Owner of stolen horse won’t abandon insurance claim

Steve Smedley says there have been no sightings of the horse since it disappeared from Honeymoon Gap in January.
He says he’s convinced the horse was stolen despite having no evidence to prove his claim.
“We hope that we might find him but after several months on motorbike and helicopter and sort of looking through there and [...]

Britain’s first sharia-compliant insurance firm launched

Britain’s first sharia-compliant insurance company was launched Monday, offering motoring policies in line with the Islamic legal code.
Salaam Halal insurance uses Takaful principles, whereby the risk is spread between all policy holders. In contrast, conventional insurance policies shift the risk from the policy holder to the insurance firm.
People taking out a policy with Salaam Halal [...]

Insurers so far not thrilled with state insurance plan

The invitation to bid went out to insurance carriers in Florida but it doesn’t appear they are chomping at the bit.
That’s in stark contrast to the fanfare given this past spring to legislation lauded by Gov. Charlie Crist called Cover Florida, to provide low-cost insurance plans to the uninsured.
“The (coverage) mandates are what drive the [...]

NH Insurance Dept Track tornado tree damage

People facing downed trees on their houses or in their yards from Thursday’s tornado could face some hefty bills.
“I would advise people to call your insurance company and take some pictures,” he said. “Don’t hold up, at least on the emergency repairs. Do the emergency repairs right away.”
Sevigny said if a tree hits a car, [...]

Massachusetts doctors challenge liability insurance analysis

A recent study tracking declining medical liability insurance premiums in Massachusetts fails to tell the whole story, physicians say.
The report analyzed data between 1975 and 2005 from the state’s largest insurer, ProMutual Group. It found that although average rates for high-risk specialists such as ob-gyns, neurosurgeons and some orthopedic surgeons increased significantly since 1990, those [...]

Life insurance may cost more

The good news is the company is likely to absorb that cost in its general insurance line of business.
“The premium tax increase is likely to result in an increase in insurance premiums to the consumer for new policies sold after the tax comes into effect.”
“I don’t think that will cause companies to automatically say we [...]

Bahrain’s Solidarity holds seminar for insurance

Solidarity Group, a member of the Ithmaar banking group and one of the largest companies in the world, hosted a seminar for 40 insurance brokers of the Kingdom.
The one-day seminar was organised by Solidarity Family Takaful to present insurance brokers with an overview of Solidarity Family Takaful’s vast range of medical insurance products and services.
Gopi [...]

Ky. City Requiring Insurance For Some Dogs

Pit bulls and other potentially dangerous dogs must now have insurance coverage in case of a violent attack, officials in Newport, Ky., say.
New city regulations passed by the city council require such dogs’ owners to obtain insurance coverage, as well have microchips implanted in their pets to provide the owner’s personal information, The Cincinnati Enquirer [...]

Seminar on insurance

Solidarity Group hosted a seminar for 40 insurance brokers from around Bahrain.
The one-day event, held at the Elite Suites, Seef District, was organised by Solidarity Family Takaful to present insurance brokers with an overview of Solidarity Family Takaful’s vast range of medical insurance products and services.
Family takaful general manager Gopi Rao delivered the presentation on [...]

State Farm seeks huge rate increase on homeowners insurance

State Farm Florida Insurance Co. is seeking a 47.1 percent rate increase in homeowners insurance policies in Florida.
“We simply must be able to charge the rates to cover our expected costs,” she said.
State Farm is the largest home insurer in the Jacksonville metro area, with 108,763 policies as of the end of 2007. That represents [...]