Archive for February, 2009

Protecting a Policyholder’s Rights

Insurance Info shares with us some valuable tips on how you, as a policyholder, can protect your rights: Deal only with registered/licensed intermediaries. Deal with intermediaries with proven track record or those with good referral from friends and relatives. Be truthful about yourself and declare material facts. Never be persuaded to sign on blank forms ...

AIG Struggles to Repay Bailout Loan

02.28.2009 · Posted in Insurance News

Troubled US insurer AIG may scrap plans to repay its $60 billion bailout loan from the federal government by selling business, after failing to find enough potential bidders. Chief executive Edward Liddy, who conceived the plan to sell off units when he took charge in September 2008, has now conceded that his plan may not ...

Insurer: New business premiums growth to slow to 15%

02.15.2009 · Posted in Insurance News

Via Business Times GREAT Eastern Life Assurance (M) Bhd expects growth of new business premiums to slow down this year to 15 per cent from 30 per cent last year. The company collected RM975 million in new business premium last year, boosted by its single premium investment linked plan, Centennial Max. The company had hoped ...

Victoria fire victims to sue S’pore-owned power company

02.15.2009 · Posted in Insurance News

MELBOURNE, Feb 15 – The state Government and a private electricity company face one of the largest class actions in Victoria’s history over last weekend’s devastating firestorm. The legal wrangle, which is expected to involve hundreds of millions of dollars and last for years, will centre on a fallen power line that is believed to ...