Barry Rafe has been appointed as a Principal at Professional Financial Solutions. He is a consulting actuary specialising in strategy, governance and operational issues within the financial services industry. Mr Rafe is immediate past president of the Actuaries Institute, and previously held senior positions at Accenture, Trowbridge Consulting, AMP and Mellon Bank.
It’s that time of year again where the cold snap encourages people to leave their vehicles un-attended whilst it defrosts and warms up ready for our on-ward journey.
According to previous surveys at least 47% of us in the UK are guilty of this. It’s important to make you aware at this stage that your Insurance Company may refuse to payout if your vehicle is stolen as a result of this negligence.
Be warned as opportunist thieves are on the lookout for an easy target. Around 2000 car thefts occur each year because motorists leave their vehicles to warm up during winter mornings. This
Members of the Rhode Island House of Representatives have submitted a pair of bills this session that would bar insurance companies from taking into account a consumers education level, homeowner status and credit history when determining how much to charge for a policy.
House Bill 7411 would enact the credit-history ban, while House Bill 7193 would take care of education level and homeowner status.
All of the representatives who introduced and co-introduced the bills are Democrats.
Rhode Island is only one of many states where legislators have pushed to ban insurers use of credit scoring in recent years, but practically every one of those pushes has failed.
The exact cost of motorcycle insurance will depend on your unique profile but insuring a motorcycle certainly is a lot less than almost any car or truck. Most drivers pay anywhere from $500 to $1500 annually for motorcycle insurance.
All states require mandatory motorcycle insurance and if you are caught riding without proper insurance, you may face hefty fines and/or loss of your driving privileges remember, it is a privilege to operate a vehicle, not a right! Your bike can also be impounded and if you are involved in an accident you might be personally responsible for damages and medical payments.
The nation’s top auto safety regulator is ill-equipped to detect problems with high-tech electronics that are increasingly commonplace in today’s cars, a new government study has concluded.
Calling such shortcomings “troubling,” the report called on the National Highway Traffic Safety Administration to review its technical capabilities and appoint an advisory panel to help it evaluate potentially serious risks associated with systems such as adaptive cruise control.
Despite those findings, the National Research Council found in a 162-page report that NHTSA’s decision to close its investigation of sudden acceleration in Toyota Motor Corp. Read more…