Insurance Cover 2006

2006-11-21 Shunning the risk

The first is triggered should a claim exceed the total limit of PI insurance, threatening a firm with insolvency. The total value of this policy can be used by members to settle such a claim on the proviso that the claimant waives any further actions against the firm and any of the members. This cover serves as a valuable negotiating tool when settling a major negligence claim. The second level of cover becomes available should a claimant refuse to settle and the LLP becomes insolvent. The policy then pays in full to the members to recreate the insolvent partnership, start a new business or even fund retirement. The payment is also available to the negligent partner as part of their protection against being pursued personally. This cover provides the partners with a cash payment to relaunch their practice in the event of bankruptcy

www.thelawyer.com

Failing to prepare is preparing to fail. The wisdom of this adage was never made plainer than in the wake of Arthur Andersens spectacular demise. Partnerships need to not only wake up to the danger of a catastrophic event but, moreover, take active ste.

2006-11-23 The Standard Online Edition

Thoroughfare where at the click of a mouse you can tell whose insurance cover has run out or who is simply not insured. Right now we dont have such a thing in Kenya. This databank can be run by the insurance federation like AKI, as it happens in Sweden where the Swedish Insurance Federation runs the databank on motor insurance compliance. This is because the insurance fraternity has the first interest in the industry. Penalties exacted on noncompliance in process can go to the kitty of funding payments to the cases that I have mentioned. That is the Swedish model.

www.eastandard.net

- The Standard Group Best Kenyan Magazine Best Kenyan Magazines Magazines Kenya Best Magazines Best magazines Online Standard East African Standard Online Edition East African Standard

2006-12-08 Professional indemnity: regulation -ready to take risks IT Week

For example, PricewaterhouseCoopers and rsquo; head of professional affairs, Peter Wyman, believes the limited liability set to be introduced in the companies bill is vital for firms, but even that will not be enough to persuade insurers that risks are at a level where they can sit down and talk numbers with the Big Four again. and lsquo;It and rsquo;s clear that, for the Big Four, we aren and rsquo;t able to obtain any significant insurance. That and rsquo;s the position, and rsquo; says Wyman. and lsquo;I suspect some would say we could buy the insurance (when the bill is implemented) but would it be economic It won and rsquo;t be a situation like that with a car where you pay a modest amount and get great cover. and rsquo;

www.itweek.co.uk

Two crucial pieces of legislation will change the relationship between auditors and their clients, although anyone expecting calm in the PI market is likely to be mistaken - Professional indemnity regulation ready risks two crucial pieces legislation change relationship auditors clients although anyone expecting calm pi market likely mistaken

2006-12-05 Light, sound. Insurers play along- The Economic Times

Although international underwriters are yet to take up Bollywood productions, Indian companies have been getting reinsurance support from Indian Reinsurer GIC. Insurers also point out that although the size of the total cover is big the maximum probable loss the highest amount they are likely to pay under any single claim is around Rs 10 to Rs 12 crore. Also, the insurance does not cover market risks that of the movie flopping. The market risks are now being shared largely by producer and distributors.

economictimes.indiatimes.com

2006-11-24 All about home insurance

Most insurers say there has not been any drastic increase in the number of people taking home insurance this year, despite the experiences of the past year, and its penetration is still very small. Insurance Regulatory and Development Authority chairman C S Rao points out that the awareness about taking home insurance is low compared to life insurance and health cover. Most people dont know that the premium to be paid is considerably small for the value insured.

inhome.rediff.com

2006-11-23 Insurers offer cover to gods abodes- The Economic Times

The attraction for the TDB is that the package covers the temple, devotees and the 4,750-odd TDB employees, while for United India Insurance Company, it is an additional client with great potential for the future. United India Insurance has also provided cover for the equally popular Guruvayur temple in Kerala, with a package that includes Rs 88 crore cover for the temple employees and 63 elephants and an additional cover of Rs 55 crore for burglary.

economictimes.indiatimes.com

2006-12-22 Take cover for your skiing holiday

Even those travelling in Europe cannot be complacent as the EHIC cover does not extend to all destinations. Andorra, Bulgaria and Romania are outside the EHIC scheme and even where it applies, only some medical treatment is covered. And if an air ambulance or repatriation is needed (something which can cost up to 3,000 Euros) youre on your own, as thats not covered by EHIC. Thats all the more reason to have a decent travel insurance policy in place before hitting the slopes.

www.thriftyscot.co.uk

Three per cent of us choose to avoid the Christmas hubbub and go away for a holiday for skiing and winter sun. However, research from - Insurance car life travel pet caravan cheap insurance UK compare quote home buildings contents

2006-11-29 Mediclaim: You can claim it twice, if.

My company has given me a health insurance cover. Should I go for another health insurance cover also My sister is not covered under the present policy. Do you suggest I buy a new policy for her Many companies take group insurance cover for its employees. Are the covers offered under an individual life insurance the same as those covered under group insurance

Ediclaim is not anymore the only alternative to cope with increasing medical expenses. Life insurance companies are now coming up with health covers. While Mediclaim takes care of hospital related expenses, a health policy compensates for the post-hospitalisation expenses and loss loss of income arising out of the illness.

inhome.rediff.com

2006-12-25 71 pct. Indians lack health cover

Per cent of the respondents felt that they were unable to meet the rising healthcare, hospitalisation and surgical expenses, and 67 per cent were extremely concerned about accidents and disabilities adversely affecting their financial stability. 43 per cent did not feel the need of having health insurance cover. This is significantly alarming and indicates a lack of awareness towards the relevance and the need for health insurance, in the backdrop of rising healthcare costs and an increasingly stressful life.

inhome.rediff.com

2006-11-24 Home Insurance Avoid the underinsurance trap this Christmas

Vicky Emmott, senior underwriter Halifax Home Insurance comments: "Halifax customers can relax at Christmas as unlike most insurers it offers unlimited contents cover all year round. Although some insurers will increase contents cover over Christmas this still leaves the problem of re-evaluating your contents in the New Year. Its also vital for people without unlimited cover to remember to update their insurer with any changes to their contents value and be aware that some insurers, but not Halifax, will penalise customers who underestimate the value of their belongings.

www.easier.com