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Car insurance firms ‘must go further’ as experts warn drivers could be £140 out of pocket

Car insurance firms ‘must go further’ as experts warn drivers could be £140 out of pocket

Admiral is the only car insurance firm in the UK to offer motorists any financial refunds on their policies with each customer receiving £25.  The £110million refund scheme is said to be a third of the company’s total 2019 profits or the equivalent of a…

Mortgage rates sink to all-time lows and may be headed lower

Mortgage rates sink to all-time lows and may be headed lower

Mortgage rates plummeted this week to the lowest levels in the history of Freddie Mac’s survey, which dates to 1971. According to the latest data released Thursday by the federally chartered mortgage investor, the 30-year fixed-rate average tumbled to 3.23 percent with an average 0.7 point. (Points…

Missed rent and mortgage payments are rippling across the economy

Missed rent and mortgage payments are rippling across the economy

With the end of the month here, millions of Americans are wondering how they’ll pay their rent or mortgage, especially as companies continue to lay off or furlough staff and the number of unemployment claims continues to rise each week. There are already wider impacts…

Laid-Off US Workers Face Foreign World of Insurance Shopping

Laid-Off US Workers Face Foreign World of Insurance Shopping

Mass layoffs are pushing many Americans into an unfamiliar role: shopping for health insurance that isn’t offered by an employer. A swirl of confusing terms and options await inexperienced shoppers as they sort health insurance plans. And there’s probably no one from human resources available…

Bloomberg Campaign To Fund Health Insurance For Fired Staffers Until November

Bloomberg Campaign To Fund Health Insurance For Fired Staffers Until November

Former New York Mayor Mike Bloomberg’s presidential campaign will now pay health care costs for former staffers through November, after originally offering laid off workers coverage only through the end of April, according to an email from the campaign’s human resources. “Given these extraordinary circumstances,…

Why buying life, health insurance has become a necessity today

Why buying life, health insurance has become a necessity today

Both life and health insurance has become popular over the years in India, still many people usually don’t understand the importance of insurance until there is an important life event which teaches them some lesson. However, in times like the current one, when even getting…

New Business Interruption Insurance Poses Risks to Chinese Insurers, Says Fitch

New Business Interruption Insurance Poses Risks to Chinese Insurers, Says Fitch

At the direction of the Chinese government, domestic insurers started selling business interruption insurance to cover Chinese enterprises against disruptions from the coronavirus outbreak, which may have unintended consequences. Fitch Ratings cautions that the move could pose risks to the underwriting stability of property and…

Car Insurance Companies Set to Refund Money to Customers

Car Insurance Companies Set to Refund Money to Customers

With much of the nation under stay-at-home orders, there’s less traffic on the roads. As a result, we’ve seen fewer auto accidents — and fewer insurance claims. Given that many Americans are facing financial challenges in these uncertain times, the nation’s top auto insurance providers are passing…