Did you know that some insurance companies will reduce their storm deductible from 10% to as low as 5%, or even 3%, if you implement a hurricane plan and save your boat from damage? 10% of your boat’s value as a deductible is a big number, so it pays to risk manage your storm exposure.
So what is a hurricane plan? Well, it should be unique to the type of boat, its location and the severity of the forecast. But here are some general guidelines you can follow to help save your boat from damage:
1. If it is practical to get your boat out of the water and moved to higher ground, you should do so. R Full Article…
Consumers normally do not consider switching their home insurance provider as much as they would probably for motor insurance. When the expense of the insurance policy for their property is typically a whole lot less than that on their own car they think that it is probably not worth the hassle of comparing prices.
Home insurance firms realize this fact, hence the monthly premium of your insurance policy increases slightly annually, not a large enough rise to encourage you to consider changing company, but merely a sufficient amount to make certain that your house insurance corporation’s revenue goes up every single year. Full Article…
There must be a clear-cut understanding of the subject of automobile insurance so that you are able to take maximum benefit form the task. You should also know about certain tips and basic requirements to locate cheap automobile insurance for your car so that you are able to enjoy valid protection of insurance coverage at a reduced cost. In gaining the right information, you should take the support of internet through rate quotes from different insurance companies and agencies that deal with the subject. There are agencies that offer at least five lowest rate quotes in this field from reputed insurance companies for the benefit of consumer. Full Article…
Allianz Re’s agriculture team is developing remote sensing technology augmented with radar to help it better assess risk for crop insurance.
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The technology, developed in conjunction with Swiss mapping firm Sarmap, can convert satellite images into data material of considerable informational value, irrespective of weather conditions and the time of day, Allianz says.
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Life Insurance Life insurance income. When we think of life insurance we tend to focus on lump sum cash payments upon the death of the insured. Are you aware that there are alternatives? Did you know that the proceeds of your policy can be distributed in income form instead of a lump sum? Yes, life insurance income payments is a viable alternative. Would you prefer to have payments to your loved ones made in the form of an income? I have seen lump sum life insurance payments to beneficiaries put to good use but I also have seen situations where this large payment upon death serves no worthwhile purpose.
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WASHINGTON BUREAU — The American Council of Life Insurers (ACLI) is calling for Congress make sure the new Federal Insurance Office (FIO) has enough funding to help U.S. insurers compete in the international insurance marketplace.
House budget cutters have been fighting for smaller government.
The ACLI, Washington, believes the FIO “needs to be fully staffed and funded” to do its job, ACLI General Counsel Gary Hughes said today at an insurance oversight hearing organized by the Insurance, Housing and Community Subcommittee of the House Financial Services Committee.
Despite the existence of a strong state-based insurance regulatory system in the United States, “there is a pressing and immediate need for the FIO to engage in the representation of U.S. nationa Full Article…
Global spending on IT by the wealth management industry will top $32 billion by 2015, a growth rate of 6.5 percent over a five-year period, according to new findings from Ovum, the business and technology analyst group.
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Nasdaq has advised Life Partners Holdings Inc. that the company must provide a plan for regaining compliance with Nasdaq filing rules by Aug. 1 or face the possible loss of its listing.