Posted on February - 22 - 2013 by Olivia Trule
International specialist insurance and reinsurance underwriting group Kiln has announced the appointment of Gu Jin to lead its new venture with Lloyd’s Insurance Company (China) Ltd in Shanghai.
Kiln will operate in China via Lloyd’s Insurance Company (China) Ltd as part of the newly created Kiln Underwriting Division.
Jin will be tasked with developing a business portfolio, and her appointment builds on the firms current regional operations in Hong Kong and Singapore.
Jin is to join Kiln in January, and she expressed her delight to be joining the firm as it seeks to expand its footprint in Asia.
Regional Managing Director for Kiln Asia Neil Wray said that he was thrilled to welcome Jin to Kilns team in Asia, and described her appointment as an important step for the firm.
Posted on February - 17 - 2013 by John Bikes
Each year, in the United States alone, there are over two hundred deaths and thousands of injuries caused due to the collision between vehicles and deer. The Insurance Information Institute also estimates that there are over $3.6 billion that are reimbursed by auto insurance companies to cover the claims filed due to these accidents. On an average, the cost to repair the damage caused due to these collisions is around $3000. Though the highway reports reveal that around 300,000 deer crashes take place each year, the number given to Congress by the Federal Highway Administration is close to 2 million which is closer to reality.
Mitch Wilson, the spokesperson for Ohio Insurance Institute says that most of the deer collisions take place between the months of October and January which is the period for deer migration and mating.
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Posted on February - 17 - 2013 by Olivia Trule
If you aren’t a house owner, chances are you’re probably renting and the place in which you live is protected by an insurance policy that your landlord owns. However, just because the landlord has insurance does not mean that you as a renter are without cause for concern. You may not own the home and property and be the one responsible for worrying about damage to the pipes or the roof, nevertheless, you should still take into consideration the well being of your personal property and belongings.
One of the main reasons a renter might secure Waterford insurance in the form of renter’s insurance policies are to protect themselves from liability troubles. There
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Posted on February - 11 - 2013 by Olivia Trule
Hamish Roy and John Ward, of Christchurch business, hosted infrastructure provider, vBridge on protecting your business IT systems in a disaster.
Hamish Roy, left and John Ward of IT company vBridge. Photo / David Alexander
What IT dilemmas does a disaster throw up?
Businesses are becoming more aware of the need to protect themselves from a disaster.
Planning for earthquakes, fire, flood or theft is important and part of this planning should include any IT systems in use, without which many businesses cannot function.
Consider a company with 5000 customers. It has its contacts, order details, and accounts stored in a customer relationship management (CRM) or accounting (ERP) system.
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Posted on February - 04 - 2013 by John Bikes
Reinstatement means the restoring of the insureds property to the condition it was in, before damage or loss occurred. When dealing with items such as machinery and other contents, this type of indemnity is probably sufficient (provided other similar machinery or contents can be found). In the case of buildings, however, the insured may incur additional expense if choosing Reinstatement, when rebuilding because of changing building requirements (e.g. safety equipment, access for disabled people etc.).