insurance articles

Insurance Articles

You could select the best insurance plan for your requirements after reading our insurance articles. Be insured and stay secured forever. However, it is not just by getting any service provider.

In order to select the right insurance provider for you, you need to ask at least three questions. How do insurance companies cope with credit crunch? Why should you go in for life settlement? What are the three main reasons why you should get an insurance policy? Read on and find the answers.


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The Importance Of Mobility Scooter Insurance

Why is it important that people get insurance for mobility scooters. This is your chance to learn why and how they can help. Read: The Importance Of Mobility Scooter Insurance Read
By: nlwest21 | 01/09/2009 | Insurance
Spike in health costs spears graduate students : Lee Shearer

Quietly, university system boosts out-of-pocket payments Read: Spike in health costs spears graduate students : Lee Shearer Read
By: Chad | 31/08/2009 | Insurance
If you're sick in Marion, you 'get taken care of' : JOHN JARVIS

however, figures showing approximately 50 million of the 350 million people living in the United States have no health insurance represents a force that John Sanders doesn't expect to diminish anytime soon. Read: If you're sick in Marion, you 'get taken care of' : JOHN JARVIS Read
By: Chad | 31/08/2009 | Insurance
Battle plan: Q-C employers gear up to fight flu on 2 fronts : Jennifer DeWitt

"This is a new addition to the list of our normal immunizations," said Dr. Bruce Steffens, the medical director for United Healthcare of Iowa and Central Illinois, based in Moline. "Clearly, it's the right thing to be doing." Read: Battle plan: Q-C employers gear up to fight flu on 2 fronts : Jennifer DeWitt Read
By: Chad | 31/08/2009 | Insurance
Short Term Car Insurance in the UK

Short term car insurance can be a great way of saving money if you don't use the vehicle that often. You can also use this kind of policy to temporarily add another driver to your car. Car insurance is expensive for any driver, let alone those who are under 25 years old or have been driving for less than three years. Policies usually last for 365 days and can be renewed annually. This means that once you have agreed to a car insurance provider, you are probably bound to... Read: Short Term Car Insurance in the UK Read
By: Carole Maclennan | 31/08/2009 | Insurance
Finding Cheap life Insurance in the UK

The market for cheap life insurance in the UK is very competitive. Although life insurance is not a legal requirement it is still very important, especially if you have people who are dependent on you. Life insurance is considered to be an unnecessary cost by some. Unlike car insurance, you don't have to have a valid policy. However, this doesn't mean that it isn't a good idea to consider life insurance. If you have a family or others who are dependent on you for financ... Read: Finding Cheap life Insurance in the UK Read
By: Carole Maclennan | 31/08/2009 | Insurance
How To Find Term life insurance in the UK

Term life insurance is one of the most popular types of life insurance in the UK. There are many different policies available and the best place to start looking is online. Term life insurance in the UK is one of the most common types of life insurance. It is also the simplest form of cover you can get. With term life insurance, you pay a certain amount for a fixed period. If anything should happen to you within this period which results in your death, the life insuranc... Read: How To Find Term life insurance in the UK Read
By: Carole Maclennan | 31/08/2009 | Insurance
Getting Cheap Life Insurance Quotes in the UK

There are many companies offering life insurance quotes in the UK. Finding a cheap life insurance doesn't have to be difficult. If you're thinking about taking out a life insurance policy, there are a few things to consider first. Your policy could make the world of difference to any loved ones you have so it is important to choose which type of policy you want carefully. Getting life insurance quotes in the UK isn't difficult if you know where to look to find the best ... Read: Getting Cheap Life Insurance Quotes in the UK Read
By: Carole Maclennan | 31/08/2009 | Insurance
1 Month Car Insurance Is A Winner

