Posted by Sara Campbell on May 17, 2011 in Insurance Help   

FT.com ‘highly commended’ as ‘Website of the Year’

The personal finance section of FT.com was ‘highly commended’ as ‘Website of the Year’ at the Headline Money Awards for its coverage of consumer finance stories.

The judges said the FT’s website is a very well-judged online offering which continues to improve year-on-year.’,

Another said: “It’s a superior online offering to several of its rivals in this sphere and the add-on features such as its podcasts make it into a really strong proposition overall.”

FT.com/money was selected from a shortlist of national newspaper websites that included www.guardian.co.uk/money and www.telegraph.co.uk/personal finance

Josephine Cumbo, now FT Money’s pension writer was named ‘Protection Writer of the Year’ for her work on insurance throughout the year. Judges commended her fo

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Posted by Sara Campbell on May 12, 2011 in Insurance Help   

Q&A: PPI compensation

Now that UK banks have agreed to set aside billions of pounds to pay back customers who were missold Payment Protection Insurance (PPI), consumer groups say reclaiming money should be easier. Here are the key points to note when claiming:

● Is there any limit on compensation?

No, but claims made via the Financial Ombudsman can only be enforced up to £100,000.

● How far back can I go with my complaint?

The rule of thumb is that providers will look into policies sold up to six years ago, or policies sold up to 10 years ago to customers who were only made aware of the problem three years ago.

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Posted by Sara Campbell on May 06, 2011 in Insurance Help   

Banks drop PPI appeal

Consumers who took out a loan or credit card in the last six years have been told to check their documents to see if they were sold loan insurance, following a decision to re-open compensation claims.

So far the average sum paid out to consumers who complain they were mis-sold payment protection insurance (PPI) is £2,750.

Barclays, RBS and HSBC announced on Sunday that they would follow the example set by Lloyds and would no longer persue a legal fight against the Financial Services Authority (FSA) concerning sales of the controversial loan cover.

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Posted by Sara Campbell on May 01, 2011 in Insurance Help   

Aon’s 2011 Global Risk Management Survey Top 10 Risks

Chicago, May 2, 2011– Business leaders across the globe identified economic risk as the greatest threat they face today, but also emphasized the need to innovate, mitigate technology failure and manage talent to compete in the future, according to the findings of Aon’s 2011 Global Risk Management Survey. The web-based biennial report was released today by Aon Risk Solutions, the global risk management business of Aon Corporation.   As the global economy continues to recover, the threat of sustained economic trouble weighs heavily on the nearly 1,000 business professionals from 58 countries who participated in the 2011 Global Risk Management Survey. This Read more…

Posted by Sara Campbell on Apr 25, 2011 in Insurance Help   

The Independents – Increasingly Vocal

Vancouver, April 28, 2011 – ‘Choice for risk managers’ is the rallying cry for a global coalition of independent brokers who will be hosting their third annual event at RIMS 2011 in Vancouver.   This year’s opening address will be by Carol Fox, RIMS Director of Strategic and Enterprise Risk Practice. She will give an address themed ‘harnessing ERM to tap risk appetite’ to the international audience of risk managers, brokers and carriers.   The Independents are part of the fabric of RIMS with several members having been invited to speak in the RIMS educational sessions. The wide-rang Read more…

Posted by Sara Campbell on Apr 16, 2011 in Insurance Help   

CEO Panel: Future Life Insurance Industry Growth Tied to the Middle Market

Las Vegas, April 13, 2011 — Yesterday, three senior life insurance executives shared their views on distribution, regulation, risk management and product innovation, and their impact on the future of the life insurance industry to the 550 attendees of the 2011 Life Insurance Conference.   “Middle market will be the growth engine for the future,” said Thomas M. Marra, president and CEO, Symetra Financial Corp. “Companies will need to return to the basics of life insurance to reach this market. With estate taxes at $5 million and $10 million for one person or a couple, opportunity in the affluent market will be diminished. The days of hunting elephants are probably over.”   J. Eric Smith, Read more…