Monthly Archives: February 2010

End of The Line For Insurance Mergers & Acquisitions?

There is conflicting evidence as to whether the UK Insurance M&A Market is contracting. Certainly it looks like some of the much bigger UK Insurance boys are up for sale! We sent our Insurance Newshound Kris Oldland out to find out who is up for grabs; and just what is going on in the UK Insurance Mergers And Acquisitions Markets? UK Insurance Mergers and Acquisitions: Rumours round up! First up is Insurer Provident, who are looking good for acquisition after having had their long-term counterparty credit and insurer financial strength ratings upped from stable to positive and affirmed at BB+ by ratings agency Standard & Poor Continue reading

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Ooh Yes! Churchill The Car Insurance Dog Soft Toy Outsells The Meerkat

The holding company of Churchill Insurance, RBS, whose future remains in doubt, must be pleased as punch to learn that sales of the Churchill nodding dog soft toy were ten percent higher than those of rival car insurance comparison website Compare the Market over the christmas period, according to figures released today from the Association of British Toy Distributors. Buy The Churchill Dog Before they all go barking mad down at Churchill, it should be pointed out that the figures relate to sales of the bulldog stuffed toy against those of Alexsandr Orlov the Compare The Meerkat main character. Alexsandr Meerkat was only available through Harrods and supplies were restricted according to Benja Katya who runs the online Meerkat Toy Store in partnership with Amazon. Continue reading

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Do I Have to Disclose Private Information if I Have a Claim?

If I had to cancel my trip, will your trip cancellation plans give me back all the money I’d lose for my airfare, cruise, excursions & hotel costs with no questions asked? I guard my privacy and I won’t disclose personal information Continue reading

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Insurance Marketing : NewTools For A Modern World

When the World Wide Web opened up the Internet for everybody nearly twenty years ago, one of the phrases that was bandied about at the time was that this new ‘Information Superhighway’ would be a level playing field where small could shout as loud as large. This caused an initial flurry of activity by prescient insurance companies and a few savvy brokers, who bit the bullet and jumped into Internet Insurance transactional business, prior to the dot-com boom. Continue reading

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Euro On The Point Of Collapse – Victim Of A Trojan Horse?

If the Franco-German alliance fails to bail out the Greek debt then the Euro will most certainly collapse! Mass Devaluation. Cheap Holidays in the Sun! Suddenly Europe will not be worth half as much as it was! Worse still for the Euro Bankers is the fact that the amount of Greek debt appears unquantifiable due to some smart bookeeping by the previous conservative government who were incumbent for most of the credit crunch and the subsequent recession Continue reading

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UK Insurance Regulation Is Changing The Face Of The Market

In 2005, two years before the credit crunch, the British government imposed far reaching financial and structural controls over the UK Insurance Market by bringing the sale of General Insurance into the controlling hands of the Financial Services Authority, the FSA. Legal regulation and authorisation for the first time of the sale of UK personal lines and commercial risks. Anyone large or small who wishes to market and sell the majority of insurance products in the UK must be authorised and regulated by this very large Quango. Continue reading

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Don’t Renew Your Car Insurance Until You’ve Read This!

If like me you’ve recently had you car insurance renewal documents land on your doormat, you might be in for a very unpleasant financial surprise! How Much!! You’ve got to be joking!! Nothing had changed as far as I was concerned, the car is the same, the road I live in is the same, I still do the same job – the risk hasn’t changed at all. The only difference is that I’m one year older and I thought cover was supposed to get cheaper the older you got! So what can you do to avoid the rate hikes? I asked my friend and underwriting expert Dave Healey for some advice. Here’s what he said… Continue reading

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Don’t Renew Your Car Insurance Until You’ve Read This!

If like me you’ve recently had you car insurance renewal documents land on your doormat, you might be in for a very unpleasant financial surprise! How Much!! You’ve got to be joking!! Nothing had changed as far as I was concerned, the car is the same, the road I live in is the same, I still do the same job – the risk hasn’t changed at all. The only difference is that I’m one year older and I thought cover was supposed to get cheaper the older you got! So what can you do to avoid the rate hikes Continue reading

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More Children Receiving Health Insurance Benefits

Yesterday marked the one year anniversary for the signing of Children’s Health Insurance Program Reauthorization Act (CHIPRA) by President Obama. Continue reading

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Illinois Supreme Court Overturns Ruling on Medical Malpractice Caps

The Illinois Supreme Court overturned a medical malpractice law on Thursday which was met with quick opposition from health care providers. Continue reading

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