Financial Planner Helps Clients Understand the Value of Proper Insurance Coverage and Proper Claims Handling
Posted on September 26th, 2011
Buz Livingston is a certified financial planner who works to enrich the quality of his clients’ lives by improving their financial awareness and increasing their financial knowledge by providing his clients with professional, unbiased, and objective financial planning and investment management.
Based out of Santa Rosa Beach, Florida, Buz Livingston is all too familiar with the devastation and trauma that can be caused by catastrophic losses. Many of his clients had devastating losses after Hurricane Ivan. As a financial planner, Livingston helps his clients manage their assets and wealth, and that includes assisting clients with financial decisions concerning insurance.
Livingstone explains that the finances of a policyholder can be substantially impacted after a loss.
RSA accused of inflating repair costs
Posted on September 25th, 2011
RSA stands accused of boosting profits by using a subsidiary to inflate its motor insurance repair costs.
According to BBC Radio 4s Money Box programme, a recent court case resulted in Circuit Judge, Judge John Platt, finding that RSA Accident Repairs had increased labour costs without carrying out any work itself, and made other charges it could not account for.
Money Box also reported that some insurers are currently highly sceptical about claims being presented by RSA Accident Repairs, and are refusing to settle.
In the case heard by Judge Platt, the BBC reports that the hourly rate for repairs was increased from £36 to £39.50 an hour without explanation; £118 was added for a road test, cleaning and an environmental charge, and £110 added for transporting the damaged vehicle when it was drivable, and the repair arrangements were local.
Meanwhile RSA is keen for motorists to be able to see clearly, if not in the area of repair costs.
The insurer has launched a campaign highlighting the dangers of driving with poor eyesight, having commissioned research which suggests that drivers with the legal minimum level of eyesight struggle to maintain a constant speed and are more likely to stray across lanes.
The study also claims that the current UK number plate test is not fit for purpose and the insurer wants distance vision tested by a qualified professional, prior to a person applying for a provisional driving licence.
Tags: Costs, Repair Costs
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Cigna to move into UK market through FirstAssist purchase
Posted on September 24th, 2011
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The firm is currently owned by Barclays Private Equity and is being targeted by Cigna in a move to expand its business offerings outside the US.
FirstAssist employs some 480 people and has three million customers in the UK. Cigna claims that a takeover of the UK firm will help it to move into the UK market, as well as helping it to expand elsewhere.
Tags: Move, Move Uk
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3 Never Fail Strategies For The Most Affordable Teenage Car Insurance
Posted on September 22nd, 2011
One type of insurance clients who often battle to get the lowest car insurance quotes are teenagers. Insurance premiums for teenagers can be as high as three to four times those of an adult person, especially where the teenage driver lacks driving experience.
Typically, a teenage driver will battle to get affordable car insurance through the teen years until around the age of 25 at which point things begin to normalize. The reasons for the unreasonably high premiums are not very hard to find.
To begin with, the lack of driving experience coupled with the young age poses a very high risk for most insurance companies.
Tags: Car Insurance, Insurance
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