German regulator mislead by Greensill on insurance deal, says IAG

Insurance deal - Mislead - keyboard button

According to the accusation, the dupe was mean tot help reduce the unit’s capital requirements. One of Greensill Capital’s insurers has alleged that the failed lender duped German regulators regarding an insurance deal in an effort to try to shrink its Bremen-based unit’s capital requirements. Greensill investors are currently suing the Insurance Australia Group (IAG) as they face billions in losses. The investors have accused defunct Greensill supply-chain finance group of hiding that it did not have the insurance deal in place that they were led to believe. Instead, the…

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Does Gadget Insurance Cover Used Smartphones?

used phone insurance and how to look for the right coverage

An increasing number of people are realising the benefits of gadget insurance when it comes to protecting their valuable electronic devices. With the growing reliance on smartphones for everything from communication to navigation, having adequate coverage is often considered a prudent financial decision. However, as is the case with any insurance policy, it’s crucial to understand the terms and conditions to avoid any unpleasant surprises down the line.  This guide explores one specific area of concern for many consumers: whether or not gadget insurance policies extend to used or pre-owned…

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Will heat insurance help protect the poor against extreme temperatures?

Heat insurance - Thermometer

As climate change makes the world hotter, the poorest workers in the world might benefit from coverage. By April near Ahmedabad, India, temperatures had already reached 100ºF, an extreme being linked to trends relating to climate change, and one against which heat insurance has the potential to protect affected workers. Everyone from physical laborers to people selling products affected by heat could potentially benefit. Last year, temperatures there reached 114.8ºF, at a peak becoming increasingly commonplace, as 2016’s peak was an even higher 118ºF. That location is far from the…

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Insurance spending will double in the next decade, says Lloyd’s of London

Insurance Spending - Lloyd's of London Building

Chief exec John Neal has predicted that a greater risk perception like bank failures will drive the trend. Global insurance spending will probably reach the point that it has doubled in the coming decade, mainly driven by an increased risk perception, said Lloyd’s of London CEO John Neal. Climate change and bank failures have reminded the world of the size of potential risks. “Financial risk,” on the heels of bank failures in Europe and the United States, in addition to systemic risks, such as climate change and pandemics, are expected…

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4 Questions You Should Ask Your Insurance Company Before Deciding On A Palliative Care Facility

Moving a loved one into a palliative care facility is never easy. There are many things to consider, and you want to make sure that you are making the best decision for your family member. One thing that you should do before making a final decision is to speak with your insurance company about hospice medicare billing. They may have specific requirements or restrictions on which facilities they will cover. This article will discuss five questions that you should ask your insurance company before deciding on a palliative care facility. What…

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