News - Insurers welcome tax rule change
Posted on November 15, 2007 - Filed Under Finance insurance | Leave a Comment
The personal finance the mcgraw hill irwin series in finance insurance and real estate industry is breathing a sigh of relief after the government revised plans to tax surplus funds held by tennessee car financial loss insurance.
Insurance liberty mutual auto financial loss insurance hold surplus funds in their with-profit funds to meet funding rules and […]
Read More...News - Norwich Union to cut 700 UK jobs
Posted on November 15, 2007 - Filed Under Financial loss insurance | Leave a Comment
Insurance giant Norwich Union is to shed 700 jobs as part of mortgage insurance premium refund drive at the company.
Jobs will be lost at five of the firm’s UK sites - Norwich, York, Bristol, Stevenage and Croydon.
The UK’s biggest insurer said the jobs are going from its life businesses services division, blaming “tough” market conditions […]
Read More...News - ING bank faces charges in the US
Posted on November 15, 2007 - Filed Under Finance insurance | Leave a Comment
Read source on News - ING bank faces charges in the US
US officials have accused ING Groep of failing to properly disclose fees it earned running a $180m (98m) New Hampshire state ak business health insurance small fund.
Regulators say the Dutch bank did not disclose conflicts of interest that may have affected investment choices.
The company […]
Read More...News - Insurance firm creates 200 jobs
Posted on November 15, 2007 - Filed Under Finance insurance | Leave a Comment
An insurance firm is creating almost 200 jobs in Newport, south Wales.
The customer service positions at Lloyds TSB Insurance will bring the total number of staff at the firm’s Tredegar Park base to nearly 900.
Insurance premium finance software is set to take place over the next four months, for roles including claims commercial insurance […]
Read More...News - Equitable in ’serious’ sale talks
Posted on November 14, 2007 - Filed Under Business insurance | Leave a Comment
Insurance firm Equitable Life is in “serious talks” about a sale of all or part of its business, but says it refuses to rush into any deal.
The group, car insurance finance company its annual results for 2005, said it was now more stable and secure than when it last reported.
Excess realistic assets, the key measure […]
Read More...News - Zurich to face $600m Katrina cost
Posted on November 14, 2007 - Filed Under Finance insurance | Leave a Comment
Swiss insurance group Zurich Financial Small business liability insurance has said that damage caused by Hurricane Katrina in the US will cost it about $600m (341m) in claims.
However, Zurich cautioned that the final amount could yet change.
Some analysts say the total damage caused by Katrina could cost the insurance industry $60bn as a whole.
“The task […]
Read More...News - Teacher sick days ’stress-linked’
Posted on November 14, 2007 - Filed Under Business insurance | Leave a Comment
Read more on News - Teacher sick days ’stress-linked’
Stress was responsible for a third of teachers’ sick leave last year in England and Wales, claims a survey.
The survey, from the Schools Advisory Service insurance firm, said teachers’ insurance loan mortgage payment protection had risen by 11% in the past five years.
It estimated that the annual […]
Read More...News - CBI urges Brown to cut tax burden
Posted on November 14, 2007 - Filed Under Business insurance | Leave a Comment
Read source of it on the News - CBI urges Brown to cut tax burden page
A growing burden of taxes in the UK is choking investment in business and firms are losing their competitive edge, according to the CBI.
The government was adding to the costs of running a business through stealth taxes being introduced […]
Read More...News - Economic tests are key
Posted on November 14, 2007 - Filed Under Business insurance | Leave a Comment
On Sunday, 18 May, the Chancellor of the Exchequer Gordon Brown insisted to Sir David Frost that the assessment of the five economic tests would be at the heart of the Government’s decision over the euro.
The tests would be “the centrepiece” of his announcement to the House of Commons on 9 June, Mr Brown […]
Read More...News - Pensioners receive secret details
Posted on November 13, 2007 - Filed Under Business insurance | Leave a Comment
Read source on News - Pensioners receive secret details
Thousands of pensioners have been affected by a government mix-up that resulted in personal banking details being sent to wrong addresses.
The Department of Work and Pension has confirmed as many as 26,000 such letters were sent out and added a full western and southern financial loss […]
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