Car insurance premiums are increasing year-on-year and while insurers have blamed claims firms chasing compensation payments and fraud, they stand accused of making the problem worse with a referral fees merry-go-round.

A hard-hitting Commons Transport Select Committee report in spring accused car insurers of double standards as they were blaming soaring insurance costs on ambulance-chasing personal injury firms that they sell leads to.

This is Money has been heavily critical of this fees merry-go-round, but intriguingly industry body the Association of British Insurers actually wants the fees banned itself.

On Wednesday, Money Mail put its case that rising car insurance costs are not down to fraud or greedy lawyers, but in fact it was down to insurance firms’ referral fees.

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Car Insurance, Insurance

There is a general misconception that buying business / commercial insurance is the same quick process as personal insurance often is. There are definite differences between how your car insurance and your business insurance would be written through an insurance agency such as Balcos Insurance.

Personal insurance is often much more straightforward. Personal insurance agents are licensed to write the insurance policies themselves from a set of fairly standardized choices (dependent on each company).

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Buying Business, Commercial Insurance, Insurance

Statistics show that more and more foreign students are coming to the United States to study. This would also mean that there is also an increase in the number of international student insurance policies.

For a foreign student to be allowed to study in the United States, having acceptable international student insurance is one of the requirements with which he will need to comply. It can be insurance provided by a University-affiliated insurer or it could also come from an approved third party insurance provider.

International student insurance is very important for a foreign student studying in the United States.

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Insurance, International Student, International Student Insurance, Student Insurance

It not pay to blindly trust a party to insurance decisions behalf. For a long time, people relied insurance agents to recommend best insurance company for car. This resulted a piquant situation policies that offered maximum remuneration for insurance agent recommended regard for benefits enjoyed individual.

Nowadays, people blindly rely vehicle insurance quotes to cheapest insurance policy. , estimates help you identify cheapest policy that best value for money. , you will also to other terms and conditions that may may not favorable.

There is a general perception that comprehensive insurance policy is best option. It is comprehensive and covers almost risks.

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Comprehensive Insurance, Insurance

Cary Mann knows a major earthquake in Southern California could be catastrophic. But Mann doesn’t carry earthquake insurance on either his Cathedral City home about 115 miles east of Los Angeles or on the hair salon he co-owns there.

“None of my family has ever had it,” he said. “They’ve always said that if there was ever going to be a ‘Big One,’ the damage would be so massive that the insurance would never be able to pay out to everyone.”

Many in the state feel the same way. Full Post…

Earthquake Insurance, Insurance