Archive for the ‘Insurance News’ Category

Is it necessary to buy travel insurance before flying?

(THE STAR) PETALING JAYA: It is hard not to notice that travel insurance is being offered whenever one books one’s tickets with an airline company. These days, air tickets come with an offer for travel insurance. However, some travellers often ask if it is necessary to buy travel insurance when purchasing the air tickets. Well, ...

Hong Kong: Hostage victims to receive insurance compensation

The families of four of the victims killed in Monday’s bloody hostage crisis in Manila will receive compensation totaling up to HK$1,320,000 (US$170,000) for each victim. The sum comprises a HK$300,000 payout from the insurer of the Hong Kong organised tour they had been travelling on, a HK$20,000 gratuity from the Hong Kong government, as ...

Zurich Insurance fined £2.3m over customers’ data loss

08.25.2010 · Posted in Consumer & Safety Tip, Insurance News

Zurich Insurance says its loss of customer information was “unacceptable” The UK operation of Zurich Insurance has been fined £2.27m by the Financial Services Authority (FSA) for losing personal details of 46,000 customers. It is the highest fine levied on a single firm for data security failings. Margaret Cole, the FSA’s director of enforcement and ...

MATT HARRIS APPOINTED CEO OF CHARTIS MALAYSIA INSURANCE BERHAD

08.25.2010 · Posted in Insurance News

Kuala Lumpur, 24 August 2010 — Chartis Malaysia Insurance Berhad, the property-casualty and general insurance provider, has announced the appointment of Matt Harris as Chief Executive Officer with effect from 3 August 2010. His appointment follows the promotion of former Chief Executive Officer, Rob Ryan, to Executive Vice President and Chief Administration Officer of Chartis ...