Archive for March 2008

FSA Looks For More More Commercial Insurance Transparency

Mar 23rd, 2008 | Category: Insurance Today

The FSA (Financial Services Authority) is considering options including the mandatory disclosure of broker commissions to solve continued concerns over conflicts of interest and transparency in the Commercial Insurance market. The FSA has been looking at broker fees for more than a year, but a report in December found rules forcing insurance brokers to be […]

Insurance can offer some tax benefits

Mar 23rd, 2008 | Category: Insurance Today

NEW YORK – For many people, the first thought that comes to mind when they think of insurance is costly premiums. But as April 15 approaches, remember that some insurance products come with tax advantages that can save you money. Consider these five insurance tax reminders by the non-profit Life and Health Insurance Foundation for […]

Homeowners insurance rates soar

Mar 23rd, 2008 | Category: Insurance Today

Between 2001 and 2005, homeowners insurance rates in Alabama jumped by 69.1 percent — the second-largest rise nationally — pushing the state’s average premium for the most common kind of homeowners insurance well above the national norm, according to figures from the National Association of Insurance Commissioners.    Only Minnesota, with a 70.3 percent increase, was […]