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News
What happens when a home insurance policy contradicts itself over a new boat
3+ day, 7+ hour ago (583+ words) A recent Ontario court decision is a reminder that boat owners cannot simply assume their homeowner's or cottage insurance automatically extends to a new watercraft, according to Adam Wagman (pictured), partner at Howie, Sacks & Henry LLP, who represented the family…...
Underinsurance often starts with the premium, not the peril
4+ day, 20+ hour ago (572+ words) A softening commercial property market hands clients something they have not had for most of the past decade: room in the insurance budget. What happens to that room at renewal is the decision that gets tested years later, at claim…...
Clients rarely see the full expert report insurers use to decide coverage, Aon claims director says
6+ day, 8+ hour ago (449+ words) A related and thornier issue, Rosenbaum said, is what happens once an expert's report is actually finished. Insurers rely on those reports to determine a coverage position, but clients are typically shown only the portions the insurer chooses to share,…...
Wagga Wagga’s flood levee didn’t lower premiums. Now insurers must explain why
6+ day, 4+ hour ago (529+ words) A roundtable is set to bring together the Insurance Council of Australia (ICA), federal and state politicians, local government, and regional insurers to examine insurance affordability and flood risk in Wagga Wagga – a city whose residents have watched premiums climb…...
Home insurance remains an afterthought for many brokers
1+ week, 8+ hour ago (655+ words) General insurance is still being treated as an afterthought rather than a core part of financial advice, despite growing focus on customer outcomes and ongoing concerns about underinsurance, according to Mark Chappell (pictured), head of intermediary at Ceta Insurance. The…...
Buying insurance at discount? Think twice
1+ week, 1+ day ago (721+ words) Buying insurance is commendable. Being a prudent buyer of insurance is even better. That means more than bargaining for lower premium or looking for more benefits. Insurance is different from most products and services we buy. The price reflects the…...
Ontario Storm: Homeowners frustrated with insurance company
1+ week, 2+ day ago (413+ words) Kitchener couple call insurance process unfair after tree falls on garage CTV News Doug and Alicja Arnold say Wednesdayâs storm didnât just damage their home, it also sparked a battle with their insurance company A tree on the…...
‘Caught in a trap’: The most expensive regions for insurance on Australia’s east coast revealed
1+ week, 2+ day ago (1740+ words) Megan Vicary is among the growing ranks of Australians who do not carry full home insurance. The 52-year-old moved to her 10-hectare property in Yarramundi in the Hawkesbury region nine years ago and had an insurance policy that cost her…...
Home Insurance Claims Hit Record £7,000 Average as Carlisle Roofer Highlights Difficulties With Roof Damage
1+ week, 4+ day ago (680+ words) JMW achieves profit increase and invests £10m in new flagship Deansgate offices Bev Craig elected new Mayor of Greater Manchester Manchester United going ‘in good direction’, Ten Hag says despite results bet365 becomes official global partner of UEFA Champions League Manchester United:…...
Insurance premiums soar as Christchurch customers report rises topping 30 percent
1+ week, 4+ day ago (1205+ words) Christchurch insurance customers are reporting sharp rises across car, home, contents and health policies, with some annual premiums up by more than 30 percent and consumers questioning how the figures are being calculated. One AA Insurance customer provided chrislynchmedia.com with…...