have to find any additional money to pay off the debt. Most people buy cars and decide to keep them for a set amount of time so they know how much fina...
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Courier Insurance - Courier Insurance
...er Insurance is a must as some parcels being sent might be quite costly or important. Losing such document or parcels can mean huge losses for some people. Therefore,Courier Insurance has become an important consideration for any one using mailing services. It is not uncommon for people to lose their mail before it reaches a desired destination. We make sure that your mail is covered sufficiently so that if you happen to lose it while it is on its way, you will be compensated. Many people may not see this as a necessary step until they experience a loss. So, why wait for it to happen to you? Get your insurance now and save yourself from huge losses. ...
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Car Gap Insurance - Car Gap Insurance
...est and say that I had never heard of car gap insurance until recently. I suppose unless you buy a car on finance you might not know about such policies. As I understand it the car gap insurance covers you in the event of a car being stolen and never recovered or one that is deemed a total loss by the insurers. If you still owe money on the car to a finance company then the gap insurance will pay off the difference between what the insurer says the car is worth and what finance you have left on it. Some of the policies will even leave you with some money to use as a deposit on another car. It`s, probably something that many people would never even consider when they take a car out on finance. If the insurance company decides that the car is worth less than you thought it might be when it is deemed a total loss then you could have to stump up the money to pay off the bal...
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