If you want to go on holiday or borrow someone's car for a month, you will need insurance. Instead of paying for a full-year policy, consider 1 month car insurance as it could save you a lot of money. Annual car insurance is great - you just have to pay it or set up a direct debit and you can forget about your policy for another year. However, there are drawbacks to long-term commitments like this. If you're going on holiday and want to share the driving with someone el... Read: 1 Month Car Insurance Is A Winner Read
By: Carole Maclennan | 31/08/2009 | Insurance
Considering State Farm Home Insurance

Currently providing service to about 13.5 million people, State Farm home insurance has been helping individuals for more than 60 years. Read: Considering State Farm Home Insurance Read
By: Tom Lustina | 31/08/2009 | Insurance
Customers of a Fort Worth company wanted health insurance — but got discount cards instead : DAVE LIEBER

When the paperwork arrived, and they found out they bought discounts on medical services and products at participating locations but not insurance, some demanded refunds. Read: Customers of a Fort Worth company wanted health insurance — but got discount cards instead : DAVE LIEBER Read
By: Chad | 31/08/2009 | Insurance
Lower Your Homeowners Insurance Quotes By Inspecting Your House

There are several factors that go into determining how high or low the homeowners insurance quotes you receive will be. Read: Lower Your Homeowners Insurance Quotes By Inspecting Your House Read
By: Tom Lustina | 31/08/2009 | Insurance
Student health-care bought by Aetna : Michelle Merlin

The student health insurance serves as each student’s primary coverage, and the fee covers nine free counseling visits, nutritional consults, about 20 free lab tests, and other low-cost health services. Read: Student health-care bought by Aetna : Michelle Merlin Read
By: Chad | 31/08/2009 | Insurance
Health plans’ profits decline along with membership numbers

With earnings for publicly traded health plans falling, investment analysts are wondering whether insurers can fulfill their promise that raising rates and cutting costs can make up profits lost through membership declines. Read: Health plans’ profits decline along with membership numbers Read
By: Chad | 31/08/2009 | Insurance
Local health care provider decries government option : Steve McConnell

Some said they were in favor of the public option, while the congressman said it may not even be an option since the administration gave signs of backing away from it last week. Although this week the president has affirmed that it should be part of overhauling the costly system, The Associated Press reported. Read: Local health care provider decries government option : Steve McConnell Read
By: Chad | 31/08/2009 | Insurance



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business insurance

The BIE 100 is a truly groundbreaking project that offers Business Insurance Europe’s 15,000 readers unique detail on the senior executives responsible for risk and insurance management at Europe’s 100 largest companies ranked by 2006 gross revenues.

This project not only compiles details on these companies and their executives, but also profiles several of these individuals to share insights into their risk and insurance management challenges and philosophies with the rest of BIE’s readership.

This information will serve to educate and inform the entire European risk management community..

Aviation insurance 2008 - a market forecast

Aviation insurance 2008 - a market forecast

28 March 2008

The outlook for the year ahead is not easy to predict for aviation insurance.

Industry experts have forecast that 2008 is to be a ‘fascinating year’ for aviation insurance. With capacity on the increase, coupled with a rise in claims, the outlook for the year ahead is not one that is easy to predict.

Aon aviation industry analyst, Magnus Allan, commented that ‘2008 is going to be fascinating in aviation insurance terms’. "On the one hand there has been a large amount of capacity available over the last few years that has reduced prices significantly; but 2007 saw a high level of hull claims, which is going to encourage insurers to look at their portfolios and question their commitments, potentially," he said.

According to Aon's Airline Insurance Market Review 2007, the high level of hull and liability claims, at US$1.7bn (£0.84bn), alongside the lowest amount of lead hull and liability premium since 2000, US$1.5bn (£0.74bn), meant that the airline insurance market was broadly unprofitable in 2007. The review also reported that the proportion of passengers travelling with flag carriers fell from 66% in 2005 to 48% in 2007. As such, the insurance and risk management firm has predicted that the negotiating process is likely to be far tougher in 2008.

