Saturday, October 28, 2006

Allianz to cut more than 7,000 jobs


German financial services provider Allianz has announced over 7,000 job cuts in a corporate cost-cutting drive across its insurance and banking businesses.


Risk Management Solutions inks licensing deal


Risk Management Solutions Inc. announced Monday that Beaufort Underwriting Agency Ltd., a Lloyd's of London managing agent, has licensed its catastrophe modeling platform to manage insured risks.


Friday, October 27, 2006

Does UMPD apply in PA? If so, is there a lower deductible versus your collision deductible that ...


The UMPD also known as Uninsured Motorist Property Damage coverage usually covers yourvehicle's damages from an accident caused by a driver that is uninsured. UMPD is not an available coverage in Pennsylvania. These are the available coverage in PA: Mandatory Pennsylvania Li...


Wednesday, October 25, 2006

I have two cars with full coverage and a $250 deductible on collission. ...


Thank you for your inquiry. I'm assuming that you and your spouse are insured by the same insurance company. If so, some insurance companies waive one of the deductibles if both parties are insured by them. We have also seen situations where companies charge both deductibles t...


Monday, October 23, 2006

My wife backed out of my garage and hit my truck. ...


It doesn't sound normal. It would appear that the Property Damage Liability from your policy would pay for the property damaged, unless there is some exclusion or policy definition that doesn't substantiate the claim. This is what PD pays for: Covers you if your car damages s...


Sunday, October 22, 2006

My son turns 18 tomorrow. We are giving him a 1996 Honda Accord with 69,000 miles on it. ...


For a young driver you will want to purchase the most insurance you can afford. You willnot need to purchasePhysical Damage coverage if you don't want the car covered. Depending on your state, you can elect these coverageoptions to protect him: Liability Coverage (LIABILTY)...


Virginia Offers Consumer Guides with Sample Auto, Home Premiums


Virginia's Bureau of Insurance has updated its free auto and homeowners insurance consumer guides and corresponding premium comparison pamphlets.
The guides are designed to help consumers understa


Friday, October 20, 2006

My step-son moved to Alabama to go to college. ...


First, to find out if your step-son can stay on your policy even without being a part of your household or going to college, you will need to check with your insurance company to find out. Insurance company's guidelines differ so it will depend upon what their underwriting rules...


Thursday, October 19, 2006

On a Michigan automobile insurance policy what do the abbreviations MCCA, MAIPF, MATPA mean?


MCCA = Michigan Catastrophic Claims Association The MCCA is a mandatory state assessment that is determined by a group of private insurance leaders.If you are catastrophically injured in a car crash, the MCCA will pay every medical expense your regular insurance does not cover...


My 16 year old daughter recently got her drivers license. ...


We are not aware of any law that would prevent your 16 year old daughter from obtaining a car or insurance on it in New York at her age. There are some insurance companies though that will want her to have a full active license, so if she has only a permit or junior license then...


N.H. Places ACA, Fraternal Benefit Society, in Temporary Rehabilitation


The New Hampshire Insurance Department and the Board of Directors of ACA Assurance jointly announced that ACA Assurance has temporarily been placed in rehabilitation.
ACA Assurance is a Manchester


Wednesday, October 18, 2006

I have full coverage. I was involved in a car accident where the police took me for DUI. ...


Your insurance company should cover you, even if you were convicted of a DUI. You need to report the accident as soon as possible. The other party may have already reported it, so you need to contact your carrier to explain all the relevant facts related to the accident. Typica...


My mother has a car which is insured under her name, with a lien on it. ...


If your mother's insurance company was aware of the situation, your mother insuring a car that has the loan under your name, and there were no exclusions in her policy that would preclude you from driving the car and being covered under her policy, then the accident should be co...


Sunday, October 15, 2006

My son is excluded from my auto insurance policy but sometimes I allow him to drive my vehicle ...


