JLT Specialty launches Risk Practice division
JLT Specialty has launched a risk practice division following the reorganisation of its global risk solutions and regional partnership divisions.
California wants to limit stop-loss policies used by small employers
California insurance regulators are introducing, to the dismay of the insurance industry, controversial legislation to limit self-insurance for small businesses that they say undermines the federal health care reform.
Dave Jones
California Insurance Commissioner Dave Jones is expected to propose legislation this week that would bar insurers from selling stop-loss policies below a certain amount.
Cheap SR22 Insurance in West Virginia
WV SR 22 Requirements The state of West Virginia requires an SR22 filing, in conjunction with your liability insurance policy, for three (3) years following a drunk driving conviction. The state has drunk driving laws that makes it illegal for a driver to operate a vehicle with a blood alcohol concentration (BAC) of .08 or higher. West Virginia has lower BAC limits for drivers of commercial vehicles (.04) and for drivers under the age of 21 (.02), or zero tolerance. The West Virginia DUI law also prohibits the operation of a vehicle by drivers under the influence of narcotics, inhalants and other intoxicants.
If you are convicted of drunk driving in West Virginia you will be sentenced to jail for at least 24 hours, fined at least $100, your driver’s license will be suspended for up to 6 months and you must complete a safety and treatment program. P
Kiln appoints aviation underwriter
Specialist insurance and reinsurance underwriting group, Kiln, has appointed Paul MacMillan as active underwriter of its aviation division.
Mr MacMillan, who joined Kiln as deputy underwriter in 2007, has over 30 years’ experience in the aviation insurance industry.
Richard Lewis, director of underwriting at Kiln, comments: “His in-depth knowledge of the sector and specialist expertise will be of great benefit to Kiln as we pursue our strategy for growth.”
If I Got a Ticket for Running a Red Light will my Insurance Company Raise my Rates?
Factor like:
• Your age
• Any past tickets
• The insurance company itself
• How many points your state assigns for this particular type of ticket
As you can see, just getting a ticket is not the only thing that will determine if or how much your insurance rates will increase.
If you already have insurance, you don’t have to report that you got a ticket. Your insurance company will pull a Motor Vehicle Report (MVR) either at your renewal or every other renewal. It will be then that you will see any rate increase on your insurance; if they are going to raise it.
Assessing How Much Auto Insurance Coverage You Need
Determining the amount of auto insurance coverage you need would greatly help you in making a decision on which auto insurance policy would be best for you, your car and your personal situation. You need to note, however, that in order to determine how much coverage you need for your car, there are several things and factors that you need to consider. Here are some of those factors.
Your Vehicle: Generally, newer, bigger and more expensive vehicles need more insurance coverage primarily because of their higher value. This means that smaller and lower value cars are cheaper to insure while bigger, higher value cars such as sports cars and classic cars are more costly to insure. Read more…
New insurance policy uses Tom Tom to reward safe driving
Tom Tom and Motaquote have launched a new type of insurance policy which rewards sensible drivers with lower insurance premiums.
This scheme is called Fair Pay, it uses a customised Tom Tom Pro 3100 to collect data and information about how a person is driving, including any harsh cornering and sharp breaking. Fair Play claims the live feedback from the Tom Tom device will help price an insurance policy according to driving ability, rather than the customers’ postcode, gender, age or type of vehicle.
Thomas Schmidt, managing director of Tom Tom business solutions said that the move could help create “greener, safer driving”.
The Company said that if someone considers themselves to be a ‘good driver’ they could get the benefit with lower insurance premiums.
Feedback from the device can be provided to the driver in real-time using a combination of the Tom Tom sat-nav and a tracking unit which is fitted into the vehicle. Informati