Explaining further, Mr Allan added that it is "basically classic supply and demand; the capacity is bringing down prices but the level of claims could potentially raise prices. A lot depends on what the loss figures are in 2008. If there are no catastrophic losses and it turns out that 2007 was just a blip, then we'd expect the continuation of low, single digit averages that we were seeing towards the end of the year in 2007.”

While Aon's figures suggest flag carriers have seen a decrease in the number of passengers travelling last year, the aviation industry as a whole appears to continue to expand. According to figures from the Civil Aviation Authority, UK airports handled 241 million passengers during 2007. This represents an increase of 2.4% on 2006. However, this growth is slower than that seen over the last decade and continues a trend set in 2005.

In May 2007, aviation analysis firm OAG reported that global aviation growth had hit an ‘all-time high’ with a 5% increase in the number of flights scheduled for May 2007 compared with the same month the year before. According to the latest statistics from OAG, this represents an additional 113,827 flights and 17.7 million extra seats available to travellers. In announcing these figures for May, Duncan Alexander, Managing Director of OAG, said that from an industry perspective ‘this healthy growth bodes very well for the future’.

On predicting an outlook for the year ahead, Mr Allan said: "Ultimately, aviation is a catastrophe business." Comparing the level of claims in 2007 with those of previous years, he said: "The interesting thing about the high level of hull claims is that they haven't come with a high level of liability claims. The number of fatalities in 2007 was below the average from 1995 to 2006. So what you've got is, while there have been these hull claims, you've got a lot of people coming away from those ok."

Looking to some of the aviation incidents to have occurred in the last few years, such analysis appears justified. In January of this year, a British Airways jet from Beijing to London crash landed short of the runway, causing extensive damage to the undercarriage and both wings. Despite there being 136 passengers, only three were treated for injuries. Similarly in August 2005, an Air France jetliner crashed while attempting to land at Toronto's Pearson International Airport. All 297 passengers and 12 crew members survived the crash, despite severe damage to the aircraft.

Citing such examples, Mr Allan explained that ten years ago incidents such as these ‘could have potentially caused a massive loss of life and resulted in significant liability claims’. Yet he added that in actuality ‘you had 250 people being evacuated from a plane with bumps and bruises, but not the liability claims you would have seen historically’.

Such claims are supported by industry statistics. Figures from Ascend's Annual Aviation Safety Report show that in 2007 passenger fatalities fell by 20% compared to 2006, to 631. Both passenger fatalities and the number of fatal accidents in 2007 were well below long-term trends, with the average for the decade standing at 718.9. It is also, reportedly, a significant improvement on the 1990s' average of 954.4 passenger fatalities a year.

Ascend also claims that the long-term trend for the aviation industry is for fewer fatal accidents. On assessing 2006, the aviation analyst confirms that in the late 1940s the figure was between 40 and 50. By the 1980s this figure had halved. Although in the two decades up to 2001, as the industry expanded, this improvement in the number of fatal accidents stalled. This trend has been reversed over the last few years as the industry's growth has continued.

Improvement in safety and therefore liability claims is an obvious priority for those involved in the aviation industry, who Aon describe as being ‘very, very busy’ in ensuring ‘the industry as a whole can be as safe as it possibly can be’. Improving safety standards has been a ‘driver’ alongside capacity in prices coming down, according to Mr Allan of Aon.

"When you look at the loss rates over the last five, ten years, they've been very, very good, and that is what has attracted all this extra capacity. You need to be aware of the risk, but that is what insurance is all about."

This article is provided for general information purposes only and is subject to the full terms and conditions on our website. Any policies referred to in this article will be subject to separate terms and conditions and this article should not be regarded as a substitute for referring to those terms and conditions.

Last updated on 28 Mar 2008

insurance coverage

Home-Based Business Owners, You Need Insurance Coverage

When you start a home-based business, buying insurance may not be your first priority, but you cannot afford to ignore it either. When the unexpected happens -- and it will -- having insurance coverage may mean the difference between the success and failure of your home-based business.

