Uber Advises Drivers To Buy Insurance That Leaves Them Uncovered

At a presentation for would-be Uber drivers attended by BuzzFeed News, a company representative advised getting less-expensive “personal” insurance that can leave drivers uncovered and in some cases lead them to incorrectly register their cars in violation of the law.

Sergio Perez / Reuters

Uber is steering drivers to purchase auto insurance that leaves them uncovered when they’re trolling for fares and that often forces them to flout the law by lying when they register their automobiles, according to documents, interviews, and an Uber presentation attended by a BuzzFeed News reporter.

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Things Your Homeowners Insurance Doesn’t Cover

things that homeowners insurance does not coverSo many people would be surprised to find out that there are basic things that homeowners insurance does not cover.

In a very precise article,  Tim Lemke shows us this particular uncovered things that may cause you a headache.

9 Surprising Things Your Homeowners Insurance Doesn’t Cover

If you’ve never read the entirety of your homeowners insurance policy, you might believe you’re protected against any kind of problem with your home or property. But the truth is, many things are specifically excluded from most policies. Most of us know flooding and water damage is not generally covered by standard policies. The rest, though, may surprise you.

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Term Life Insurance – Is The Cheapest Coverage The Best For You?

term life insuranceTerm Life Insurance – Is The Cheapest Coverage The Best For You?

Many internet searches reveal that you can get free term-life insurance quotes and premiums that are up to 70% off.

With so many options available, is it always in your best interest to get the cheapest term life insurance coverage? And what does “up to 70% off your term life insurance” really mean?

Cost effective term life insurance is simply basic life insurance that pays out a lump sum after your death. The premiums for these polices are generally low because the policies are like your house insurance; there is no cash value.

There are two basic types of term life insurance – decreasing term life insurance and level term life insurance, but decreasing term life insurance is gradually being phased out.

What is Term Life Insurance?

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Insurance Market Faces Red Numbers

insurance marketInsurance market is having problems all around the world right now.

Red numbers appear on their accounting and it looks that insurance companies will have to increase rates to go on.

This interesting article tells the whole story.

Insurance market to be loss making in 2015/2016 – FBD

The Irish insurance market will continue to be loss making in 2015 and 2016, insurance group FBD said on Monday, noting that rates haven’t risen enough to offset a “significant deterioration” in the claims environment.

In an interim statement the insurer, which reported a first half loss of €96.4m in August, its worst result in 40 years, said that the Irish market continues to grow in 2015, “as insurers increase rates following market losses arising from the increased claims cost and frequency experienced as the economy improves”.

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How Mobile Technology Can Help The Insurance Industry?

<a class='interlink' href='http://insuranceallabout.com/insurance-will-always-stay-insurance/'><a class='interlink' href='http://insuranceallabout.com/insurance-will-always-stay-insurance/'>insurance industry</a></a>Technology development seems to have no limits but, how mobile technology can help the insurance industry to overcome cost and security challenges?

With the time, the technological innovation is at its peak, and mobile devices are no exception.

Mobile devices have now transformed into the invincible machines, having an extensive memory with faster core processors, large display screen, modern location tracking system.

All these features are sufficient to turn a simple phone into a multitasking device while unlocking the mobile applications’ market potential.

The increasing capabilities of smart phones have open up the new inlets to various industries that ranges from medical to insurance to agriculture.

Over a decade, Insurance industry has grown at a compounded growth, but still there are several issues obstructing the expansion of the sector.

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Value of Insurance industry to Society

<a class='interlink' href='http://insuranceallabout.com/insurance-will-always-stay-insurance/'>Insurance industry</a>

¿What is the perception of the insurance industry value to society?

Asia Insurance Review, as the voice of insurance in Asia, is hosting an international summit to recognize and salute the role of insurance industry in daily life, the economy, society and nation-building.

This Summit aims to provide a platform for insurers and users of insurance to come together to see what more the insurance industry can do to better serve individuals, corporates and society while taking stock of its current strengths and weaknesses.

Summit is being held in Singapore on 29th and 30th April, 2015 in Singapore at the Grand Hyatt.

You could find more relevant details through the below link:

http://www.asiainsurancereview.com/downloads/Prakash/15-AnniversarySummitInsuranceSociety.pdf

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Business Insurance

Business InsuranceThere is no denying the fact that success of a business depends on the hard work of the team but one disaster can wipe out your efforts and bring down the profits to dust. So, to avoid such an instance, you need to insure your business, whether it is a small enterprise or a large corporation.

There are insurance companies, which have policies that combine protection for all major property and liability risks in one package. You can also opt for separate coverage. Such a policy is called a business owners’ policy (BOP). Larger companies may purchase a commercial package policy.

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