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Rise in private sector employment and fall in overall unemployment
Big rise in private sector employment and fall in overall unemployment welcome as the economy stabilises
Rising private sector employment and a fall in...
Car insurance : record premiums pile pressure on motorists
The latest benchmark AA British Insurance Premium Index brings no joy to motorists as premiums continue to go up at record rates.
Over the first...
Analysis : RMS releases insured loss estimates for Tohoku earthquake and tsunami
Based on a combination of detailed modeling and analysis of preliminary damage information, Risk Management Solutions (RMS) estimates the total insured property loss from...
Fourth Blue Fin catastrophe bond to be issued by Allianz
Allianz is close to completing a $40 million catastrophe bond that will cover Europe's biggest insurer against extreme losses from U.S hurricanes and earthquakes,...
Omega Insurance sees Japan quake losses at USD24 million
Omega Insurance which has received takeover approaches over the last month, estimated it could have losses of around $24 million from last month's earthquake...
Short news : excessive insurance for a royal wedding street party
A woman trying to host a Royal wedding street party has been told she must take out £5million in public liability insurance.
Hayley Mills says...
Health costs huge risk to advanced economies
The cost of health care poses a burden to developed countries that could spark immense financial crises if not contained, the International Monetary Fund...
Aon Benfield launches first storm surge risk model for Germany
Aon Benfield today launches the first storm surge model for Germany to help re/insurers quantify risk in this underdeveloped line of cover.
To date, storm...
U.S. : earthquake insurance demand on the rise
Earthquake coverage demand is on the rise on the American West Coast.
“We might need some more underwriters,” says Susan Rivera, president and CEO of...
Global Islamic insurance market on the rise
Contributions drawn by the global Islamic insurance, or takaful, are expected to reach $12 billion in 2011, up from $9.15 billion last year, with...
Insurances prices rise with catastrophes
According to Allianz, property-casualty insurance costs will rise in the Asia-Pacific region following the recent floods and earthquakes there, though the impact on global...
Survey : consumers’ awareness and skills worryingly low
According to a Eurobarometer study published today on the occasion of the 2011 European Consumer Summit, less than 50% of EU consumers surveyed felt...
Home insurance : safeguard your garden from green fingered thieves
Moneysupermarket.com advises all those thinking of dusting off the barbeque set and sprucing up their gardens to ensure their outdoor items are adequately protected.
Research...
Consumers should be at the heart of banking reform
As the Independent Commission on Banking publishes its interim report, Which? chief executive, Peter Vicary-Smith, says:
"Today's report is a step in the right direction....
Mike Wilkins / IAG : adapting to changing risk
The enormous scale of destruction and human loss arising from recent catastrophes has horrified us all and highlighted the vulnerability of our towns, regions...
Fitch Assigns Friends Provident Hybrid Securities ‘BBB+(exp)’ Rating
Fitch Ratings has assigned Friends Provident Holdings proposed issue of hybrid securities an expected 'BBB+(exp)' rating.
The final rating is contingent on the receipt of...
Japan atomic plant worker in hospital
A worker battling to cool overheating reactors at Japan's tsunami-hit nuclear plant was taken to hospital on Sunday after complaining of feeling sick, the...
German reinsurer may lower 2011 forecast after Japan quake
The earthquake and tsunami in Japan will likely force the world's third largest reinsurance group, Hannover Re, to revise downwards its yearly forecasts, the...
BIBA agrees access to ECGD for member brokers
The British Insurance Brokers’ Association (BIBA) has formed an agreement with the Government’s Export Credits Guarantee Department (ECGD) to provide general insurance brokers with...
Aviva critical illness cover pays out nearly 95% of claims
The average payment was more than £89,000, an increase of £10,000 compared to 2009 (£79,000).
In addition to CI claims, the company also paid out...
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