Homeowners insurance does not cover everything even if the customer believes they do. The actual coverage that you have is dependent on your insurance company and the policy that they have provided you with. Here are some common myths that customers often believe:
Flood Damage: Even though many think its covered flood damage is not covered by their policy. Homeowners will need a separate policy that covers floods.
Mold and Termites: Damage caused by mold and termites are not actually covered by the policy that most people have. These can be added to the original policy in Thornton though if required but the homeowner will need to actually do this themselves.
Sewer Backups: Again even though people think this is covered it is in fact not. Read full article…
The state of Mississippi has decided yet again to tackle the issue of being able to check drivers auto insurance coverage online. The governor of the state who was named Haley Barbour has been adamantly opposed to allowing online computer checks to be conducted. He voted the bill that would have allowed this about one year ago. The bill which is House Bill 480 might actually be able to be passed soon.
The premise behind this move is that so many drivers break the law when they go uninsured. Many drivers in the state were just buying an auto insurance policy then canceling it after a few weeks.
The reason behind this is to just be able to have possession of insurance cards.
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Professional what?
If you’ve been asked to buy or recommended to have professional indemnity insurance, but you’re still a little unclear about exactly how this cover works to protect your business, you may appreciate this simple, easy to understand beginners guide written by leading specialist insurer Hiscox.
What is Professional Indemnity insurance?
It’s the kind of insurance that protects your business from financially crippling and often reputation-damaging claims by dissatisfied clients. Because in this everything-by-yesterday world, even the most respectable companies can find themselves in dispute with a client over a mistake. Below
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Anytime a customers are thinking about buying workman’s compensation insurance policy, they should buy the idea independently business types of insurance policy. BOPs, or even ‘business masters policies’, in many cases are marketed while insurance policy deals. Nonetheless they don’t include the protection for harmed staff. This is marketed independently. The total idea of worker’s compensation insurance coverage expands back for incorporating the twentieth one hundred year. People in the usa sensed the advantages of staff to get guarded through injuries, and paid for for any accidents in which lead utilizing their office. That ende Read full article…
The China Insurance Regulatory Commission (CSRC) has approved the set up of a life insurance joint venture in China by US-based Prudential Financial and Chinese conglomerate, Fosun Industrial Technology Development.
The JV, aimed at tapping the CNY1 trillion ($156bn) Chinese life insurance market, would be set up within the next 12 months with Prudential holding a stake at 50%, in lieu with local regulations.
The venture follows a $500m third-party investment in January by Prudential in a private equity fund managed by Fosun.
The Chinese life insurance market, currently dominated by China Life and Ping An, also includes 28 foreign companies with the major being HSBC, Axa and Allianz.
Fosun also formed a private equity venture with US buyout firm, Carlyle Group, in a move to increase its expansion into the financial industry, Reuters reported.
The Chinese conglomerate, with businesses ranging from pharmaceutical to retail and media, has also acquired a 0.9146% stake in New China Life Insurance and a 17.2% stake in Yong An Insurance.
