Spain may benefit from EU insurance plan

EU Insurance Plan

EU insurance plan could help Spain recover from financial troubles The European Union has been struggling to rein in on a dire financial crisis that has threatened the economic stability of several countries in the region. The governing body has turned to the insurance industry to aid in recovery and the mitigation of a future crisis and insurers has, thus far, proven to be a powerful ally in this endeavor. Several countries suffering from the effects of the financial crisis have benefited from the involvement of the insurance industry. Now, the European…

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Marsh & McLennan herald turning of property insurance market

Property insurance rates on the rise. Marsh & McLennan Companies, a global risk and insurance services firm, has begun claiming that property insurance rates all over the world are on the rise. The increase in these rates suggests a solidifying of the global market and could be an implication of an improving economy. Marsh notes that consumers are paying more for their insurance coverage due to the high frequency of natural disasters in the past two years. Another factor that is contributing to higher rates the way insurance companies are…

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Organizers of American running of the bulls are heavy on thrill seekers but light on liability insurance

An American version of the running of the bulls, which was modeled after the famous Pamplona, Spain tradition, is expected to draw hundreds of participants, while also bringing about millions of dollars in insurance protection. Though each of the runners taking part in the quarter-mile run from dozens of rodeo bulls weighing approximately 1,500 pounds each, will be required to sign a solid and exceptionally comprehensive liability waiver, there have been several additional insurance policies taken out to protect the organizers from any form of liability that they can imagine.…

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