2008-10-15 BusinessWorld Online: Insurance tax dispute reaches court

On the other hand, Philippine Insurers and Reinsurers Association (PIRA) argued that that provision in the tax circular is a clear violation of the double taxation principle since one and the same contract or sale of insurance cover is being subjected to two documentary stamp tax impositions.

First Guarantee Life Assurance Company, Inc. President and former PLIA President Peter G. Coyiuto, who sees a "blimp" in revenues this year, said insurance coverage is "not always tied up with consciousness but per capita income. "

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2008-10-14 Should RBI insure MFs: Subbarao-India Business-Business-The Times of India

Apart from small deposits, he asked whether government should extend guarantees to money markets and mutual funds also. US increased the insurance coverage from usd. 1 lakh to usd. 2. 50 lakh on bank deposits. European countries also, various countries increased the insurance coverage. Indian government guarantees only Rs 1 lakh deposits with bank. In case of capital account convertibility, such insurance cover will lead to flight of capital to safe heaven or country which is giving maximum coverage.

timesofindia.indiatimes.com

2008-10-14 Financial Standard-FPA joins IFSA in mental health initiative

The Memorandum of Understanding has been developed back in 2001 to ensure that people with mental illness or had a history of mental illness have access to better insurance cover. In the past, many have been declined insurance or that their insurance costs were based on out-of-date or overseas data.

Among IFSAs findings was that the number of people applying for insurance who were declined by insurers due to the existence of a mental health condition has halved since 2003 and a majority of applicants have been able to obtain life insurance cover at standard rates, or with an exclusion applying to the mental health condition.

www.financialstandard.com.au

Planners will take on the mantle of providing better insurance cover for people with depression or other mental illnesses after their representative body, the Financial Planning Association (FPA) joined life insurance industry players in signing this years MOU with the mental health sector.

2008-10-14 Travel Insurance Last Minute Cancellation Cover

Rothwell and Towler are authorised and regulated by the Fininacial Services Authority. Travel Insurance premiums and availability of cover may vary depending on individual circumstances. A full policy wording is available on request.

Research by has found that about two thirds of Brits travelling abroad are missing out on full travel insurance cover by not booking early enough.

Peter Gerrard, head of insurance research at , said: "It seems holidaymakers are booking flights but leaving their insurance until the last moment.

www.world-first.co.uk

Holidaymakers who are booking flights but leaving their travel insurance until the last minute will miss out on valuable holiday cancellation cover which will protect them if the trip is avoidably cancelled. - Travel Insurance Last Minute Cancellation Cover

2008-10-12

By the way it is like general practice. Indians, generally middle class Indians are not known to be attracted to insurance. They want to avoid the cost of getting insurance cover. May be it is due to the fact that they simply don and rsquo;t have the means to get insurance covers for them and their kids.

The ISRO officials have said that the project in not covered under any insurance as Chandrayaan-1 is a scientific project and that it would not require any insurance cover. and ldquo;We have not taken any cover for this project, and rdquo; S Satish, spokesperson of ISRO said.

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Breaking new from India India news NRI news diaspora news views, book reviews - NRIs Indian diaspora India news

2008-10-11 PU gets insurance-friendly-Chandigarh-Cities-The Times of India

It is a good move by the authorities to fulfill our long pending demand. Insurance cover will help the students and is really very important as in different varsities it is a rule, said Brinder Dhillon, SOPU campus president.

CHANDIGARH: The Panjab University authorities have finally decided to meet the students demand of implementing accidental insurance cover of Rs 2 lakh to the students of the university.

After many meetings, a final meeting was held on October 7 to finalize the details. A final decision is expected to be taken on . Each student will contribute Rs 100-125 per year approximately. Talks were already on with New India Insurance for the same. It is learnt that the present Students Council of PU will be involved in the decision making to avoid any later issues.

timesofindia.indiatimes.com

2008-10-13 Credit insurance claims surge as companies suffer-Business News, Business-The Independent

Credit insurers were largely ignored during the boom years but a raft of high-profile companies have been affected by the pulling of credit insurance cover, including Woolworths and sports retailer JJB, in the past few weeks.

Trade credit insurance claims are a good indicator of what is happening in the economy and how it is affecting UK businesses," said Nick Starling, director of general insurance at the ABI. "The figures show that UK businesses are really starting to feel the pinch. "

www.independent.co.uk

Claims by companies holding credit insurance policies have surged by nearly a third as the effects of the credit crunch seep into the real economy, according to findings from the Association of British Insurers (ABI).

2008-10-13 Daily Herald Renters often responsible for damages, despite insurance

As far as the owners insurance coverage, we dont have any idea what coverage, if any, the owner of the building has for this type of claim. Typically the owners insurance covers the buildings but does not cover your personal property. You have not indicated that you have any damage to your personal property, but be aware that the owners insurance is not likely to afford any coverage. In most circumstances, the owners insurance will pay for the repairs to the building, but there is likely a deductible of at least usd. 1,000 and as much as usd. 2,500 or even higher. Thus, the owner is not likely to be reimbursed for the usd. 1,233 in damage. Even if the owners insurance company did agree this was a covered loss and made the payment to the owner, the insurance company would seek subrogation (reimbursement) from you for causing the damage.

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2008-10-13 Should RBI stand guarantee for mutual funds too in crisis

A relevant issue in this context (global crisis and large scale bail-out) is the efficacy and coverage of deposit insurance. What should be deposit insurance cover How are small deposits to be defined" he said at the meeting of the International Monetary and Finance Committee here.

Washington (PTI) Reserve Bank of India Governor D Subbarao has mooted a debate on whether insurance cover provided to bank deposits should be extended to money markets and mutual funds in a crisis situation.

www.ptinews.com

2008-10-09 Nearly half of working women do not have enough insurance to protect against unemployment

The findings from AXA show that only a third of insured women believe they have adequate insurance cover in place should they, or their partner be faced with losing their job, while almost one in five (18 per cent) feel they are financially independent enough to cope should this happen.

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Iain Mallon, head of protection at AXA, said: "We have seen a significant shift in the role of women since the 1970s, however this shift has not been replicated in womens attitudes towards protection cover.

www.myfinances.co.uk

Nearly half of working women do not have enough insurance to protect against unemployment - Insurance life insurance