Insurance News

Posts Tagged ‘less

Chester, UK, February 24, 2011 (Insurance Headlines) February 25, 2011– Consumers with high interest-bearing debts can find relief by consolidating their balances to MBNA?s exclusive online credit card and enjoy a lower long-term rate.

The MBNA Rate for Life credit card offers a promotional rate of 5.9% and a low handling fee of 1.5% on all balance transfers and money transfers made within the first 60 days of opening an account, and Read the rest of this entry »

Investments are likely to be less of an impact to the bottom line of U.S. property-and-casualty insurers as the industry has taken steps to prevent more impacts like those seen in the past year, said Fitch Ratings.

The slumping stock market helped result in billions of dollars in investments losses and write-downs, resulting in concerns about insurers’ capital levels and prompting credit-ratings downgrades.

In a new report on P&C Read the rest of this entry »

Risk Management Solutions said its newest catastrophe models for earthquake risks in the United States will likely cut insured loss estimates 10 to 25 percent.

RMS in Newark, Calif., said the changes would be most felt in California and the reduction applied to the average insurer across all lines of business, with more modest changes in loss estimates for commercial business lines and larger reductions for residential lines.

The Read the rest of this entry »

Random roadside checks show that the percentage of people driving under the influence of alcohol appears to be declining, but many weekend drivers test positive for drug use.

The findings come from the latest roadside survey by the National Highway Traffic Safety Administration based on breath, saliva, blood samples and questionnaires taken from randomly selected drivers in 300 locations around the United States. In 1973, 7.5 percent of Read the rest of this entry »

Do you buy more auto insurance then you actually need? It’s estimated that millions of Texans do.

A new company says it can save you hundreds by selling insurance by the mile.

“Yeah, we sell insurance,” said MileMeter founder Chris Gay, “but we sincerely believe we are making the world a better place in the long run.”

The concept is based on a simple question: Why should a driver who puts 15,000 miles a year on his car pay Read the rest of this entry »