All insurance

Weak wind force "Sandy" added losses to insurers.

ripex — Fri, 16 Nov 2012 16:08:02 GMT

Insurance companies nedopoluchat tens of thousands of dollars due to the fact that "Sandy" considered "post-tropical cyclone", not a hurricane. It is reported by CNNMoney.

Additional losses are associated with an excess (deductible) - release the insurer from the reimbursement of certain loss. When the insured event the company begins to reimburse losses only after the policyholder pays deductible.

Normal franchise is 0.5-1 thousand dollars. At hurricane amount increased tenfold, and may be 1-5 per cent (in Florida - 10 percent) of the value of the insured property. For example, if a house is worth 400,000 dollars, with a five percent franchise owner after Hurricane insurance company has to pay 20 thousand dollars.

Governors, who are most affected by the "Sandy" - New York, New Jersey and Connecticut - have announced that the owners do not have to pay a higher deductible insurers. This decision was made due to the fact that the speed of the wind "Sandy" at a time when he reached the north-eastern coast of the U.S., was less than 74 miles per hour necessary to assign the first category of hurricane risk.

U.S. insurers have begun to charge higher franchise since 1992, when Hurricane "Andrew" has caused damage of 15.5 billion dollars, which has resulted in significant losses to the company.

The largest insurance company in the Northeast U.S. - Chubb, Travelers, Allstate. Their losses could be much higher if the wind caused damage to homes, not water. To insure the house from being damaged by a flood, you must enclose a separate policy, the standard in this case is not enough. Earlier, The Wall Street Journalpisala that, for example, in New York, only one percent of homeowners insured property from water damage in Connecticut - 6-13 percent, NJ - 21-47 per cent.

Source: lenta.ru

Payments to insurers for losses caused by lightning strikes in 2011 exceeded $ 1 billion

ripex — Wed, 08 Aug 2012 13:26:15 GMT

Citizens of the United States in 2011 brought an insurance company 186,000 claims for compensation after their property damaged lightning. The total amount of claims relating to such statements made about $ 1 billion, according to the Research Center of Insurance Information Institute, relied upon by the Prime.

Despite the fact that the number of claims related to a lightning strike in 2011 was reduced by 13%, compared with the 2010, total claims rose by 5.5%.

The trend in 2011 there was a long time: from 2004 to 2011 the number of applications for insurance payments fell by 33%, but the average declared value has jumped by 93%.

Researchers explain the reduction in the number of claims increased use of security systems from lightning, lightning conductors. The cost of such insurance coverage as provided in regulations is growing because the number and cost of electronic devices in homes have increased significantly.

Plasma screens and TVs with high definition, home theater, several computers, smart phones, game consoles and many other expensive devices, which can break from power surges, still added to the losses to insurance companies.

Payments to insurers for losses caused by lightning strikes in 2011 exceeded $ 1 billion

ripex — Wed, 08 Aug 2012 13:25:35 GMT

Despite the fact that the number of claims related to a lightning strike in 2011 was reduced by 13%, compared with the 2010, total claims rose by 5.5%.

The trend in 2011 there was a long time: from 2004 to 2011 the number of applications for insurance payments fell by 33%, but the average declared value has jumped by 93%.

The unsuccessful launching of satellites "Express-MD2" and "Telkom-3" will cost three underwriters in the $ 230 million

ripex — Wed, 08 Aug 2012 13:23:21 GMT

Spacecraft "Express-MD2" and "Telkom-3 ', launched August 6, 2012 from Baikonur, were not displayed on the target orbit due to the late inclusion of the engine booster" Briz-M ".

Emergency launched satellite "Express-MD2" was insured in the "Ingosstrakh" on the $ 37 million (1.177 billion rubles.). The cost of the satellite "Telkom-3 ', where the risks insured" Alfa Insurance ", according to expert estimates about three times higher than that of the" Express-MD2' and is about $ 150-200 million - according to Interfax-AFI.

Details are currently being investigated. Insurer Indonesian satellite "Telkom-3" made Russia "Alfa Insurance" - a $ 7.5 million and Indonesian insurer JASINDO - a $ 185 million

A source in the field of space insurance reported that the risks of the Indonesian satellite "Telkom-3" are insured in the national market of this country and in the international market reinsured by international broker Marsh.

The company "Alfa Insurance" was also involved in the insurance risks associated with the launch of "Telcom-3 '. She took part in the competition "ISS Academician MF Reshetnev "insurance of space risks when you run" Telkom-3 '. According to tender documentation, the insured amount of $ 7.5 million, explained the source, in fact, "a bonus of $ 7.5 million has been promised to the Indonesian partners for the launch, it has been insured in the Insurance Company" Alfa Insurance ".

