Insurer Zurich has paid 93 per cent of its new income protection claims in 2014.
According to a statement from the provider, it has also paid pound;191m in total for all protection related claims.
This comes as research from the provider revealed that an increase in take-up of income protection among employees would have major benefits for the government and taxpayers.
Zurich has urged the government to stimulate the IP market by introducing a temporary annual tax-rebate of pound;50 per insured person to companies offering income protection to employees and to people taking up the insurance privately.
Carlisle attorney Karl Rominger misappropriated more than $535,000 of his clients money for personal use and for gambling at casinos, Cumberland County investigators claim in criminal charges filed Friday.
Even as he filed the counts, Les Freehling, the countys chief detective, said the investigation into Rominger hasnt ended and that more charges likely will be lodged.
“I apologize to everybody that I wronged,” Rominger said when contacted concerning his arrest. “I look forward to accepting the consequences and putting this behind me, while making restitution.”
He said he hasnt gambled since March. Rominger deferred other comment to his lawyer,...
Choosi has announced that it has added car insurance to its range of comparisons available on its website.
The site now offers car, home and contents, funeral, pet, life, income protection and health insurance and is owned by Hollard Financial Services.
In a statement, Choosi quoted research that suggests that 80% of Australian car owners have comprehensive cover and that around half a million car insurance policies will be up for grabs as customers shop around for their renewal in the coming year.
David Parsons, Choosi general manager, said that adding the car insurance line was the logical next step for the business.
This is a big, but important step for us, Parsons...
LOUISVILLE, Colo., Feb. 27, 2015 (GLOBE NEWSWIRE) — RGS Energy (Nasdaq:RGSE), one of the nations largest and most recognized rooftop installers of solar equipment, has completed the previously announced public offering of 7 million units consisting of its Class A common stock and Series A, B, C, D and E common stock warrants at a price of $0.50 per unit. WestPark Capital, Inc. acted as the exclusive placement agent in the offering.
The net proceeds to RGS Energy from the public offering is approximately $2.75 million, after deducting placement agent expenses, legal fees and other estimated offering expenses. In addition, participants exercised a portion of the Series B warrants,...
Jas Princeis surprised if youre surprised that Birdmanand Cash Money Records are under fire from a bevy of lawsuits nowadays. After all, Prince first brought lawsuit alleging shady business practices from the hip-hop label during 2012. Jas helped sign Draketo his contract with Young Money (under the Cash Money label) and claimed years ago that Birdman and company refused to make details of how much they earned from Drake public, and that Prince hadnt been paid accordingly (from HipHopDX).
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The protection industry has been constantly lamenting the lack of sales of its products over the past few years. Sales of income protection have fallen by more than a quarter since 2005, according to the latest figures from the Association of British Insurers.
This amounts to a drop of pound;486m to pound;1.4bn. However, evidence suggests the industry is starting to realise it needs to do something to make its products more appealing.
It is no good constantly tweaking products, to add changes here and there to cater for minute differences in health.
Added complexity simply makes these products less tangible to the average person they are intended for, and render them less...
Planning for retirement is no walk in the park: You have pick a smart investment strategy, search out all the employer matches and other goodies that can boost your savings, and–lest you forget–squirrel away a good chunk of your income.
But building up a solid nest egg is only half the battle.
Equally important, and perhaps even more complicated, is figuring out how to safely withdraw money from those savings.
Related: The Surprising Reason Baby Boomers Retire
Decisions on when to start taking Social Security, what to do with any defined benefit pensions, and how and when to draw down savings will all have a dramatic effect on the quality of your retirement...
Of late there has been much focus on the practices, both Pty Ltd and practical, of financial advisers, particularly in the area of risk insurance advice.
Allegations of poor advice, inappropriate commission and twisting of in-force business have been tossed about. The accountability spotlight has been fiercely focused with justification in part being to maintain/enhance the professional standing of the financial services industry.
It cannot be forgotten, however, that the industrys professional standing, whilst heavily reliant on the actions of advisers, can be affected by the conduct...
TORONTO, March 1 (UPI) — Canadians are drawing on their money to make politicians look like Spock from Star Trek, in honor of recently deceased Leonard Nimoy.
Canadian Prime Minister Sir Wilfrid Laurier, who appears on Canadas five dollar bill, has been the most common face to be turned into Spock.
This series of Canadian bills was an easy target, CDRs publisher Todd Falkowsky told Quartz. The existing portraits are quite large and can be improvised with easily, and the color of our $5s are the same blue as Spocks uniform.
Nimoy died in Los Angeles on Friday at the age of 83.
Spock your $5 bills for Leonard Nimoy...
However, loss of income insurance, even if available, tends to have slimmer likely benefits compared to the costs. So, most people opt for self-insurance and bear this risk. Yet, should such coverage be readily available at more attractive cost/benefit rates, it is highly recommended.
Loss of income insurance is the third insurance coverage considered essential for weighing the take it or leave it option. Then, if you are bearing this risk, with a better understanding you are doing so knowingly, not just avoiding a cost you do not understand.
Some events can interrupt the plans you have for your life and for your family. For instance, a vehicular accident could render you a quadriplegic...