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financial news publisher Fairinvestment.co.uk recently reported that approximately 10% of UK holiday home owners did not have an unoccupied home insurance policy in place for their secondary properties. Citing research conducted by a prominent UK insurer, the report revealed that up to 160,000 unoccupied properties are also underinsured, placing their owners at risk financially. Unoccupied [...]
Archive for May, 2010
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Unhygienic food being served in canteens of Allied hospitals
Posted by gary on May 31st, 2010
The canteen owners in Allied hospitals are selling un hygienic and sub standard food while the hospital administrations are playing role of silence spectator. Talking to this news agency here on Thursday the visitors at the hospital complaint that unhygienic food is being sold in the canteens at exorbitant rates. The visitors said that they [...]
Meadowbrook Insurance Group Earnings Hindsight: 10.28% Appreciation In 25 Days (MIG)
Posted by gary on May 31st, 2010
When Meadowbrook Insurance Group (MIG) reported earnings 25 days ago on May 03, 2010, analysts, on average, expected the company to report earnings of $0.24 on sales of $177 million. The company actually reported EPS of $0.30 on sales of $174 million, beating EPS estimates by $0.06 and missing revenues estimates by $3 million. Since [...]
IBC and FCM announce winners of first annual Watershed Awards to recognize communities adapting to effects of climate change
Posted by gary on May 31st, 2010
City of Edmonton wins national Watershed Award Insurance Bureau of Canada (IBC), in partnership with the Federation of Canadian Municipalities (FCM), today announced the winners of the first annual Watershed Awards to recognize Canadian municipalities that have taken proactive measures to reduce their vulnerability to storm and wastewater damage. The awards, which are part of [...]
Insurer has tough sell ahead
Posted by gary on May 31st, 2010
life insurance provider Tower Australia seeks to raise $A96m in a new capital sourcing move. However, institutions appear unreceptive to the road show headed by MD Jim Minto, who argues the strategy is designed to have all potentially required funds available at the same time. The issue price in the seven-for-one placement is $A1.85, compared [...]
INTRODUCING INSURANCE CBX – IMPROVES BUSINESS PROCESS RENOVATION
Posted by gary on May 26th, 2010
Introducing Insurance CBX – Accelerating Business Process Renovation That Drives Efficiency and Growth LAS VEGAS, PITTSBURGH, Pennsylvania and CHENNAI, India, May 25 /PRNewswire-AsiaNet/ – Intellect SEEC, a Polaris Group Company, is announcing the launch of its new Collaborative Business Solutions – Insurance CBX. These solutions are designed to effectively utilize portal technology, process choreography and [...]
INDIA’S RELIANCE LIFE INSURANCE LAUNCHES NEW INVESTMENT PLAN
Posted by gary on May 26th, 2010
India’s ADAG (Anil Dhirubhai Ambani Group) group company Reliance life insurance on Tuesday launched a traditional investment plan that provides life protection and regular savings with annual guaranteed investment returns. “The Reliance Life Traditional Investment Insurance Plan combines life protection and regular savings with complete transparency and flexibility features and advance guaranteed returns,” Reliance life [...]
CHINA TO LOOSEN LIMITS ON STOCK MKT INVESTMENT BY INSURANCE COS
Posted by gary on May 26th, 2010
The China Insurance Regulatory Commission (CIRC) is to loosen the upper-limit on insurance companies’ investment in the unsecured debts and A- and H-share markets, Shanghai Securities News reported on Wednesday. According to the new policy, insurance capital’s investment in securities and equity funds shall be no more than 20 per cent of their total assets, [...]
