Insurance For You

PIP reform passes in Florida; will it be effective?

March 12th, 2012

Gov. Rick Scott got the legislation he wanted to reform Florida’s mandatory motor vehicle no-fault law and crack down on the abuses in personal injury protection cases that has led to skyrocketing increases for coverage. Whether the new measure will be effective remains to be seen.

The measure passed on a 22-17 vote in the Senate after some heavy duty lobbying by Scott and others on Friday before lawmakers adjourned at the stroke of midnight.

“I think it’ll make a big difference in cutting down on fraud,” Sen. Joe Negron said Saturday. Read more…

Tags: Florida, Florida Effective

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Renters Insurance For High Income Earners

March 8th, 2012

Renters’ insurance cover was meant to target all classes of tenants, from the low income earners to high income earners. The type of plan you decide to go with will be connected directly to the amount of money one has or the salary they earn per month. How one will be compensated will also depend on the type of plan they have purchased. Choosing the right tenants’ indemnity plan in Louisiana as a high income earnerwill be the key to ensuring you get the best compensation you can get.

There are two types of renters insurance; the actual cash value and the replacement cost value. The Read more…

Tags: Renters Insurance

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Confused.com reveals UK households wasting £1.7 billion by not switching home insurance providers

March 5th, 2012

According to the latest Confused.com research, which surveyed homeowners attitudes to switching insurance providers, 73 per cent stated that they have home insurance, but a surprising 34 per cent said they had never switched home insurance provider.

In fact, 70 per cent said they had been with the same provider for two years or more, potentially missing out on an average saving of 95.26*** per year just by switching home insurance providers.

Read more…

Tags: Home Insurance, Insurance Providers, Providers

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Landlords urged to follow ‘golden rules’

March 2nd, 2012

New landlords have been encouraged to follow the “golden rules” of letting out a property if they do not want to be left with a poor asset filled with bad tenants.

LettingFocus.com said that landlords should be “very careful” when it comes to choosing the right tenants for their property, before advising thorough reference checks.

David Lawrenson, private rented sector expert at the organisation, noted that people looking to become a landlord should consider where they are buying a property that they intend to rent.

“The key thing is choosing an area and choosing a type of property – particularly look out for any areas of oversupply,” he said.

Mr Lawrenson explained that landlords should pick an area which offers a strong economy and where there is a very strong demand from prospective tenants.

A Platform study recently revealed that a fifth of its recent buy-to-let business has come from accidental landlords – where homeowners choose to rent their existing property instead of selling it when they are looking to move to a new home.

See if you can save money on your landlord building insurance with Discount Landlord’s competitive rates.

Tags: Follow, Follow ‘golden

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Finalists revealed: UK Claims Excellence Awards 2012

February 27th, 2012

Find out who is in the running to scoop a claims award this year

Insurance Times is pleased to announced the shortlist for the 2012 UK Claims Excellence Awards.

The finalists in each category are as follows:

 

Claims Technology Initiative of the Year

RSA

Liberty Syndicate Management

XL

LV=

Fraud Prevention Initiative of the Year | Sponsored by Clyde & Co

Legal & General Insurance

AXA Insurance Commercial Lines

Zurich Financial Services

Hastings Direct

Broker Customer Care Initiative of the Year | Sponsored by ACE European Group

Knowlden Titlow Insurance Brokers

R K Harrison Insurance

Moneywise Investments Plc

 

Insurer Customer Care Initiative of the Year

RSA [Pet Operations]

LV=

RBS Insurance

RSA [Personal Motor Claims]

Claims Training Initiative of the Year | Sponsored by Merlin

RSA

Liberty Syndicate Management

XL

LV=

Motor Claims Initiative of the Year

The Brownsword Group

Provident Insurance

Chartis Europe

Hastings Direct

Outstanding Claims Management Team of the Year

Gelder Group

Davies Group

QuestGates

Tesco Underwriting

Merlin

Outstanding Broker Claims Team of the Year | Sponsored by Ageas

Keelan Westall / Cadogan Keelan

Lockyers

Simply Business

Romero Insurance Brokers

Outstanding Insurer Claims Team of the Year | Sponsored by Xactware

AXA Personal Lines – The Lifestyle Claims Management Team

Sterling

LV=

Chubb Insurance

AXA personal Lines – Direct Motor Claims Claimant Team

Outstanding Broker Individual of the Year: Personal Lines | Sponsored by AXA Personal Lines

To be announced shortly

Outstanding Broker Individual of the Year: Commercial Lines

To be announced shortly

 

Outstanding Insurer Claims Individual of the Year | Sponsored by AA AutoWindshields

AXA Commercial Lines – Graham Plumb

AXA Personal Lines – Malcolm Fletcher-Jones

LV= – Helen Crosbie

 

Congratulations to all of our finalists. The

Read more…

Tags: 2012, Claims Excellence, Claims Excellence Awards, Excellence Awards

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