| Insurance claims rose 14% last year
Insurance costs, particularly motor premiums, are likely to rise this year as the sector struggles with rising claims and falling operating profits. The Irish Insurance Federation's (IIF) annual Factfile survey for 2008, showed gross insurance premium income fell by 26 per cent to €13.4 billion, with the group saying this trend has been maintained in 2009.
Last year the Irish Insurance Federation's 22 domestic non-life members, which account for 95 per cent of the Irish market, saw their net underwriting profit drop 79 per cent to €228 million.
The value of gross premiums written by non-life members declined by 7.7 per cent to €3.33 billion, while the number of new claims rose to 605,883, up 14 per cent.
The IIF said 53 per cent of the new claims were car insurance while 32 per cent related to property insurance, partly due to the storms last August.
I Don't Have Health Insurance
I don't have health insurance. I have a job. I work 30 to 35 hours per week and I've had the job for almost two years now, but I don't get health insurance. I work at a hospital, as nursing aide, on the medical unit. My job is to look after patients who are disruptive and disoriented -- patients who are in the hospital for a stroke, or cancer, or pancreatitis or whatever, but they're having an especially hard time and they need extra attention -- that's what I do. I think it's a very hard job, certainly much harder than other jobs I've had. But I get no health insurance. You would think that a hospital would take an interest in the health problems of its staff. But if I get sick, well that's just my own problem. The hospital will just send me home without pay until I get better.
Geico Motorcycle Insurance - Insurance 101
We all take pride and joy in our motorcycles. Unlike our four wheeled vehicles, we tend to put more time, effort, devotion, and often money into the upkeep, and continual customization of our bikes. Therefore when it comes to insuring our bikes a lot of questions tend to arise, such as "what if I get in an accident," or worse "what if my bike is stolen, how will I get all that money back that I put into my bike?" Well, the staff here at HOT BIKE had a lot of questions about insurance too, so we decided to hit up a couple of companies, GEICO and Progressive Insurance with some of the more common questions that tend to arise. GEICO InsuranceHB: What kind of insurance do you offer for motorcycle riders?GEICO: We offer liability coverage for asset protection, medical payments coverage, and uninsured motorist coverages for potential medical bills, and comprehensive and collision to protect riders' bikes.
GOP continues pressure on Kagen
"Reform that includes a health insurance exchange, a strong public health insurance option, insurance market reforms and tax credits for small businesses will promote transparency, increase competition and drive down costs for small businesses," Dave Mason, legislative and policy director for the alliance, said in a statement. .
Local Business Report: Vineland insurance agency celebrates 35 years
Heritage specializes in commercial and homeowners insurance. "By specializing in commercial coverage, we can dedicate more time and resources to our business clients, and that holds true for homeowners insurance as well," the owners report. With all three Connollys looking at coverage, "nothing gets missed and you can always reach us," they say. "That's where the value is in doing business with a family-run agency. We know the clients, the school system and the territory. We know what's important to people and their business." The owners added: "Now is an excellent time to look for better rates on business and homeowners insurance. The marketplace is more competitive than ever before, and we're always looking for new local accounts." Espoma plans to expand in Millville MILLVILLE -- The city's Planning Board on Monday night approved a new warehouse at the Espoma Co.
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