By Brayden Daley on 20-10-2011
In the previous article in this series we learnt about the humble beginnings of Lloyds as a relatively small coffee shop on Tower street. Whether it was an incredible piece of foresight or simple luck Lloyd developed a very specific clientèle of sailors, ship owners and merchants for boat insurance and marine cargo insurance risks.
Lloyds wasnt the only coffee shop to do insurance business but it set the standards. In 1748 nearly one hundred houses including the famous coffef houses of Jonathans, Garraways and others were destroyed by a fire that ravaged Cornhill and in which scores of people perished and damage to the exent of £200,000 (nearly 200million in todays money) was caused. T
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By Zane Backhouse on 17-10-2011
Julie Davis, VP of Heffernan Insurance Brokers, provided a keynote speech at Stanford University during the quarterly California Women’s Network meeting in July 2011, according to a release.
She spoke about the growing area of Collaborative Consumption. Latitude and Shareable Magazine released findings of “The New Sharing Economy Study,” which uncovered new opportunities for entrepreneurs, investors, and established companies in the growing area of “shared services.”
The study points to top opportunities for new sharing services. They include firms that have an operating model that share physical spaces, tangible assets and property, intellectual property, household goods, online communities and network and more. It is pre
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By Brayden Daley on 16-10-2011
In the aftermath of Hurricane Irene, insurance companies are adding up the costs of what has been the most expensive year for natural disasters in the history of the world.
“It’s becoming more and more clear to everybody that we’re seeing crazier weather than we have in the past. The one-in-100-year storms are occurring seemingly once every year,” said Leonard Sharman, spokesman for The Co-operators, one Canada’s top insurers.
“Since the 1970s, the cost of natural disasters has gone up 20 times.”
According to the Insurance Bureau of Canada, that hasn’t translated into higher premiums for consumers. Data collected
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By Lilly Syme on 14-10-2011
Motoring is an expensive business – and getting more so, it seems. Car insurance costs are going up, particularly for young drivers, and petrol prices remain near record highs. Just days ago, Tesco said shoppers had less to spend in its stores because they had to fill up their tanks.
To help you keep motoring costs to a minimum, we have assembled a panel of experts to answer some of your questions. W
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By Zane Backhouse on 13-10-2011
Lightning strikes twice for nearly one in 10 people who make a related insurance claim, with property owners in Wales and West of the UK 89% more likely to suffer lightening damage than elsewhere.
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By Zane Backhouse on 27-09-2011
If I had a dollar for every time somebody told me they dont need disability insurance because they dont believe they will ever get in an accident (auto or otherwise), I would be a wealth man (well, maybe Id have a couple of hundred dollars more in my pocket).
First of all, who believes they will ever be involved in a career-shortening accident? Secondly, the majority of disabilities are not caused by accidents. Accident-related claims account for less than 10% of claims, according to the Council of Disability Awareness (CDA).
The majority of claims, in fact, are caused by illness and disorders. According to the CDAs 2010 Long-Term Disability Claims Review, the following are the leading cause of claims in 2009:
- Musculoskeletal/connective tissue disorders caused 26.2% of new claims (includes claims caused by neck and back pain; joint, muscle and tendon disorder; foot, ankle and hand disorders, etc.).
- Nervous System-Related Disorders caused 13.7% of new claims.
- Cardiovascular/circulatory disorders were responsible for 13.1% of new claims (includes claims caused by heart and circulatory disorders, stroke, etc.).
- Cancer caused 8.4% of disability insurance claims.
Unfortunately, illness happens and one never knows who and when one will be affected. The bottom line is, if you and your family rely on your income, you should look into protecting that income by purchasing a disability insurance policy. To find out more about how disability insurance works, visit our Disability Insurance Education Center.
If you would like to see how much it would cost to protect your income, request disability insurance quotes from the top disability insurance companies click the Get Started button above.
By Lilly Syme on 26-09-2011
As part of this years Life Insurance Awareness Month, LIFE (The Life and Health Insurance Foundation for Education, a non-profit organization dedicated to educating the public about life, health, disability and long term care insurance) has produced a great piece about the importance of life insurance and the way it provides security for families. Visit www.lifehappens.org if you would like to see the original article, The Seven Wonders of Life Insurance, and some great supporting videos. In the meantime, here are the key points made in the article:
Many people purchase life insurance to pay for funeral and other final expenses. With proper planning, life insurance can provide much more for your family. Here is what life insurance can do for you:
- Life insurance can buy time.
It affords your family and loved ones the time they need to grieve. Without life insurance, they might need to scramble to come up with the funds to pay for final expenses.
- Life insurance provides a fresh start.
It allows your family to pay off debt (including the mortgage) so they can start with a clean slate.
- Proceeds from a life insurance policy can generate income
Your family might choose to invest the death benefit in a conservative investment and live off the interest for years to come, leaving the principal intact.
- Life Insurance can offer flexibility.
Your surviving spouse can take time off of work, if needed and/or perhaps switch to a new job that offers a more flexible work schedule, leaving more time to care for the family.
- The funds from a life insurance policy can create opportunities.
They can provide funding to start a business or pay for schooling to train for a new career.
- Life insurance can fund the future.
It offers a way to fund long-range goals like a college education for the children or to fund a retirement plan for a more-comfortable retirement.
- Life insurance can leave a legacy.
It gives parents a chance to leave future generations with the legacy of long-term financial security.
Celebrate Life Insurance Awareness month by reviewing your life insurance policy to make sure you have enough coverage and, if not, get term life insurance quotes or universal life insurance quotes by clicking Start Your Instant Quote above and supplement your current coverage. If you dont currently own a life insurance policy, now is a great time to start.