According to a source, a Russian insurer has attempted to place the risk of insurance payments bonus in the international market, but ran into difficulties. Do not rule out that all this was a risk to the insurer's own retention.

As the head of the agency managing public relations company Vladimir Kleimenov, insured the satellite "Express-MD2" performed FSUE "Satellite Communications" - insurance risks are provided with start-up and operation of on-orbit satellite. Term insurance was advancing on August 6, that is, since the launch, and ended after one year.

"Ingosstrakh" said that at the present time is in close contact with the insurer, finds all the circumstances of the incident and is preparing to meet its obligations to the client in full. All risks are reinsured to launch a satellite on the leading foreign markets.

Recall that the unit "Telkom-3", created by JSC "Information Satellite Systems Reshetnev name" commissioned by the Indonesian company Telekomunikasi, was designed to provide communication services and television broadcasting in the territory of Indonesia and Indochina

Insurers have estimated the cost of disasters this year.

ripex — Tue, 07 Aug 2012 12:40:01 GMT

In 2011, the nature of the global economy has caused damage to a record $ 315 billion in

In 2011, the nature of the world economy, carrying a record loss. $ 315 billion - estimated at as much loss from natural disasters experts Swiss company Swiss Reinsurance Co. Last year, this amount is more than $ 100 billion more modest.

"2011 was a year with the highest in the history of economic losses from various catastrophes," - said in a release.

Insurers this year suffered losses of $ 108 billion. This is twice the previous year - $ 48 billion In particular, the most damaging financial performance of insurers has caused an earthquake in Japan and then followed the tsunami. This is a whim of the elements in the cost companies $ 35 billion.

This amount could be much higher if the leadership of Fukushima-1 has insured the majority of objects. In this case, "2011-D would be the most expensive year for the insurance industry," the report says the company.

In the $ 12 billion estimated damage from the earthquake insurers in the New Zealand city Kraysterche. Then the powerful impact this disaster has destroyed almost the second largest city in the country.

Floods in Thailand, literally paralyzed the country this fall, cost insurers $ 11 billion. The disaster was the largest in the country's history. The number of victims exceeded then the 700.

Numerous storms attacked the southern coast of the United States in April and May cost insurers $ 7.3 and $ 6.7 billion, respectively.

"Unfortunately, the level of insurance against natural disasters is still quite low, even in developed countries with high seismic risk, such as Japan - said the chief economist Kurt Karl. - People are losing their loved ones, society is faced with huge financial losses, which shall be borne by corporations, humanitarian organizations, government, and, ultimately, the taxpayers'

South African fast-food restaurant Nando's met the conditions comic ultimatum, issued by the insurance company Santam for a parody of the ad

ripex — Tue, 07 Aug 2012 12:38:30 GMT

Santam Insurance Company issued in February 2012 commercial with actor Ben Kingsley (Ben Kingsley). The video Kingsley, standing at the bar, explains how easy it is to miss some important provisions in the contract. For greater clarity, he asks viewers to question whether they have noticed that the waiter's uniform, standing behind the bar, changed four times in the movie.

In April 2012 Nando's took a parody movie, with the repetition of music, monologue and surroundings - with the only difference being that the protagonist was not talking about the movie contract, and a menu of Nando's, and the waiter did not change shape, and the dishes on a rack.

In the comic response Santam said it is ready to turn a blind eye to the use of commercial parodies, if Nando's ultimatum to execute it. By 4 pm the Thursday (April 26), the restaurant was supposed to deliver a children's home in Johannesburg 62 servings of chicken breast with potato fries and salads, 12 children's meals with toys, 74 pudding hot, 74 cold drinks and Portuguese salad. In fulfillment of the conditions has been given an ultimatum restaurant one day.

As a result, Nando's said that he not only fulfilled the conditions of the ultimatum and brought lunch on Thursday, but brought the same portion of lunch and the next day. The company also said it will bring to the orphanage for lunch made by Santam order every last Friday of the month throughout the year.

Nando's company was in the center of a scandal in November 2011, when the advertising took off Christmas memories of Zimbabwe's President Robert Mugabe's friendship with the other dictators. Youth organization of the ruling party in Zimbabwe, ZANU-PF urged to boycott Nando's. Within a week, restaurant chain has decided to withdraw the advertisement because of the negative reactions of Zimbabwe and threats against staff.