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The Murugappa Group is planning to get into life insurance business
By James Tam on November 19th, 2007
The Murugappa Group is now planning to get into life insurance business; its sources said that this group got inspired from its great sucess in general insurance business so after gaining big profits in general insurance, Murugappa thought why not start life insurance as well. Sources also said the Murugappa Group would go in far a partnership with Mitsui Sumitomo for the life business enterprise as well, The Japanese company was also wanted to join with the Murugappa Group in the proposed life insurance venture. Mitsui Sumitomo is the second largest insurance Group in Japan with a net written premium of $12.46 billion in 2006. it is said that Murugappa Group was looking for a three-way partnership for its proposed life insurance business.
Read: hindu.com
Two Niagara Falls men got Arrested: Charged With Insurance Fraud
By James Tam on November 15th, 2007
Two Niagara Falls men Jack Easterly, 49, of 194 61st St., and Kenneth Zortman, 48, of 4536 Liberty Drive got arrested Niagara Falls police charged with insurance fraud. The charges were filed when Easterly collecting lost wage benefits after claiming that he was not able to work following. But the investigating team claimed that this fraud man was found in the video working at many construction places after the traffic accident event took place and one important thing is Easerly was watched working with Zortman. According to Police Authority Zortman submitted a fake wage verification report to Progressive, so that his partner ‘Easterly’ could get benefits. Niagara County Assistant District Attorney Charles Pitarresi is prosecutor of this case.
Read: bizjournals.com
Progressive Group of Insurance Companies
By James Tam on November 14th, 2007
The Progressive Group of Insurance Companies is the country’s third largest auto insurance group and largest seller of motorcycle and personal watercraft policies based on premiums written. Progressive is customer’s first preference for auto insurance, it provides competitive products and rates that meet drivers’ needs throughout their lifetimes, superior online and in-person customer service, and best-in-class and it also provides all the time claim service. A large number of independent agencies sell Progressive products containing private passenger auto, Progressive Commercial, Progressive Motorcycle, Progressive RV and many more. Jim Lloyd, Progressive’s agency distribution leader said “It’s plain and simple – we want to drive customers to our agents’ doors so that we can grow together for many years to come.”
Read: theautochannel.com
Policies for Rental car Owners
By James Tam on November 13th, 2007
When you drive a rental car, you are responsible for the damage to or loss/theft of the car you rent during the period it’s in your possession. Most personal auto insurance extends liability coverage to rented cars, as a minimum for occasional use. You are potentially liable for any harm you do to another personal sitting in the other car or another person’s property, if you are driving a rental car. A number of insurance companies offer “non-owner” automobile policies, these policies cover you not only when you rent cars, but also if you borrow a car from someone. Policies generally cover you for a fixed term, not per-rental.
Read: smartertravel.com
Get a Life Insurance Policy for You and Your family
By James Tam on November 12th, 2007
A life insurance policy is something that provides financial coverage to our lives and family. If you are above eighteen and eligible to enter into a valid contract, you can easily get insurance policy. There are many types of insurance policy in the market offered by the companies: these policies are as follows:- Money Back Policy- A part of the sum assured is paid to the policyholder in the form of survival benefit at fixed intervals, before the maturity date and the risk coverage on policyholder’s life continues even after payment of survival benefits. Endowment policy – the face value of the policy either at the time of death of the policyholder or at the time of maturity of the policy is paid. But the premium is much higher than for a whole life policy. Whole life policy- policy holder has to pay a fixed amount of premium every year based on his age and amount insured. This policy provides whole life coverage and accumulates cash values that can be used for emergencies.
Read: economictimes.indiatimes.com
