Posts Tagged ‘cheap car insurance’

Salmond challenges National Insurance increase plans

First Minister Alex Salmond has criticised Labour’s plans to raise National Insurance payments to tackle the budget deficit.

Speaking at the Federation of Small Businesses (FSB) annual conference in Aberdeen, Mr Salmond said he would challenge such a policy.

UK Business Secretary Lord Mandelson said increases were difficult but sometimes necessary.

Mr Salmond also unveiled a £5m investment fund for small businesses.

In his speech, the first minister said: “In terms of the pre-budget report, the SNP MPs join with others to challenge the policy of increasing the tax on jobs in the middle of a recession.

When businesses are saying to me the priority demand is to reduce the deficit, then they can’t then in the next breath exclude the means of doing that (more…)

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The Best Quick Car Insurance Quotes

Insurance quotes can help you make decisions when you are considering where to buy your car insurance. An insurance quote provides an idea of the benefits you can get from a policy and the price you would have to pay. There are websites that offer insurance quotes comparison tools online. You just need to input your information and it gives you quick quotes from a number of providers making it easier for you to compare.

Getting an insurance quote is quite easy. Most insurance companies online would give you a car insurance quote. The purpose of this quote is to allow you make a comparison with quotes from other providers. You only need to provide some needed information and to request for a quote. If you want to pay less and save money on car insurance you would need to get as many quotes so that you can compare them. In case on an eventuality, you would be entitled to the same compensation no matter the amount you paid for the insurance cover. It is thus money-wise to buy the cheapest car insurance you can get. To do that you need to compare quotes from various providers.

There are several factors that should determine how you compare quotes, and the best provider to select. However, the most influential of these factors is the price or cost of the policy. Getting a slightly cheaper quote can translate to a substantial amount saved over time. When comparing various insurance quotes to chose a provider you thus would want to go for the cheapest.

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Car Insurance May Not Cover Rising Trend of Driving

Car insurance customers who are driving their cars for business use might not have adequate protection.

The comparison website has identified a rise in the number of workers being asked to use their personal cars for business use, without necessarily warning them of the car insurance implications.

Found that 72 per cent of UK workers have used their own car for business use in the last 12 months, but only 35 per cent do not have business cover included in their car insurance policy and therefore risk driving without sufficient protection.

Whilst workers are usually covered for commuting, they would need to extend their policy to cover using their car for purposes directly linked to their job other than getting to and from work.

Some of the business events that workers have used their cars for include travelling to training courses, going to the bank or post office on behalf of their employer, driving to another office or attending company away days.

If employees were to have an accident while driving for work purposes without adequate insurance, they might find themselves having to pick up the bill for any repairs and third party claims.

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P/C Industry’s Net Income Up; Combined Ratio at 100.7 for Q3

Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6 billion through nine-months 2007. Insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus (or statutory net worth) increased to 4.5 percent in the first nine months of 2009, having previously fallen to 1.2 percent in the first nine months of 2008 from 13.1 percent in the first nine months of 2007.

Driving the increases in insurers’ net income and rate of return, net losses on underwriting fell by $16.6 billion to $3.2 billion through nine-months 2009 from $19.8 billion through nine-months 2008, as claim costs (loss and loss adjustment expenses) dropped $26.5 billion, according to ISO and the Property Casualty Insurers Association of America (PCI).

The combined ratio — a key measure of losses and other underwriting expenses per dollar of premium — improved to 100.7 percent in the first nine months of this year from 105.5 percent in the first nine months of 2008. If not for the decline in claim costs, the combined ratio would have increased 3.5 percentage points, instead of declining by 4.8 percentage points.

The figures are consolidated estimates for all private property/casualty insurers based on reports accounting for at least 96 percent of all business written by private U.S. property/casualty insurers.

Underwriting Results

Underwriting results improved in the first nine months of 2009 even though premiums continued declining. Net written premiums dropped $15.1 billion, or 4.5 percent, to $321.2 billion for nine-months 2009 from $336.3 billion for nine-months 2008. Net earned premiums declined $12.8 billion, or 3.9 percent, to $317.8 billion for nine-months 2009 from $330.6 billion for nine-months 2008.

At negative 4.5 percent, net written premium growth through nine months fell to a new record low. Based on quarterly premium data extending back to 1986, the previous record lows for nine-month premium growth were negative 0.3 percent in 2008 and negative 0.2 percent in 2005, with nine-month premium growth ranging as high as 13.8 percent in 2002.
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