Insurance jobs to be lost at ING Groep following massive quarterly profit dive

November 8, 2012November 8, 2012 H. Cutner

The Dutch financial services company will lay off 2,350 employees after a Q3 slump of 64 percent. The largest Dutch financial services company, ING Groep, has announced that it will be slashing 2,350 employees from its rosters – 1,350 European insurance jobs, and 1,000 commercial banking positions – due to a slump in their profits from the third quarter of 64 percent. The company’s net income plummeted to €609 million, from having been €1.69 billion a year before. The lender, which is based in Amsterdam, released a banking and insurance…

Austrailian Travel Insurance News

March 23, 2011March 23, 2011 Marc

The Royal Automobile Club of Victoria (RACV) provides advice regarding the comprehensive travel insurance policies in relation to the earthquake and tsunami that hit Japan last week. Claims will be assessed by RACV according to the Product Disclosure Statement (PDS) and the type of plan that was purchased will determine the coverage. For those who have not yet departed, cancellation or rearrangement expenses will be covered if the policy was purchased before March 12, 2011. Travels on or after March 31, 2011 are advised to be cancelled or rearranged until…