Archive for 'Insurance Information' Category
FOS clarifies marine insurance issues
The Financial Ombudsman Services (FOS) has issued a technical note covering some of the issues that arise in relation to complaints involving marine insurance policies. The Service says it deals with around 100 complaints involving small craft each year and that in most cases the insurer has refused (or restricted) a claim on the basis [...]
Zurich To Buy Santander Latam Insurance Ops: 3rd Update
ZURICH –Zurich Financial Services AG Tuesday underlined that it is expecting future growth to come from emerging markets, as it entered a deal worth up to $2.09 billion to buy a majority stake in Banco Santander SA’s insurance operations in Latin America. The deal gives Zurich Financial access to the Spanish bank’s network of 5,600 [...]
Neighbourly mishaps cost £246m a year
Homeowners are being hit for damages totalling £246m every year due to neighbourhood botches, according to Direct Line. The insurer’s research has found that neighbours cause a wide range of woe, from smashed windows and severed electricity supplies to flooding. During the last five years, 9% of homeowners have suffered damage at the hands of [...]
Aviva freezes with-profits bonus rates
Two million Aviva with-profits policyholders will have their annual bonuses frozen but will benefit from a rise in final bonus rates, following a 12 per cent increase in the value of its main fund in 2010. The regular bonus rate for Aviva’s new business bonds will remain at 2.75 per cent and the regular bonus [...]
Egypt protests: Q&A on travel insurance
If you have booked a holiday to Egypt or another Middle Eastern country, then what are your travel rights? Is your travel insurance valid? What has the foreign office said about travel to the region? The foreign office has advised against all but essential travel to Cairo, Alexandria, Luxor and Suez. However, this advice does [...]