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Cheap Car Insurance – How to Reduce the Cost of Owning a Car

After rent and mortgages, most Canadians would consider groceries their major routine expenses. However, you’ll be surprised to know that actually, transport is the second-highest monthly expense in most Canadian households. Transport costs account for 20% of after-tax income for many middle-class families. This is because Canadians can’t live without …

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Wells Fargo to face further penalties over insurance – reports

Embattled financial services firm Wells Fargo is in for furtherpenalties, if sources cited by Reuters are to be believed.The California-headquartered company, which in 2016 wasordered to pay a record US$190 million after it was found thatfake bank accounts had been created in a move to pad salesfigures, is likely to …

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Revealed: Amazon eyeing business insurance

After being spotted recruiting for London-based insuranceprofessionals late last year, fresh reports have emerged thatsuggest Amazon is planning to enter the insurance industry. The e-commerce giant is in talks to create a credit card gearedtoward small business customers that could eventually see itoffer business insurance, according to a Bloomberg report.Amazon …

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Beach clean initiative gets funding boost from Boshers and Ecclesiastical

Ecclesiastical Insurance Group, known for its work in the thirdsector, has helped holiday home insurance specialists BoshersLtd support the #2minutebeachclean initiative. Devon-based Boshers applied for grant funding fromEcclesiastical’s ‘Closer to You’ community programme and nowhas £2,500 to provide The Beach Clean Network Limited. Theprogramme allows Ecclesiastical’s Select insurance brokerpartners to …

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UK General reveals personal lines cyber offering

Leeds-based UK General Insurance has today unveiled a newpersonal cyber protection product, which it says is aimed at ‘theman and woman on the street.’Developed in partnership with the MGA’s capacity partner,Munich Re, the offering is a departure for the cyber insurancemarket which has been predominantly focused on corporationsand mid to …

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How can brokers use Facebook to generate new business leads?

Generating new leads is a continuous uphill struggle in theinsurance broking business – and it’s only getting harder with theinflux of direct-to-consumer touchless models, and whizz-banginsurtech disruptors. But there are simple ways to get your brand out there and createbusiness. Social media is one of the most powerfulcommunication and marketing …

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Willis Towers Watson launches product to build ecosystem resilience

Willis Towers Watson has announced the development of aglobal insurance facility aimed at building the resilience ofecosystems and the communities they support. The Global Ecosystem Resilience Facility (GERF) was launchedFriday at the Economist’s World Ocean Summit in Mexico byWillis Towers Watson CEO John Haley.With marine ecosystems at risk, the economies …

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Charles Taylor extends marine claims management capability with deal

Charles Taylor TPA has expanded its marine claims managementcapabilities in the US with the acquisition of Aasgard SummitManagement Services.Aasgard Summit is a provider of marine claims managementand related technical services, particularly focusing on the USWest Coast. The company has offices in Seattle and Hawaii. The purchase of Aasgard Summit also …

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Report: States could see average health premium increases up to 30%

A new report has found that every state is at risk of higher thanaverage premium increases in health insurance in 2019.The report, “Major Indicators of Individual Market StabilityHighlight High Premium Increases for States in Coming Years,”believes that these increases are driven by continued policychanges and uncertainty at the federal level. …

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How to get millennials to apply for a job in insurance

An injection of young blood is necessary to sustain the businessof insurance.A wave of managers expected to retire in the next few yearscombined with fewer young people considering a career ininsurance could result in a shortage of talent in the industry. Reaching out to college students, even when they’re just …

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