It will depend upon state laws if your son would be ticketed or not if he was pulled over in your vehicle which he is basically driving without insurance. If your state requires every driver to be insured and he cannot prove that he is then he likely would be ticketed. If instea...


Saturday, October 14, 2006

My daughter, while she was insured under us, had to make a claim for a fender bender in 2004. ...


Yes, even though your daughter now has her own car with its own auto insurance policy on it, normally the claim that your insurance company paid in the past for her could still affect your rates. State laws can differ regarding this so you can check with your state's insurance ...


Friday, October 13, 2006

My son was involved in an accident in which our truck was deemed totaled. ...


State laws do differ but from what you described it would appear that in general what your insurance company is suggesting would be legal. It sounds as if you placed a claim with your own vehicle's collision coverage and thus there would be your normal deductible due, even if ...


Thursday, October 12, 2006

Bendigo Bank launches health insurance


Bendigo Bank is to utilize its network of over 340 branches throughout Australia in order to sell health insurance in collaboration with healthcare and financial services group Australian Unity.


Wednesday, October 11, 2006

Two months ago, I bought a pre-owned but new-model 2006 car. ...


If you were the one at-fault in the accident then you will need to place a claim with your physical damage collision coverage . This coverage comes with a deductible which you would have chosen at the inception of your policy. As part of the claims process an insurance adjust...


Sunday, October 08, 2006

Norwich Union launches pay-as-you-drive insurance


Norwich Union has launched the UK's first pay-as-you-drive insurance policy, an innovation that will allow motorists to take greater control over their insurance and, in some cases, save up to one third on their premiums.


Saturday, October 07, 2006

I will be doing a favor to a crippled war veteran by shuttling him around in the up coming ...


State laws differ but we can give you general information regarding your many questions. Auto insurance typically follows a vehicle first and driver second. This means that the owner of the vehicle, your friend that is a disabled veteran, needs to have insurance on the vehicle a...


Friday, October 06, 2006

Someone purchases a car and gets it insured, plus they purchase additional GAP insurance. ...


No, as far weare awarethere is not a GAP insurance policy that pays out on a claim if your primary insurance company was not in effect nor paid out the actual cash value (ACV) due to the vehicle being declared a total loss. GAP insurance providers' guidelines may differ but ...


My son took my fully insured 06 Chrysler without my permission and got into a accident. ...


You will have to contact your AAA insurance agent to find out for certain if they will allow a claim under your collision coverage for your Chrysler that your son had an accident in, but it is highly unlikely that they will accept a claim on it and we do not know of a way in w...


Thursday, October 05, 2006

My friend was driving his girlfriend's car (with her permission) and got a speeding ticket. ...


State laws differ;some states require the vehicle to be insured while others want every driver to be insured specifically. As long as the car that your friend was driving had insurance on it by the girlfriend (thus he was not operating an uninsured vehicle) it likely will not m...


Hi I am 16 years old and just got my G2. I was wondering if I can drive in a friend's car that ...


According to the Insurance Bureau of Canada for a G1 driver there is no premium charged but the insurance company should be advised that there is a level 1 driver in the household. When the driver obtains the G2, the insurance company again should be notified. With your G2 most ...


Tuesday, October 03, 2006

I have a friend whose license is in Delaware but received a ticket in Virginia for going 83 in ...


Delaware and Virginia are both members of the Drivers License Compact which requires members to report back to the home licensing state of a driver any convictions for traffic violations, such as speeding. So once your friend is convicted of her speeding citation the Virginia co...


Industry to Congress: Permanent Solution to Terrorism Insurance Vital


Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, "Protecting Americans



My paint on both fenders and hood were scratched in a parking lot by stray dogs. ...


If the paint scratches on your hood and fenders are covered by your auto insurance it would under your comprehensive coverage. Comprehensive is a physical damage coverage which there is typically a deductible for which you chose the amount of when you started the coverage. Ph...


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