MH Ross Explains Cancel For Work Reasons

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by Tiffany Parker May 11, 2011 in Insurance News

Some travel insurance poises cover if the trip is cancelled because you have to work during the vacation.  This would mean you had approved time off and it is revoked so now you have to work.  Some written statement from an officer in the company is normally required in order for a claim to be paid.

MH Ross recently wrote about cancel for work reasons coverage in their agent newsletter:

Unforeseen work reasons*….. Req

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Featured : Britain’s banks prepare for huge client compensation

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by admin May 10, 2011 in Insurance Quotes

Britain’s banks are allocating billions of  pounds to compensate clients who were mis-sold credit insurance, in a fresh  blow to a sector seeking to gain public trust after the financial crisis.

Industry body the British Bankers’ Association (BBA) on Monday said it  would not appeal last month’s high court ruling that called for tighter  regulation of payment protection insurance (PPI), which has been mis-sold for  years.

“We don’t always get things right for our customers; when we get them  wrong, we apologise and put them right,” Barclays chief executive Bob Diamond  said on Monday as the bank announced plans to put aside £1.0 billion in  compensation.    “That’s our commitment to our customers, and it applies to the way in which  we will deal with PPI complaints,” Diamond added.

Consumer groups hailed the development.    More than three million people are in line for compensation, while the  total cost to banks is estimated at up to £9.0 billion (10.3 billion euros,  $14.9 billion) — which would be Britain’s most expensive scandal of its kind.

Also on Monday, Europe’s biggest bank HSBC said it would be making $440  million (£270 million, 307 million euros) available for PPI clients.

Lloyds Banking Group last week said it was setting aside a much larger sum  of £3.2 billion.

“This is a wonderful day for consumers,” said Martin Lewis, a leading  campaigner on behalf of PPI clients.

“For once the banks have done the right thing and backed down. As much as  £9 billion that was wrongly taken could n

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Teen Driving: 6 Essential Safety Tips

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by Brandon Nguyen May 07, 2011 in Insurance Auto Articles

So your son or daughter is approaching driving age — how’d that happen so fast? No doubt your teen is desperate to be given the keys to the family car, or perhaps for a car of his or her own. It’s something that most parents face with varying degrees of anticipation and dread. So in honor of National Youth Traffic Safety Month

House Insurance: How to Reduce the Costs of Home Cover

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by Nicholas Rogers May 07, 2011 in Home Insurance Topics

There are specific ways you can lower premium costs for home insurance. Security, crime prevention groups, higher excesses and smart shopping can all help.

If youre looking for new home buildings and contents cover, it may be tempting to simply shop around, find the lowest quote and buy that. This may save you some money. But, if you really want to access discounts and reduce your overall house insurance costs, you may need to think smarter. How can you cut your premiums?

Good Home Security Equals Lower Insurance Costs

If you increase security in and around the home, you make it harder for criminals to break-in. So, you could, for example:

Increasing your home security makes you less of a risk, and many insurers will discount premiums in return. Read more…