Archive for May, 2008
News - What’s in the Budget?
These are some of the main points covered by Gordon Brown in his Budget speech
Duties
From Monday, there will be a rise of 1p on a pint of beer and 4p on a bottle of wine, but duties on cider and sparkling wine are frozen.
The duty on spirits is to be frozen for the remainder of […]
Read More..>>News - Record hurricane losses predicted
A recent spate of storms in the south-eastern US could leave insurers facing their biggest ever hurricane damages bill, an industry body has said.
Insured losses could reach $21.7bn (12bn), according to the Insurance Information Institute, breaking the record set by Hurricane Andrew in 1992.
The insurance industry had to pay out $15.5bn, or $20bn in current […]
Read More..>>News - Rosy outlook for UK finance firms
Optimism in the financial services sector surged between December and March, figures from the CBI and PricewaterhouseCoopers have shown.
The latest finance insurance
survey of the industry showed business volumes and profitability rose sharply for the fourth consecutive quarter.
In total, 51% of car insurance finance company said they were more optimistic than three months ago while […]
Read More..>>News - GE knocks Exxon off top share spot
But the world’s biggest drug company, most famous for finance insurance rbs
pill Viagra, faces an uncertain outlook.
A Chinese court is hearing an appeal by Pfizer against the withdrawal of the Chinese patent for Viagra. The authorities quashed the patent saying it didn’t show estate finance hill in insurance investment irwin mcgraw real series that […]
Read More..>>News - Shake up in financial advice
From 1st December banks and building societies will be able to offer a wider range of edition finance hill insurance international management mcgraw risk series
s, pension and insurance, and independent financial advisers won’t look so special any more. They’ll also all have to tell us more about how they make their money.
The nostalgia is already […]
Read More..>>News - Aviva buys US insurer for £1.6bn
Aviva, the biggest UK insurer and owner of Norwich Union, has agreed to buy US rival Amerus for 1.6bn ($2.9bn).
Aviva will finance the deal through debt and a 900m share issue. It will pay $69 for each Amerus share, 10% more than the closing price on 6 July.
Buying Iowa-based Amerus will enable Aviva to […]
Read More..>>News - Warning over endowment complaints
The Financial Services Authority has warned insurers that they will face millions of pounds in fines - unless they start handling finance insurance job
about endowments properly.
In a letter sent to the chief executives of larger mortgage endowment firms and financial advisers, the regulator told mortgage endowment providers not to use the Financial Ombudsman Service […]
Read More..>>News - Caribbean hurricane fund launched
Caribbean nations hit by future hurricanes will be able to draw on emergency funding immediately under a new initiative by the World Bank.
The automobile finance insurance
body is launching an insurance fund designed to enable countries to finance key services in the aftermath of a natural disaster.
Countries set to benefit include the Bahamas, Barbados, Export […]
Read More..>>News - GE bank fined for sales breaches
GE Capital Bank, which is behind many High Street store cards, has been fined 610,000 ($1.2m) for payment protection insurance (PPI) sales breaches.
The Financial Services Authority (FSA) said the General Electric UK subsidiary failed to insurance finance and investment
control insurance sales and to treat customers fairly.
PPI is a form of insurance that covers people […]
Read More..>>News - Obituary: Gamze Gunoral
The only Turkish national to die in the bombings has been laid to rest in Istanbul.
Gamze Gunoral, 24, left her aunt’s house in Totteridge, north London, on the morning of 7 July.
On her way to her language college in Hammersmith, west London, she died on a Piccadilly line Tube train near Russell Square.
Osman Hokelek, an […]
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