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Proposed reforms to solicitors’ PII “inadequate”

14 April, 2011

The Association of British Insurers (ABI) has described proposals from the Solicitors Regulation Authority (SRA) regarding solicitors’ professional indemnity insurance (PII) as “inadequate” and likely to worsen fears for the future of the market.

According to the ABI, the SRA has failed to understand that the Assigned Risks Pool, which is used by solicitors unable to purchase PII, needs to close this year rather than in October 2013, as proposed by the SRA.

The ABI also wants to see a move away from the current “one size fits all” minimum policy terms and conditions to allow policies to be tailored to risk.

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Lowes and Praia rate Assen

12 April, 2011

PARKALGAR HONDA’S Miguel Praia is looking to turn Assen into one of his favourite tracks when he visits it for the third round of the World Supersport Championship this weekend.

The Portuguese Parkalgar Honda racer is coming from a confidence inspiring 11th place at the previous round and is looking to improve at Assen with a season best result.

Parkalgar Honda’s Sam Lowes is upbeat and buoyant about his chances at Assen, a firm favourite circuit. There is practice and qualifying sessions at the circuit on Friday and Saturday before the race takes place at 1330 CET on Sunday, April 17th.

Miguel: “I have been discussing with my Parkalgar Honda team why I am missing a bit of speed going through fast corners compared to last year – and we think we have an answer we can test at Assen. Read full post…

Indian Travel Medical insurance

10 April, 2011

Professionals, businessmen, industrialists in India often plan their overseas journey or varied reasons. Most of the travellers who are stepping outside home country cannot ignore the importance of medical insurance coverage. There Indian insurance companies who offer effective medical insurance for overseas travellers. Indian travellers can have an unbiased comparison of travel insurance plans at Eindiainsurance.

Despite of several Indian insurance companies, the comparison and purchase of overseas travel insurance policies is made easy at Eindiainsurance. The purchase facility is followed by a compare feature available online for Indian travel medical insurance plans.

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Effect of Federal Government Shutdown on Insurance Industry

10 April, 2011

If Congress fails to pass a budget for the rest of 2011 and the federal government temporarily shuts down, it should still be business-as-usual for the property/casualty insurance industry.

Since the industry is largely regulated by the states, not Washington, the impact on the property/casualty insurance industry should be minimal. Most insurance licensing, product and rate approvals, and other state regulatory activities will continue.

A shutdown will not affect the federal flood insurance program, which will continue to sell and service policies, or the federal crop insurance program, according to officials.

Also, the Federal Emergency Management Agency , part of the Department of Homeland Security, will continue whatever disaster efforts it has underway, including those for spring floods, since those are funded out of a special disaster relief fund and not annual appropriations.

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New Cars Over $35,000 – Is Car Insurance More Expensive?

9 April, 2011

If you are planning to purchase a new car over $35,000 in value, or if you already have made the purchase, you may be wondering if your insurance rates are going to go up. Unfortunately, the answer to that question is yes. Generally, the more valuable a vehicle is, the more it will cost to insure. The good news, however, is that there are many things that you can do to lower your insurance rates. While you won’t be paying the lowest rates around, you can enjoy significantly reduced rates as you drive your new and very valuable automobile.

Before we share a few money-saving tips, however, you need to know that the cost of the coverage isn’t the only thing that matters when choosing an insurance policy. You

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