Archive for January 30th, 2010

Music downloads of ??1.3billion at risk without home insurance

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by admin January 30, 2010 in Insurance News

Music fans are putting a potential £1.3billion worth of downloaded tracks at risk by not protecting them with home insurance, research from Sainsbury’s has found. Brits have spent an estimated £1.3billion on downloading music, an average £85 per person, but only 24 per cent of home insurance policies offer cover for this type of purchase. More than a third of the UK adult population owns downloaded music, bought from one of the growing number of retailers, such as iTunes and Amazon, and nearly a million people estimate that their downloaded music collection is worth in excess of £250. Without sufficient home insurance, however, the loss or damage of computer equipment could render the digital music collection lost forever, and could leave music lovers without their tunes and out of pocket, Sainsbury’s warns. M

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Health care fraud summit a good start

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by admin January 30, 2010 in Insurance News

Fraud fighters from around the country gathered at the National Institutes of Health near Washington, D.C. yesterday to focus on taking the fight against health care fraud to the next level. Sponsored by the Departments of Health & Human Services and Justice, the gathering was the first of its kind that brought together federal program managers, private insurers, technology experts and policymakers. More than 300 people attended the event.

The summit featured a good mix of prepared presentations and speeches (including those by AG Eric Holder and HHS Secretary Kathleen Sebelius) along with hands-on breakout sessions that strategized five key areas. A theme throughout the day-long summit was the need for greater information sharing and building more partnerships between public and private sectors.

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