Archive for July 2008

The Franchise in Auto Insurance

Jul 31st, 2008 | Category: Insurance Today

The franchise can be considered as a unconditional obligation from the insurance company to compensate at own expense a part or the caused losses in the set cases and in the set size. The franchise in auto insurance can be conditional and unconditional. In the case when the contract sets insurance with an unconditional franchise […]

Alberta drivers face auto insurance hikes

Jul 31st, 2008 | Category: Insurance Today

Albertans will learn today whether they’ll shell out more for auto insurance, after proposals to hike premiums as much as 37 per cent were made to a panel deciding what drivers should pay. Premier Ed Stelmach said Wednesday he expects the province’s Auto Insurance Rate Board will take a “very pragmatic, responsible approach” and shy […]

Insurer Issues Bike Theft Warning

Jul 31st, 2008 | Category: Insurance Today

Britain’s cyclists should face up to the theft risks inherent in bike ownership, a home insurance provider said today. Sainsbury’s Bank has released new bike theft data, showing that 1,208 cycles are stolen every day in the UK. A surprisingly large proportion – 16 per cent – of these cycles was found to have been […]

N.C. Department of Insurance OKs hike in mobile home rates

Jul 31st, 2008 | Category: Insurance Today

The state’s insurers will be able to increase rates for mobile home insurance, though not as much as they’d hoped, the North Carolina Department of Insurance said Friday. The hikes, which go into effect Dec. 1, are the first ones approved in the state in more than a quarter-century. They also vary by area. The […]

Insurance Payments Fall Short of Repair Costs after Tennessee Tornado

Jul 25th, 2008 | Category: Insurance Today

Tennessee officials razed fairgrounds bleachers damaged by a tornado in Clarksville, Tennessee. Parks and Recreation Director Kevin Cowling said the tornado on May 3 moved parts of the concrete bleachers 2 inches. A structural engineer determined they were unsafe. City chief of staff Jim Durrett said the city received $8,000 in insurance for the damage […]

Covering mortgages with insurance

Jul 18th, 2008 | Category: Insurance Today

Q: I have a three-year employment contract and have just secured my first mortgage for a new villa in Dubai. However should the contract not be renewed how would I manage to make my mortgage payments till I find another suitable position?  A: Payments towards a mortgage are usually the highest expenditure from your salary […]

Insurance candidate wants better child coverage

Jul 10th, 2008 | Category: Insurance Today

North Dakotans who have incomes twice as high as federal poverty guidelines should be eligible for government health insurance for their children, the Democratic candidate for insurance commissioner says. Jasper Schneider, who is a state representative from Fargo, said Tuesday that the change would add 3,300 children to the Children’s Health Insurance Program, which is […]

Sex, Drugs and Insurance

Jul 10th, 2008 | Category: Insurance Today

The normally voluble Senator John McCain found himself at a loss for words Wednesday when he was asked aboard his campaign bus on its way to Portsmouth, Ohio, whether he thought it was fair that some health insurance companies covered Viagra but not birth control. “I don’t usually duck an issue,” he said, “but I’ll […]