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, [...]
All insurers require customers to pay the first part of any claim – usually ￡50 or ￡100 – to weed out trivial and frivolous claims. However, some customers are finding there is a sting in the tail: premiums can rise sharply at renewal simply because they have had the temerity to make a claim.
The figures [...]
Last week brought both good news and bad for senior citizens. The good news was that government made a number of amendments to the Budget proposals to rein in inflation and since the old are among the hardest hit by inflation, that was undoubtedly good news.
The bad news was senior citizens will have to wait [...]
As the premiums for motor insurance remain unchanged, there are some risk-underwriting firms which still show reluctance, albeit occasionally, to Group Dental Insurance provide motor cover in violation of rules.
According to sources in the insurance industry, people with complaints about companies not renewing motor insurance policies are often those whose vehicles have been involved in [...]
ROYAL Bank of Scotland risks triggering fund-manager opposition if it goes ahead with a mooted idea of selling its insurance arm as well as an expected rights issue worth between ￡10 billion and ￡12bn, experts said yesterday. The fear that asset sales at RBS might include the profitable insurance business in order to boost [...]
April 6 may have been a Sunday, but it was a big day for UK business. Although chief executives
and directors may have spent a relaxing day away from the office, their companies could find
themselves on the receiving end of a string of new prosecutions for fatal accidents that occur in
the work place as a result [...]
The Massachusetts state pension fund cannot and should not start a bond insurer, executive director Michael Travaglini said on Monday.
Travaglini, who oversees the $52 billion Pension Reserves Investment Management Board, Business Property Insurance said pension funds should not be in the business of insuring securities as California Treasurer Bill Lockyer has proposed.
Lockyer last month said [...]
Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which forecasts that South Africa’s long-term insurance market is expected to show a 12% annual growth rate in the period 2007-2012.
The report Group Dental Insurance, “South African Insurance Industry Forecast till 2012” also finds that the S.A. short-term [...]
Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which forecasts that South Africa’s long-term insurance market is expected to show a 12% annual growth rate in the period 2007-2012.
The report Group Dental Insurance, “South African Insurance Industry Forecast till 2012” also finds that the S.A. short-term [...]
