Insurance news confession by Lloyds reveals surprising flaws

Julie Campbell
Lloyds insurance news scandal

The company has revealed considerable failures in terms of the way that complaints have been dealt with. A recent insurance news release from Lloyds Banking Group has revealed that it has brought a contract with Deloitte to an end after issues were revealed in the way that the business services firm’s call center had been handling the complaints that were being made by customers regarding the loan policies that had been mis-sold. This announcement was made following another that showed that the contracted phone agents were taught inappropriate procedures. The…

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Disaster in Germany draws attention to flood insurance

S.Vagus

Flood insurance enters limelight in Germany Over the past week, Germany has fallen victim to a catastrophic flood that has caused a significant amount of damage in some parts of the country. The flood began at the Danube River, which is the second largest river in Europe, and several other rivers quickly began to overflow. Combined, these rivers contributed to one of the worst flood disasters in Germany’s history and have put a great deal of strain on the flood insurance sector within the country. German floods expected to have…

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Berkshire Hathaway makes a move on business insurance

Logan B.
Business Insurance

Berkshire Hathaway to muscle into business insurance sector Berkshire Hathaway is making a strong move into the business insurance sector in order to have a greater impact on how this sector operates. The company has been looking to enter into new sectors of the global insurance industry lately in order to take advantage of new opportunities that exist in developing markets around the world. In the past, the company has pushed into the business insurance sector due to certain trends, but this time is different for Berkshire Hathaway. Company cites…

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Workers Compensation Bureau issues advice for National Safety Month

Julie Campbell
workers compensation safety month

Employees who work outdoors are reminded to pay attention to the risks to which they are exposed. As summer gets ever nearer, the Ohio Bureau of Workers Compensation (BWC) has issued a reminder to employees who work outdoors to recognize National Safety Month and take precautions against the various exposures to the elements that their jobs entail. The National Safety Month runs throughout the length of June and is sponsored by the National Safety Council. The workers compensation bureau in the state is reminding employees of the impact that issues…

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Property insurance rates experience “modest” increase in US

H. Cutner
Property insurance News commercial P&C insurance

A survey has indicated that American commercial policy rates have increased just slightly. The results of a new survey that was conducted by Towers Watson & Co. has revealed that the price of commercial property insurance in the United States rose slightly during the first quarter of 2012. It also indicated that business employment practices liability and workers compensation rose during that time. The rise that was experienced in the commercial property insurance rates from the last quarter of 2012 to the first quarter of 2013 was – according to…

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