Home loans are something that a lot of people dream of having so that they can own their own home. When most of us dream of owning our own home we never fathom that we could get into a position where we are unable to pay our mortgage and run the risk of having our [...]
In case of unfortunate death of the insured person, during the insured period, the nominees get the sum assured. This policy is attractive because of the low premiums payable on it. In case the policy holder survives the tenure of the policy, there is no payout by the insurance company. And the policy is closed, [...]
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 [...]
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, [...]
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 [...]
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 [...]
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-”to White Mountain Insurance Company (White Mountain) (Burlington, VT). The outlook assigned to both ratings is stable.
The ratings reflect White Mountain’s excellent capitalization, solid underwriting and overall operating performance and conservative operating strategy. The rating also considers [...]
The downgrade means some of the risks taken on by Radian Asset Assurance will be re-captured by customers. That means the unit will need less capital to support its remaining obligations, Radian explained.
Mortgage insurers are under pressure as slumping house prices increase claims. That’s sparked concern that some companies in the business may have to [...]
YOUNG people risk paying more for health insurance if they opt out of private cover to take advantage of Medicare reforms and decide later to return to the private system.
In tomorrow’s budget, 2 million people will be exempt from a Medicare surcharge of at least $600, prompting Australian Health Insurance Association chief executive Michael Armitage [...]
Leading economist Henry Ergas said the increase would reduce the number of healthy people taking out private health insurance, leaving the insurers with a customer base of older and high-risk members.
“It wouldn’t take much change in the size of the pool of new customers, if you got a deterioration in the composition of their risk, [...]
