Car Insurance Bulletin » insurer’s

Life Insurers ! U r Cheaters!!

admin — Mon, 14 Jun 2010 04:04:38 +0000

All the life insurance companies have cheated millions of people by selling the wrong policies.They have sold the policies which were beneficial for their companies only.They have played like a shrewd a salesman.Instead of selling the real life insurance policy which is TERM PLAN only they have sold investment plans to the people who were more in need of TERM PLAN only.Consequently people remained under insured and Life insurance companies went on gathering and millions of Rupees .This is THE CHEATING.

OSFI head tells insurers to prepare for regulatory changes

admin — Fri, 30 Apr 2010 14:05:37 +0000

OSFI head tells insurers to prepare for regulatory changes
The insurance industry was largely spared the financial fallout from the credit crisis, but that doesn’t mean they will be spared the regulatory fallout, according to Julie Dickson, Superintendent of Financial Institutions.

Life insurers register 25% growth in 2009-10

admin — Tue, 27 Apr 2010 16:05:22 +0000

Life insurers register 25% growth in 2009-10
The domestic life insurance industry has seen a sharp recovery by recording a growth of 25% in 2009-10 against deceleration of 6% registered in 2008-09. The 23 life insurers have mobilised a first year premium of Rs 1.09 lakh crore in 2009-10 compared to Rs 87,108 crore in the previous year.

State-owned general insurers look to shape up

admin — Wed, 31 Mar 2010 09:06:20 +0000

State-owned general insurers look to shape up
As part of a drive to curtail losses, the four public sector general insurance companies are going in for a makeover.

Insurer’s Participation In Settlements

admin — Tue, 23 Mar 2010 07:04:30 +0000

Insurer’s Participation In Settlements
Trinity Outdoor, LLC v. Central Mut. Ins. Co., 285 Ga. 583 (2009). In Trinity Outdoor, on a certified question of law from the Northern District of Georgia, the Georgia Supreme Court found that, prior to bringing a claim against the insurer for negligent or bad faith failure to settle a case, a judgment must be entered against the insured in excess of the policy limits.

Freezing spell costs insurers £650m

admin — Thu, 11 Mar 2010 19:09:01 +0000

Freezing spell costs insurers £650m
Insurers paid out £650 million in weather-related claims as the UK suffered the coldest winter for 30 years, a trade body has said.

Insurers View Growth Pronouncements with Bemused Realism

admin — Mon, 22 Feb 2010 22:12:27 +0000

Insurers View Growth Pronouncements with Bemused Realism
The mood at Celent’s 2010 CIO Roundtable was relatively hopeful, with executives and analysts expressing cautious optimism that the insurance industry is ready to move beyond crisis and retrenchment.

You bet your life: health insurer’s cheap DNA test could prove costly

admin — Wed, 17 Feb 2010 22:07:33 +0000

You bet your life: health insurer’s cheap DNA test could prove costly
The insurer NIB has begun offering its customers cut-price genetic tests which could unwittingly expose them to higher premiums or even leave them unable to get life insurance or insurance payouts.

Aviva, Swiss Life Lead European Insurers Lower on Bond Concern

admin — Wed, 10 Feb 2010 15:05:30 +0000

Aviva, Swiss Life Lead European Insurers Lower on Bond Concern
Aviva Plc, Legal & General Group Plc and Swiss Life Holding AG led a decline in European insurers amid concern holdings of corporate and government debt may threaten the companies’ capital as state finances worsen.

Indian Insurers May Pump Record $21 Billion in Nation’s Stocks

admin — Mon, 08 Feb 2010 08:04:39 +0000

Indian Insurers May Pump Record $21 Billion in Nation’s Stocks
Feb. 8 (Bloomberg) — Indian insurance companies may increase investments in the nation’s stocks by 24 percent to a record $21 billion next fiscal year as premium collections rise, according to India’s largest private insurers.