Insurance costs rise for Sealand’s flood plain residents
Flintshire Chronicle, UK Cllr Norman Jones said some insurance companies calculated prices according to when the property had last been flooded but others put prices up as soon as they heard the postcode. A spokeswoman for the Association of British Insurers (ABI) said: “There … |
 Port Strategy |
Diversity now the name of the insurance game
Port Strategy, UK Subsequently, DP World transferred its property account from the mutual, while leaving its liability cover there. This sequence brought to increased notice the relatively new business Insure-London, which is headed by Niels Aaskov, a former TT man, … |
 The Associated Press |
Lloyds fails to strike debt deal amid £10.8bn HBOS loss
Times Online, UK Lloyds Banking Group today admitted it has so far failed to agree terms with the Government to place £250 million of assets into the Government’s toxic debt insurance scheme despite hopes of securing a deal by this morning. Shares in Lloyds fell 15.8 … HBOS: Strong men will weep Friday's news and tips Lloyds profits down 80% as HBOS losses weigh |
Wipro's ICA Delivers Comprehensive Approach To Claims Analytics
RFPConnect.com, UK Wipro Technologies launches of Insurance Claims Analytics (ICA) - an integrated business intelligence (BI) offering targeted at property and casualty (P&C) insurance carriers. Built on the SAP BusinessObjects XI 3.1 intelligence platform, this solution … |
Bad news for the hedge funds - and Basil Brush
guardian.co.uk, UK But with the final announcement of the government's insurance scheme for banks' toxic assets, and better than expected results from RSA Insurance, L&G jumped 9.6p to 44.5p. RSA itself rose 17.8p to 143.8p while rival Aviva added 37.25p to 305p. … |
 BBC News |
Insurance woes follow demolition
BBC News, UK A family who woke to find a bulldozer knocking down an adjoining property in Newcastle have been told their insurance will not cover any damage. The terrace property in a protected row in the County Down town was demolished by a developer last month. … |
L&G benefits from RBS bailout bounce
guardian.co.uk, UK But with the final unveiling of the government's insurance scheme for bank's toxic assets and better than expected results from RSA Insurance, L&G jumped 9.6p to 44.5p. RSA itself rose 17.8p to 143.8p while rival Aviva added 37.25p to 305p. … |
 Times Online |
Toxic insurance terms will vary from bank to bank
ShareCast, UK A wide variety of assets can be insured, including commercial and residential property loans, collateralised debt or loan obligations and mortgage backed securities. The scheme is designed to cover assets “where there is the greatest amount of … Government readies to take loss on RBS asset insurance Q&A: Royal Bank of Scotland Goverment Toxic Asset Scheme Guide |
Allianz slumps to worse-than-expected loss on Dresdner hit
Reactions Magazine (subscription), UK While property/casualty insurance proved to be largely unaffected, the life insurance and asset management business saw hits on revenues and profits. Property/casualty insurance, the largest business segment for Allianz, gave stable results last year. … |
Flood risk homes face insurance misery
Reading Chronicle, UK … mostly to residential property. But Mr George says the Government and local authorities must protect flood plains as natural flood defences. A year ago the Association of British Insurers announced its members would not offer insurance for new … |