You may not require all types of insurance listed here, but taking some time now to consider your insurance needs can save you money and headaches in the future. Ultimately, after reading this article, the best way to determine your complete needs is to consult with your insurance agent. Explain to them the details of your home-based business and he or she should be able to determine the best insurance coverage for you (and any employees).
Health Insurance

Health insurance should be the first consideration for yourself and any employees you may have. If you have just left your current job to start your own business, you may be eligible for COBRA, which will provide temporary interim coverage. This will keep you covered while you search for the best health insurance policy.
Disability Insurance

Disability insurance will guarantee that you have some income should you suddenly become unable to work because of injury or illness. Having this extra peace of mind is almost always well worth the extra money you pay.
Life Insurance

Life insurance will help ensure that your family has the money it needs should you meet with an untimely death. Some lenders require that you have life insurance before they'll issue a loan; this guarantees that the loan will be repaid if you meet with an untimely end.
Business Property Insurance

Business property insurance helps protect you against loss of inventory or equipment. If your business equipment or inventory is damaged in a flood, fire, or other disaster, this type of insurance will allow you to recoup your losses.
General Liability Insurance

Comprehensive general liability insurance is necessary for your home-based business if you plan on having clients or customers visit your home. Whether you plan to hold meetings, allow customers to pick up merchandise, or have members of the public enter your home for any other reason, this insurance will protect you if someone is injured while on your property. This insurance will typically pay for your legal defense should you face a lawsuit as the result of a fall or other damage that occurs on your property.
Business Interruption Insurance

Business interruption insurance will help your business recover from natural disasters. It will cover you for income lost during the disaster, and will pay for operating expenses that continue to accrue, even though your business isn't up and running.
Workers’ Compensation Insurance

Workers' compensation insurance is an absolute necessity if you plan on having employees working out of your home. Without workers' comp, you'll be responsible for any medical expenses arising from injuries employees sustain while working for you. Many home-based business owners mistakenly believe that this type of insurance is only required by businesses that have a retail or separate location, but that's not the case. Another mistake is assuming that only ‘dangerous’ employers (such as construction or movers) need this type of insurance. But what if your employee slips on the stairs or their chair breaks? While those are both unlikely, they are possible and the less risky your business, the cheaper the insurance will be.

These insurance plans can help ensure that you are prepared to face any eventuality that might occur while you are running your own business. Disasters, accidents, and crises can strike at any time. By preparing now, you may be saving you and your company significant financial loss, wasted time, and difficulty.

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Lessons For The Insurance World

Lessons For The Insurance World

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Jay Himmelstein’s compelling Narrative Matters essay about his niece’s illness and the limits of her student health insurance program presents important lessons for those of us working to ensure adequate economic access to necessary and appropriate health care for college and university students.

Because it is the colleges and universities that decide both their institutional requirements for students to have adequate coverage and the level of benefits for the university-sponsored plan (including plan limits, coinsurance, and deductibles), I sent Himmelstein’s essay to more than fifty campus student health leaders. In my cover note I wrote: "If there are lessons here for the insurance world, they are two: (1) Voluntary plans are problematic because of risk selection, and (2) plan limits for this basically healthy population might harm only a few people, but their physical suffering will be significantly compounded by economic worries, and they might forgo necessary care."

I received extremely positive responses from many of these student health leaders. As evidence of how important Himmelstein’s essay is, let me quote from one of the responses: "It is a very a timely article for us as our university administration and graduate school are currently looking at ways to reduce the cost of student health insurance.... I am afraid they are going to suggest reducing or limiting the benefits of our excellent plan, meaning that what I read in this essay could very well happen to one of our students. I am going to distribute copies of this essay it to our Student Health Insurance Advisory Committee. Thanks for sending it."

In turn, I say thanks to Health Affairs and Himmelstein for this important—and clearly timely—essay.

Stephen C. Caulfield
The Chickering Group, an Aetna Company, Cambridge, Massachusetts

types of insurance

As you already know there are many types of insurance. Knowing which policies will best suit your needs is a key to protecting yourself and your family from unexpected events. BY having the protection that you need, when you need it, you give yourself and your family a tremendous advantage when things go wrong.

