Latest Insurance News

Slovenian Triglav Acquires Leading Macedonian Insurer

Slovenian Triglav acquires leading Macedonian insurer BELGRADE, June 4 (Xinhua) -- Slovenia's largest insurance company Zavarovalnica Triglav signed here on Monday a contract on the purchase of a leading Macedonian insurer, which is a key step for the company's ambition to be a regional market leader. The contract to buy Vardar Osiguranje was signed by Triglav chairman Andrej Kocic, its chief supervisor Damjan Mihevc and Vardar Osiguranje general manager Stojan Klopcevski, said a statement...

Morning Briefs

MILLER INSURANCE'S NEW NAME NOW BRIGHTWAY Jacksonville-based Miller Insurance Group has changed its name to Brightway Insurance. The company sells multiple lines of insurance including auto, home and life policies. In addition to its 17 locations, Brightway Insurance will open six offices by year-end and add up to 20 jobs. In the past three years, Brightway Insurance has seen its customer base grow from 2,000 to 18,000 customers. In 2008, the firm plans to expand beyond Florida into Georg...

Young Drivers Warned

YOUNG drivers could see their annual car insurance premiums soar to more than [pounds]3,000 by 2017, it was revealed yesterday. Motorists aged 17 to 21 are already paying more than double the annual average insurance, research from uSwitch. com found. Over the past ten years, the cost of car insurance for young drivers has gone up by 92 per cent. And by 2017, it could cost a young driver as much as [pounds]3,097 to insure a Ford Fiesta, said uSwitch. com Average premiums for all drivers a...

NO FAULT INSURANCE Don't Ignore the Issue

There will be serious consequences if no fault insurance sunsets in October. This issue needs to be addressed in the special legislative session starting June 12. There is no question that the current system needs to be reformed. Fraud is too great. Spokesmen for the auto insurance industry say that auto insurance premiums will drop if no fault disappears in October. The problem, according to convincing arguments from the state's safety net hospitals, is that the costs have to go some...

Comet Surrenders in Medieval Total Wars ; QUESTIONS OF CASH

By Paul Gosling My son bought a PC from a Comet store to run the Medieval Total Wars 2 game. He discussed his requirements in detail with staff, who told him it would be suitable, but on installation the game would not run because the specification of the graphics card was insufficient. Comet has refused to give him a refund or upgrade. Trading Standards and Ombudsmen enquiries have led nowhere. BE, Norwich. Comet staff denied having had such a conversation with your son. But, on the bas...

Insurance Shock for Young

By Roger Mills Young drivers could see their annual car insurance premiums soar to more than pounds 3,000 by 2017. Motorists aged 17-21 are already paying more than double the annual average insurance, research from uSwitch.com found. Over the past 10 years, the cost of car insurance for young drivers has gone up by 92%. And by 2017, it could cost a young driver as much as pounds 3,097 to insure a Ford Fiesta car, uSwitch.com said. Average premiums for all drivers are now around pou...

Missing Link?

Over the years, a handful of lame humorists have suggested the Richmond area is populated by more than its share of Neanderthals. We've always preferred to avoid stereotypes, ad hominem or otherwise. Not so the ABC television network, which announced recently that its fall schedule will include a new sitcom called "Cavemen." ABC - using language only a TV publicist could love - describes the half-hour show as a "unique buddy comedy that offers a clever twist on stereotypes and turns race re...

A Risk-Free Road Trip

HOLIDAYMAKERS taking their cars abroad this summer need to watch out their insurance may not cover them if they break down or have an accident. According to research by Marks Spencer Money, only one in five drivers taking their cars to the Continent were covered if their vehicle broke down last summer and only a third were insured if they pranged their car or it was stolen. Most motorists do not realise that their comprehensive policy will not automatically extend to driving outside the U...

DMV Guarding Against Insurance Cuts

By Gary Fineout, The Miami Herald May 31--TALLAHASSEE -- Florida lawmakers quietly tucked $25 million in the back of the 400-page state budget to keep driver's license offices open and state troopers on the road. With just days left in the annual spring session, top Republicans were warned that the end of the state's no-fault auto insurance law this October could result in deep budget cuts for the state agency that oversees motorists. "The potential cut is significant," wrote Electra Bu...

EDITORIAL: Missing Link?

By Richmond Times-Dispatch, Va. May 30--Over the years, a handful of lame humorists have suggested the Richmond area is populated by more than its share of Neanderthals. We've always preferred to avoid stereotypes, ad hominem or otherwise. Not so the ABC television network, which announced recently that its fall schedule will include a new sitcom called "Cavemen." ABC -- using language only a TV publicist could love -- describes the half-hour show as a "unique buddy comedy that offers a c...