Travel insurance complaints soar as insurers use medical ‘get-out clauses’ to withhold payments

Posted by | Posted on 03-01-2012

An investigation by Which?, the consumer group, has accused insurers of changing terms after the policies are sold, often leaving British travellers without any cover.

The report found cases of people who had their medical cover removed even though their doctor said they were fit to travel, and were left travelling with no insurance.

Some then lost all medical cover because of a new minor illness.

But the Which?

Read more…

Horizontal Exhaustion: A Shallow Victory for the Excess Insurer Where the Underlying Limits Cannot Be Stacked

Posted by | Posted on 13-12-2011

By 2004, more than 24,000 claimants had filed asbestos bodily injury suits against Kaiser Cement and Gypsum Corporation (“Kaiser”),  as a result of their exposure to Kaiser’s asbestos products. Kaiser exercised its right to select a single primary insurer to respond to the entire loss –the Truck CGL policy issued in 1974 with limits of $500,000 per occurrence. The claim of each asbestos bodily injury claimant was deemed to have been caused by a separate and distinct “occurrence”within the meaning of the Truck policies.  By October 20

Read more…

PPI mis-selling claim succeeds – with a little help from The Observer

Posted by | Posted on 09-12-2011

CT of Bath nearly lost out having premiums for a missold PPI policy refunded until he invoked name. He had switched his mortgage away from Halifax six years ago and stopped the policy when he realised that, as a self-employed hairdresser, he would never be eligible to make a claim.

Earlier this year I urged him to reclaim his wasted money. When he phoned Halifax he was asked for his PPI policy number. He no longer had this, although he did know the old mortgage number. The clerk was adamant that, without the PPI number, there was nothing the bank could do. CT insisted that I had told him he could make a claim even though he had not paid premiums since 2005.

“Is that newspaper?

Read more…

For The Cheapest Teen Car Insurance, Teach Your Kid To Drive In Adverse Conditions

Posted by | Posted on 06-12-2011

Along with the hot wheels, cool trim, leather interior and killer sound system, your sports car came with another line item add-on that wasn’t part of the MSRP: sports car automobile insurance. Insuring your shiny fast ride can add thousands of dollars to cost of ownership over the life of the car…unless you’re a savvy shopper. Here’s what you need to know to help you find cheap sports car insurance (or at least reasonably priced). For starters, different insurance companies have different definitions of what is and isn’t a sports car. This is typically based on a VIN (vehicle identification number) system published by the Insurance Services Office or the company’s own ranking system. Either syst

Read more…

Life Guarantee Protection

Posted by | Posted on 02-12-2011

You will not be able to live forever because you buy life guarantee protection coverage. You will however be able to have the peace of mind that when you do leave this world you will not be leaving your family a pile of bills they cannot afford to pay. You will also not be leaving your spouse to financially provide for the children for the remainder of their days alone. You will have given your family the most thoughtful gift that a person can give. You will have given them the financial means to continue on after you are gone.

That does sound a tad morbid, but the truth is that death will one day claim each and every one of us. Read more…

DOL sues benefit plan administrator over $436,000 in plan losses

Posted by | Posted on 25-11-2011

The U.S. government filed a federal suit against a benefit plan administrator and its president, seeking to restore $436,322 to two benefit plans of Columbus, Ohio-based Clark Graphics.

The U.S. Department of Labors Employee Benefits Security Administration alleges in the suit that the plans administrator, Pension Retirement Planning, along with its president, Marcia Dowdell, failed to account for money deposited to the plans in violation of the Employee Retirement Income Security Act.

Additionally, the suit alleges that the owners of Clark Graphics — Mary Clark, James Clark and Stephen Clark — failed in their fiduciary responsibilities as plan trustees by neglecting to monitor the actions of Dowdell and Pension Retirement Planning. The

Read more…

£5 million medical cover with every policy. Here’s why.

Posted by | Posted on 21-11-2011

At World First we take the medical benefits of our travel insurance very seriously. Every single one of our customers receives £5 million worth of cover for medical costs. That covers treatment, replacing medication and repatriation to the UK if you need to be treated here.

You might think £5 million sounds like a lot.

It is. But we don’t want to risk our customers getting caught out. The cost of foreign medical care can very rapidly get out of control. Way out of control. And

Read more…

How to get the cheapest car insurance: Ten tips for cheaper car cover

Posted by | Posted on 20-11-2011

One in three consumers is paying over the odds for car insurance, according to the RAC.

Nearly half of Brits do not bother to seek a number of quotes and one in four renew their car cover instantly, without using the opportunity to save hundreds of pounds.

So, given that premiums are rising steadily, it it is well worthwhile following our ten steps to lower premiums.

1. Shop around for the best deals. Savings of hundreds of pounds can be found if you shop around when you renew your cover, but the experts say you need to obtain at least seven quotes to get the best deal, although most people get only three.

Read more…