Greedy companies and politicians want to stop the publication of free information, by so called anti piracy laws (SOPA) and (PIPA) stop online piracy act, and protect intellectual property act which may start legal proceedings against millions of people who currently obtain free information and claims against insurance companies. Who may protect companies may start if the laws are passed on such policies as intellectual property insurance or professional indemnity insurance. Wikipedia has taken down its English language site as a protest against these proposed laws in the USA with a statement imagine a world without free knowledge Bloy Boing Boing is also taking part as well as Google who have out a link on their website to information with the line "Tell Congress : Please don't censor the web!".
Wednesday, 18 January 2012
The State of Insurance Software Providers Offering Commercial Insurance Products
As company results start to fall into place at the beginning of the year we have seen some major insurance software company results with losses from SSP's latest result topping £22 million and poweplace the towergate owned company cutting back its sale force by one quarter and with most of the major software producers showing poor results.
They have usually offered brokers Online Quote and Buy systems mainly B2B for products such as Professional Indemnity Insurance, Directors and Officers Insurance, Commercial Combined, Property Owners and Shops and Office Insurance what needs to happen is a change of focus from GWP grabbing to make a profit and the darling of the insurance industry are no different to any other company with one exception in that they have lots of other peoples money to spend. Lets be frank most average CEO's could have achieved the same given the funding received by these companies.
Tuesday, 17 January 2012
Credit Rating Agencies Getting it Wrong Could Lead to Professional Indemnity Insurance Claims
It seems that we are always to believe what credit rating agencies get it right but with something as important as a countries AAA rating are they always right. Standard and poor's faced criticism about their rating of France by the EU commissioners and Frances prime minister Sarkozy.
Moody's and S&P have massive power and influence over what could happen to a countries ratings is because they produce what the financial markets rely on. These agencies need their wings dipped, they make millions out of the reports they produce and the point is that these reports are not always accurate.
Friday, 6 January 2012
Heavy Storms Cause Problems With Electric Power Leaving Homes With No Power
Electrical engineers and services are trying to repair the damage caused by storms with winds in some regions reaching up to 100 mph.
In Scotland over 30,000 homes and businesses are without any electricity. The met office has issued warning of rain and high winds in Wales Scotland and the North of England.
There has been delays on trains and the roads with trees and floods blocking roads.. Many properties with damaged roofs and water flood will be putting in claims to insurance companies on their Public Liabilities and Home and Office Insurance policies, claims are expected to run into millions.
Tuesday, 3 January 2012
PIP Breast Implants May Cause Claims Against Professional Indemnity Insurances or Medical - Mal Practice Insurances
It is suggested that because 'PIP' breast implants could have up to 10% failure rate, that private clinics should pick up the bill to replace these implants.
Mr Fatah the president of the British Association of plastic surgeons has suggested that the PIP implants may have a much higher chance of default than figures released by private clinics.
These should be a ethnical and moral obligation to replace the faulty implants. In any case woman who have had PIP implants may very well be putting in claims on plastic surgeons, professional indemnity insurances or their medical malpractice liability policies.
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