Archive for January 2010

Oxford residents should see savings in insurance

Jan 31st, 2010 | Category: Insurance Today

(The Oakland Press) – Improvements to the Oxford Fire Department may pay off in real dollars for homeowners in both the village and the township. “It’s very much something to be proud of,” said Peter Scholz, chief of the fire department. The fire department got its ISO rating lowered from a 9 to a 3 […]

Bank insurance levy gaining support at Davos

Jan 31st, 2010 | Category: Insurance Today

(BBC NEWS) – Politicians and bankers have expressed support for the idea, while the International Monetary Fund (IMF) has described it as “practical”. The levy would go into a fund which could be used to bail out the banks instead of taxpayer money. Governments across the world have spent billions of dollars saving banks. ‘Rescue […]

Admiral seals reinsurance deals for its new Elephant car insurance in USA

Jan 18th, 2010 | Category: Insurance Today

(Proactiveinvestors) – FTSE100 insurance group Admiral (LSE: ADM) has signed re-insurance contracts for its new car insurance operation in the United States, Elephant Insurance. German based re-insurance specialists Munich Re and Hannover Re will jointly take 60% of the risk through a quota share reinsurance agreement. Admiral also extended a number of European reinsurance contracts […]