Archive for April, 2011
Bin Laden’s Death Does Not Change Terror Threat Level
The news of Osama bin Laden’s death has many vacationers comparing travel insurance to protect the excursions they planned. Some people feel the military action taken by the U.S. will inevitably lead to some form of retaliation, increasing some people’s fear of travel. Even after the announcement of his death, the terror thread level has [...]
Aviva on Irish alcohol consumption
New research from Aviva Health Insurance reveals that Irish people are spending almost €2,000 per year on alcohol, with men typically spending €2,395 and women €1,607. According to the study, men are consuming an average of 15 alcohol units per week and women an average of nine. The insurer suggests that while this is below [...]
US Travel Warning for Mexico
Travel insurance can protect a vacation investment if it has to be cancelled or interrupted for a reason that is written in the policy. Most of the time this is because of a sickness, injury or death of a traveler or family member, but many other unforeseeable circumstances can apply as well. A recent expanded [...]
Insurance Filings Modernization Initiative 4/21 Interim Report Posted
The New York State Insurance Department posted an [interim report] of the Insurance Filings Modernization Initiative on April 21. The specific recommendations this report discusses that are particularly relevant to life insurers are: the updated [product outlines]; the use of SERFF for post-approval reviews; significant contact with the industry (See our for information on the [...]
Ombudsman points to rise in small claims
Consumers have been fighting for financial compensation for increasingly small sums, indicating a growing reluctance to accept poor deals and service. The Financial Ombudsman Service (FOS), which deals with unresolved disputes between financial service providers and customers, says it has seen a jump in the number of cases involving involving sums as low as £500. [...]