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Why not just require the old insurance form?

Why not just require the old insurance form?

You may ask, “Why doesn’t the certificate holder simply require the insured and its insurance agent to provide the old certificate of insurance form?” What certificate holders and insureds should know is that if an agent does modify a standard certificate or signs a custom one that provides notice of cancellation, it is almost certainly doing so against the explicit […]

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If we cancel or elect not to renew this insurance policy

So if the certificate holder is given the same notice of cancellation and nonrenewal as the first Named Insured, what does that actually mean with standard policies?┬áStandard commercial insurance policies provide the first Named Insured with 10 days notice of cancellation for nonpayment of premium. If the insurer cancels mid-term for any reason besides non-payment of premium, commercial general liability, […]

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Japan’s Insurance Industry

Japan’s Insurance Industry

During the heydays of the 80’s and the first half of 90’s, like rest of its economy, Japan’s insurance industry was growing as a juggernaut. The sheer volume of premium income and asset formation, sometimes comparable with even the mightiest U.S.A. and the limitation of domestic investment opportunity, led Japanese insurance firms to look outwards for investment. The industry’s position […]

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Certificate holders certainly wish that the insurance industry

Certificate holders certainly wish that the insurance industry would find a way to notify them when an insurance policy is cancelled. But in reality, they may not have lost much in this change besides the illusion that the insurer would notify them.┬áMany insureds have a “blanket additional insured” endorsement on their liability policies. That means that anyone that the insured […]

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Why japanese insurance products are more savings-oriented

Why japanese insurance products are more savings-oriented

The demand varies for different types of products, too. Japanese insurance products are more savings-oriented. Similarly, although many Japanese life insurance companies offer a few limited kinds of variable life policies (in which benefits reflect the value of the underlying financial assets held by the insurance company, thereby exposing the insured to market risk), there are few takers for such […]

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The kieretsu structure in japan insurance policy

The kieretsu structure – the corporate group with cross holdings in large number of companies in different industries – was a unique phenomenon in Japan. As a result, the necessary shareholder activism to force the companies to adopt optimal business strategy for the company was absent. Although initially touted as a model one in the days of Japan’s prosperity, the […]

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How PPI Scandals Came To Existence insurance

How PPI Scandals Came To Existence insurance

Sometimes things created for good start harming the system themselves. The same is happening with Payment Protection Insurance policies. The business of selling PPI has become quite lucrative for some banks and financial institutions. PPIs were created to cover the monthly repayments of loans and mortgages for people who fell short of income to pay their premiums. However, they soon […]

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Will Your Car Insurance Cover You With An Expired Driver’s License?

Insurance premium can be different depending not only on your personal data (driving record, mileage, age, car model, marital status, etc), but also on the state where you live. One of the most expensive property and casualty insurance premiums is in Florida; the main reason is that the area is prone to natural disasters. Car insurance in this state is […]

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A Beginner’s Guide to Insurance

A Beginner’s Guide to Insurance

Having the right kind of insurance is central to sound financial planning. Some of us may have some form of insurance but very few really understand what it is or why one must have it. For most Indians insurance is a form of investment or a superb tax saving avenue. Ask an average person about his/her investments and they will […]

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The Process of Selecting Travel Insurance for Family Holidays

Right after securing a dog-sitter and having your mail collected, travel insurance for family holidays is one of the most important things you should organise before you go away. No matter where you are heading, or for how long, if you are leaving your home country, a good policy should be considered an essential purchase. Back in your home country, […]

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