Archive for the ‘Insurance General’ Category
Adventure Travel Insurance
November 18th, 2009
With winter approaching, forests and mountains will replace the beauty of fall with blanks of snow to create scenery worth venturing out into the cold for. Whether you’re just out for a casual hike or a mountaineer enthusiast, you never know when your trip into the wilderness will take a turn for the worse. Adventure travel is a great experience that brings you closer to nature, but it can quickly turn deadly if an accident occurs or if an unexpected storm puts you in harm’s way.
No matter where you’re travelling or what activities you’ll be doing, adventure travel insurance can offer you protection against unexpected expenses and evacuation efforts that include: helicopter, ambulance, and medivac. You mig
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Solvency II rules could result in less long-tail capacity: Fitch
November 17th, 2009
The Committee of European Insurance and Occupational Pensions Supervisors—the Frankfurt, Germany-based group that advises the European Commission on the new regime—recently published details of its latest set of Level 2 advice on Solvency II that it has given the Commission. This latest advice and subsequent third and final round of consultation on the planned regime represented a significant strengthening in the capital requirements compared with the framework directive that was adopted in May.
A quantitative impact study, QIS4, was carried out to assess the likely impact on insurers of the directive on the ultimate capital requirements, according to insurers.
Lyuba Tarnopolosky, director, insurance at Fitch in London, said Tuesday in at a meeting in Frankfurt that the risk charges, which are based on standard deviations—a measure of volatility based upon a set factor that is multiplied by premium volume—for property/casualty risks, had been significantly enhanced.
Ms. Tarnopo
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How to Monitor Individual Sales Progress
November 16th, 2009
In the world of sales, the bottom line is how much money the individual bring to the company. This is the company line for the vast majority of businesses in recent times, and it is inherently wrong. Sales progress should never be monitored by the bottom line only. There are far too many other important aspects of sales progress to consider. Paying attention to these other aspects will help you to maximize individual sales progress.
While the previous statement may seem to go against everything you may have learned in Economics 101 class, it is true. Too many companies and managers only look at the front end of sales progress.
Tags: Sales, Sales Progress
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N.Y. seeks to drop charges against last Marsh defendants
November 13th, 2009
The action comes just weeks after New York County Supreme Court Judge James A. Yates acquitted three other ex-Marsh executives of all charges in the case.
Last month, those individuals–Joseph Peiser, former managing director and head of Marsh’s global broking excess casualty unit; Greg J. Doherty, former Marsh senior vp and ACE USA local broking coordinator team leader; and Kathleen M. Drake, former Marsh managing director and local broking coordinator team leader–were found not guilty of scheme to defraud and restraint of trade charges by Judge Yates.
In February 2008, two other former Marsh executives, William Gilman and Edward J.
Tags: Last Marsh, Marsh
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Convenience Store Insurance
November 13th, 2009
Are you looking for a convenience store insurance quote? At Commercial Insurance.NET we can help you save on your business insurance package. Some of the requirements insurance agents can look for when evaluating a convenience store insurance policy include;
- Buildings that are 25 years old or less unless they have been remodeled
- Current owners have been in business for 1 year
- Gross Annual Sales are over $2,000,000
- Property you own or use in business
- Equipment and materials within 100 feet of building including computers
The above is a summary of convenience store insurance. If you are interested in a quote please go to the home page of Commercial Insurance .NET.
Tags: Convenience Store, Convenience Store Insurance, Insurance, Store Insurance
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What Type of Commercial Insurance Do You Need?
November 11th, 2009
As a business owner, you invested a sum of money to put up your establishment, and you will do everything to make sure that your money is safe. Accidents can happen. However careful you may be, there are unforeseen events that will happen and while none of these can be foretold, being prepared is your only weapon.
Commercial Insurance is a businessman’s weapon against failure. It is a safety net that cushions the fall – and if you are getting into a business, you should no longer think of the cost, but the impending consequence that follows if you try to skip the acquisition of such.
What type of commercial insurance do you need? Read full post…
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Price Gouging Hotline is Open in Florida
November 11th, 2009
Unscrupulous merchants and contractors in Florida seeking to take advantage of Hurricane/Tropical Storm victims beware! The State’s Attorney General set up a “price gouging hotline” at 1-866-9-NO-SCAM (1-866-966-7226). Florida resident are encouraged to report any storm related price gouging.
The Attorney General offered the following advice to residents to avoid scams (and these tips are good anywhere):
- Require home repair contractors to obtain all necessary government licenses and permits.
- Make sure contractors have proper occupational licenses as required by state law.
- Work only with reputable, established businesses.
Tags: Florida, Gouging Hotline, Price Gouging, Price Gouging Hotline
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Specialty Insurance: The Importance of Liability Insurance
November 10th, 2009
No matter what you do for a living, where you live, or what you enjoy doing for fun, liability insurance is important to have. You might go to work every day for decades and not run into any legal problems, but then one day something unfortunate happens and you’re being sued for monetary damages. You might think that just because the company you work for has insurance you’re safe, but your personal liability isn’t always protected. The same can be said for dogs. You might have a dog for years and never have any behavior problems, but then one day the dog bites someone and you end up getting sued. Anima
Tags: Insurance, Liability Insurance
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