Insurers Enter Settlement For Failure To Update At-Fault Accident Determinations
Posted on February 22nd, 2010
The Attorney General of Massachusetts entered into a settlement with five auto insurance companies which allegedly violated a state law involving the Board of Appeal Enforcement Initiative. As such, the insurers would make amends to their practices even as the probe goes forward.
In a press release posted by Attorney General Martha Coakley’s office, the companies involved include Liberty Mutual Insurance Company, Plymouth Rock Assurance Corporation, Metropolitan Property & Casualty, Pilgrim Insurance Company, and, Peerless Insurance. All complaints filed relate to at-fault accident findings which were overturned by the state’s Board of Appeal. Sai
Affordable insurance coverage tips
Posted on February 22nd, 2010
Today there are many ways you can get affordable health insurance. You can contact an insurance agent by phone or browse for quotes online, and the number of offers you will get will definitely make a good comparison shopping experience. But before your set your mind on comparing the prices, first make sure you understand what coverage types your policy offers and select the one that covers your exact needs. Here are four tips on how to get the most affordable coverage and get the best of your current health insurance policy.
1. What coverage type is best for you?
It’s a common pitfall of many inexperienced insurance shoppers to get the first cheap insurance offer without learning what it covers and to what extent. A
Secondary Health Insurance Plans
Posted on February 21st, 2010
Most people have health insurance of more than one plan and this is why insurance companies do not want the insured persons to benefit from their health insurance. When we say more that a plan may be that both spouses are employees covered by health insurance plans group. Therefore, to avoid double recovery, most health insurance plans have had to find out how the coverage of primary and secondary schools to do.
Most primary coverage is usually given by a plan that a person is a member of the plan or where a person has been the Member of the longer time period.
Sterling launches business policy with “lotto win” cover
Posted on February 21st, 2010
Sterling Insurance has launched a new commercial product available at fixed rates for three years, for selected clients.
Twelve months in its development, the Executive Business policy claims a number of innovative features such as crisis containment and covering the cost of PR professionals to mitigate reputational damage.
The policy also provides “lotto win” cover that pays out for recruitment and training costs should a number of employees resign as a result of a substantial lottery win.
S&P Affirms Ratings for Zenith, Fairfax Following Merger Announcement
Posted on February 20th, 2010
Following Zenith National Insurance Corp.’s acquisition agreementwith Fairfax Financial Holdings Ltd., Standard & Poor’s Rating Services has affirmed the “BBB-” counterparty credit rating on Woodland Hills, Calif.-based Zenith National and its “A-” counterparty credit and financial strength ratings on Zenith Insurance Co. and ZNAT Insurance Co., which are members of the Zenith insurance Group Intercompany Pool. S&P also affirmed the “BBB-” counterparty credit rating on Toronto-based Fairfax Financial Holdings Inc., and affirmed the counterparty credit and financial strength ratings on FFH’s ongoing operating insurance subsidiaries.
As part of the agreement, Fairfax will acquire all the outstanding shares of Zenith common stock that it does not currently own.