The Insurance News

With budgets being increasingly tight these days, more and more people are looking for ways to save some cash. One way of doing this could be to see what savings can be made on your respective insurance policies, and if you’ve got a caravan insurance policy it could be wise to consider taking on a voluntary excess.

Having a caravan insurance policy excess is a pretty standard part of all insurance policies. That is, the insurance company will only pay a claim less the amount of the excess, and the amount often depends on the individual policy and the value of the insured item. T Read more…

LONDON –”Lloyd’s of London said Monday that it is confident that its market can withstand the insured losses resulting from the earthquake and tsunami that hit Japan on Friday.

“Lloyd’s routinely stress tests individual syndicates and the market as a whole for large-scale natural catastrophes of this nature and we are confident that the market can respond to any claims in the normal course of business,” it said in a statement.

A spokesman for Lloyd’s said it is too early to estimate the market’s potential losses from the disaster.

There’s nothing better than being able to buy your dream motorhome and bring it back to the UK for life on the open road. However, before you get ahead of yourself it’s important to remember the specific implications of such a task – specifically how you’re going to import the home in the first place and any imported motorhome insurance implications in doing so.

Luckily, importing the motorhome itself shouldn’t be too difficult to arrange. There are plenty of shipping companies that will be able to accommodate, and as long as you’re prepared to pay (the larger the vehicle the more it’s going to cost to import) then you shouldn’t have too much of a problem. But, remember t Read more…

The earthquake that struck New Zealand’s South Island this week could bring insurance costs upwards of $8 billion USD, according to Air Worldwide.

The 6.3 magnitude earthquake, which struck near Christchurch, offers a start reminder of U.S. vulnerability to such disasters, says the Insurance Information Institute (I.I.I.).

In the U.S., increasing urban development in seismically active areas, the vulnerability of older buildings, and the fact that the majority of U.S. homeowners do not have earthquake insurance could all add up to a very costly future earthquake, according to the I.I.I.

Standard home insurance policies in the U.S. do not cover earthquakes Nor do standard business insurance policies. H

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Trifords Limited, part of the Markerstudy Group, has acquired from the liquidators of Auto Windscreens certain trading assets, including the right to use the trading style “Auto Windscreens”.

The new owners of the brand have confirmed that 250 jobs will be created as a result of the acquisition, which includes three freehold sites, one of which is the former Auto Windscreen head office building in Chesterfield.

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