Financial Pacific Insurance Co. has launched a business owners program (BOP) for appointed agents in California. Agents are able to quote restaurants, apartments, mobile home parks, self storage facilities, retailers, offices and lessor’s risk accounts with the company’s online rater. A coverage extension endorsement provides additional coverages, such as extended business income, newly acquired business [...]
Linda Carruthers tries hard to be responsible, to do the right thing, to stay insured.
But the 62-year-old widow in Upper Dublin recently found out her health-insurance premiums will rise more than 45 percent in January, from $6,384 to $9,336 a year.
“How do you justify raising premiums 45 percent in January 2009?” she e-mailed her [...]
More than 16,000 Oklahomans might have to pay higher premiums for flood insurance. A federal report recommended an overhaul of the program that determines those rates.
Between 1978 and 2007, residents in Oklahoma received $25.6 million more in claims than they had paid.
In that time, the state had seven years in which flood claims exceeded premiums [...]
When Palm City residents John and Linda Taylor purchased insurance for the home they were getting ready to rent out, they assumed it would cover the same things their previous policy did.
One broken water hose and $5,000 later, they discovered it didn’t.
“The agent I bought the policy from had never even seen it,” Taylor said.
The [...]
WASHINGTON, Dec 4 (Reuters) - An idea floated by some economists to encourage home buyers to purchase home price insurance would be costly in the current market, U.S. Federal Reserve Chairman Ben Bernanke said on Thursday.
“In the current environment … that would be a pretty expensive premium to buy,” Bernanke said in response to [...]
New Delhi, Dec. 3 The Insurance Regulatory and Development Authority (IRDA) is pitching for consolidation in the Indian insurance industry.
The IRDA Chairman, Mr J. Hari Narayan, said today that the regulatory authority was working on guidelines for mergers and acquisitions (M&As) in the insurance sector.
“There is a need to evolve M&A guidelines. Given what [...]
COLTS NECK — Police today charged a township man with setting his house on fire earlier this
month in an attempt to collect more than $1 million in insurance money.
Michael Cilone, 59, was arrested today by Detective Sgt. Joseph Whitehead. Cilone was charged with aggravated arson and insurance fraud.
Cilone set a fire that destroyed his Iroquois [...]
Homeowners soon will see higher rates under North Carolina beach insurance plan
RALEIGH, N.C. (AP) — Property owners in 18 coastal counties soon will pay more for insurance premiums through a state-sanctioned program in a decision that could help narrow any unfunded liabilities should a monster hurricane hit North Carolina.
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Leaders of the so-called “Beach Plan” [...]
(Money Magazine) — If you’re struggling to see a silver lining in the beaten-down real estate market, consider this one: It may be a rotten moment to sell your house, but if you’ve postponed a much needed renovation project on your home - replacing a rotting deck, repairing a leaky roof or updating an antiquated [...]
Post Office said that its contents insurance automatically increases the level of cover at no extra cost during major celebrations such as Christmas to ensure that any gifts or extra valuables in your home at this time are covered.
The company said that the new customers can now claim GBP50 cashback when taking out a combined [...]