Sep 302016
 
Broking Break: Your top five of the week

GRP acquisition led the way for reader interest this week coming in at the top spot. Brokers were also keen to find out more about Enterprise’s parent company which called for administrators and the FCA power outage. The Financial Conduct Authority (FCA) has confirmed that its systems have been hit by a “major IT incident”. According to a statement this has affected a number of its systems which are currently unavailable. On the afternoon of Friday 23 September a statement on the FCA’s website read: “We are working with our suppliers to restore services as soon as possible. Later […]

Sep 302016
 

Car insurance is an added expense over and above the considerable expense of owning and maintaining a car, particularly when you consider all the other types of insurance that are necessary in today’s world, so it is only natural to want to get cheap car insurance without compromising on coverage. Luckily, cheap car insurance is well within your reach, provided you know how to get it. The Internet is the best place to start when shopping for cheap car insurance. Insurance companies are now geared to provide you with a quote online but you will still need to shop around […]

Sep 292016
 
Losses in China from Typhoon Meranti between $650 million and $4.3 billion U.S.

Losses in China from Typhoon Meranti between $650 million and $4.3 billion U.S. Called the Staff on September 29, 2016 Industry-wide insured losses from hurricane Meranti–which hit mainland China and Taiwan last week, are likely to range between USD 650 million (CNY 4.3 billion) and USD 1.15 billion (CNY 7.7 billion), according to Catastrophe modeling firm AIR Worldwide. The wide range in the modeled insured losses reflects uncertainty in the meteorological parameters associated with this event. There is additional uncertainty in the take-up rates (insurance penetration) for much of the region. “It was the strongest storm in the world this […]

Sep 292016
 

Finding the right auto insurance policy is like finding a needle in a haystack. Some are cheap but dont give you enough coverage while other give you maximum coverage but cost so much that you cannot possible afford it. It is a very stressful process trying to find the right policy to cover you but at the same time not draining your wallet. The first step you should do is to eliminate the smaller brand name car insurance companies out there as they do not have the resources to possibly cover their expenses and still give you an affordable rate. […]

Sep 292016
 
In-depth - e-trading: Up and downs of IT

Technology has made life easier and cheaper for brokers but, as recent news has highlighted, there can be a downside to the digital revolution, reports Sam Barrett Go back 30 years and most brokers wouldn’t even have had a PC in their office let alone access to an e-trade platform. But today, the ability to trade electronically has helped to foster considerable innovation in the broker space. The reliance on e-trade by brokers was only highlighted by the problems experienced by SSP users who were unable to work when the Pure platform suffered an outage. Just how much broking has […]

Sep 292016
 

Low cost car insurance rates is a requirement not only by law but necessity must have for all automobile drivers, to cover them in case of accidents, theft or fire to their automobile. Certainly, there are a lot of methods that should guarantee that you get a low cost auto insurance rate with the right coverage you are looking for. Below I outline some of the factors and tips that may help you to find low cost insurance rate in your area. Extensive research has shown that individuals who are over the age of 25 usually have fewer accidents in […]

Sep 282016
 
Changing climate is raising forest fire risk

Changing climate is raising forest fire risk Warming climate will contribute to a 50 per cent increase in large fires. Bruce Cheadle, The Canadian Press on September 28, 2016 A new government report says that by the end of this century a changing climate is expected to at least double the area burned each year by forest fires in Canada. The 2015 annual forest assessment by Natural Resources Canada says a warming climate will contribute to a 50 per cent increase in large fires, new tree diseases and more insect infestations. “Climate change is gradually imposing an increasing trend on […]

Sep 282016
 

There are so many insurance policies, insurance policies come in different prices, features and benefits.The truth is you can’t possibly choose to purchase every insurance policy, you should streamline your choices to mandatory insurance policies. It’s quite easy to know which insurance coverage is mandatory; all you have to do is ask yourself this important question… “What is the most important thing to me?” This is an important point to consider, there is no point insuring something that is of no importance to you. The protection of assets that matter to you is expedient in the establishment of a solid […]

Sep 282016
 
Arrive Alive Drive Sober releases new video

Arrive Alive Drive Sober releases new video IImpaired driving fatalities on Ontario roads in the past year led to video. Staff on September 26, 2016 Arrive alive DRIVE SOBER has partnered with York Regional Police on a new public service announcement entitled “Consequences”, following several particularly tragic impaired driving fatalities on Ontario roads in the past year. The Neville-Lake family in Vaughan lost their three children and the children’s grandfather when their vehicle was hit by an impaired driver; the Van De Vorsts tragedy in Saskatoon involved the deaths of both parents and their two children who were killed by an impaired driver; and the […]

Sep 282016
 

There is always a possibility that insurers take advantage of policyholders’ failures to understand their rights and use their lack of knowledge for improper business conducts. There are at least 10 basic things policyholders or auto insurance applicants should be aware of as follows. 1. When an insurer denies an application, the company has the obligation to inform applicants about the reasons. Most states require a company to provide explanation about why an application does not go through for approval. Consumers have the rights to ask for review, corrections, and appeal. 2. Auto insurance companies cannot stop consumers from canceling […]