If you have a family or run a business, you certainly need life insurance. Life insurance comes in many different flavors and choosing the correct policy is often confusing. One thing is certain, however, and that is you want to provide for your family in the event of your death. The actual type of policy that will best meet your requirements is something that only you, your spouse, and the insurance carrier can decide.

There is another side to life insurance, too. What if you do not have a family? In a case such as this, life insurance, unless it is provided free to you by your employer, may be an unnecessary expense. After all, who will be your beneficiary?

Other types of insurance, such as automobile insurance, are clearer to understand. If you do not own a car, you obviously do not need this type of insurance. If you do own a car and drive it, you almost certainly are required to have it by state law.

Homeowner's insurance is required by most lenders as long as you are paying on the mortgage. In the event something should happen to the home, the insurance on it will help cover the costs of repairing it or replacing it if it is completely destroyed.

Once the mortgage is paid, the homeowner is at liberty to carry or not carry insurance as long as that is allowed by state and local law. Even though a homeowner may be tempted to cancel homeowner's insurance or reduce the coverage once the mortgage is paid that is often a bad idea.

Disability income insurance is another type of insurance that most people should at least consider. A long-term disability insurance policy kicks in should you be injured or suffer from a disease that makes it impossible for you to continue working.

It is true that most employers carry worker's compensation plans that can help should you be out of work for an extended period of time, but worker's comp can be complicated and it often does not provide enough money to cover both medical expenses and household expenses. There are also time limits on how long you can receive payments. A long term disability policy can help offset those costs and help your family maintain a more normal lifestyle.

Health insurance is another of those very important policies that all people should have. Health insurance is often provided by employers, and for many people, this is the only affordable way they can get it. Often employers may offer a choice between HMOs (health maintenance organizations) and traditional fee-for-service care. Rates for HMOs are usually less expensive but they normally have more constraints on which doctor or hospital you can use. Privately purchased health insurance is much more expensive and should be well researched before you decide a policy.

The above are just a few of the many types of insurance that you may wish to look into. An excellent way to learn more about insurance and what you need is to speak with a qualified insurance agent.

Buying Life Insurance Online - Is it a Really Good Idea?

By: Michael Challiner

The advent of the internet has opened up the possibility of cheaper life insurance for all.

In years gone by, if you were considering life insurance you would probably have invited an insurance salesman from your favourite insurance company to meet you or alternatively gone to your local insurance broker. But rarely would you have been courageous enough to get competitive quotations. It just wasn't done. You trusted the salesman to do the best for you and surely you thought, life insurance is somewhat technical and requires specialised knowledge. All very cosy. All very expensive. How life has changed!

People now realise that life insurance is not that complicated. If on a scale of 1 to 10, buying car insurance online rates 9, life insurance must be a 7 or 8. This has opened up the Internet as a prime arena for cut-price life insurance. That's not to imply that life policies bought on the Internet are in any way substandard. No, you're most likely to end up with a policy from one of the UK 's big insurers like Norwich Union or Legal & General and they'll be exactly the same policies as you could buy anywhere else. It's just that the intense competition on the internet and efficiency and simplicity of the system, means that most online brokers decide to cut the commission and roll back the savings into lower prices.

Ah yes I hear you saying, 7 or 8 implies that life insurance is more complicated than car insurance. Yes it is - but that doesn't mean that it represents a problem. The companies selling life insurance online recognise that many clients feel that some level of personal advice is useful and indeed, necessary. They accommodate this with a mix of useful information on the web site and more often than not, with a short telephone conversation with a life insurance adviser prior to you buying. This provides reassurance and helps to ensure you really do get the policy options you need all at rock bottom prices.

Buying online certainly is a good idea.

Author Bio

Michael Challiner has 15 years experience in financial services marketing at senior level. Michael now works as the editor for Express Life Insurance Quotes