Archive for August, 2008
Investors Warned Not To Invest In AIG
A recommendation by Goldman Sachs to avoid investing in AIG (American International Group) came on the heels of an 8% share drop yesterday according to Reuters UK.
Analyst Thomas Cholnoky said, “the intricacies of AIG’s business are so complex that management may not even know the extent of the company’s ultimate exposures, let alone losses”. He [...]
Churchill Insurance Ad Misleading? Ohhhh, yes!
Most UK residents are familiar with the Churchill Insurance bulldog answering “Ohhh, yes” to questions such as “making a claim without the need of filling in any forms?”.
Also known as the Challenge Churchill TV campaign, the arguably lovable bulldog could be silenced after a viewer did exactly that, challenge Churchill Insurance on the issue of [...]
Muslim Car Insurance Policies Align With Islamic Law
For the first time Muslim drivers are offered car insurance policies that adhere to the teachings of the Koran, according to the Daily Mail.
Unlike the majority of non-Islamic insurers, Salaam Halal Insurance complies with Islamic law by avoiding investments associated with gambling, alcohol, pork, etc.
While still offering the same kind of cover as traditional insurers, [...]
Tips On Cutting Costs Of Car Insurance
Let’s face it, the credit crunch seems to be getting worse and there’s no real sign of improvement any time soon. It’s like we’re on a forced diet, only it’s to tighten our economic waistline for a fitter, healthier financial future.
Below you’ll find listed, in no particular order, ways that should help you reduce your [...]
Unusual Car Insurance Claims Being Reported
Just when insurers thought they’d heard it all, come new and unusual car insurance claims. Elephant car insurance has revealed an unusual set of claims ranging from nude pedestrians jumping on top of their car to filling up a tank with shampoo instead of petrol.
The car insurer went on to reveal other odd claims like [...]
RBS May Save Insurance Division
The Royal Bank of Scotland may decide not to sell its insurance division, which includes popular name brands in the UK such as Direct Line Insurance and Churchill Insurance.
RBS was looking to raise capital quickly by selling the 2 major insurance companies for the tune of £7 billion. However, the recent sale of risky loans [...]
Hiscox Insurance Produces Record Profits Despite Crunch
Hiscox Insurance reported first half profits up 3.4% to £109.2m despite the tightening grip of the credit crisis. Analysts anticipated the UK insurer’s profits to come in between £58m and £103m, says Times Online.
A significant increase in online sales for home and small business insurance was instrumental in reaching the record figure of £109.2m. Despite [...]
British Workers Unnecessarily Pay For Life Insurance
Out of 1,300 UK employees surveyed by AON, a global leader in risk management, 77% said they weren’t provided with life insurance by their employers, or if they were, they weren’t aware of the benefits of such policy, according to the FT Adviser.
Aon goes on to say that nearly 40% of UK workers are indeed [...]
Travel Insurance Companies Fear Bogus Claims
Let’s face it, the credit crunch, credit crisis, recession, whatever you want to call it, is hurting most peoples’ pockets. Only a year ago credit was very easy to obtain and people went about their way merrily spending, enjoying fun-filled holidays, the works.
Even though it’s been almost a year of realising the economy is suffering, [...]
Car Insurance Premiums Hit New Heights
Car insurance premiums are rising to record levels, says the Telegraph.co.uk. If consumers weren’t being hit enough with rising costs in fuel, food, and electricity, now the average price of car insurance peaks over the £500 a year mark. These figures are reported by Sainsbury’s Car Insurance.
Young drivers are not the only group experiencing these [...]
