Car insurance industry has been on a rise in the recent past. All because of the compulsory insurance needed for legally driving a car on road as per the UK legislation. And with millions of cars on road, it comes as no surprise. Here is some latest news from the world of car insurance if you are planning to buy one soon.
According to a recent study, it has been found that women tend to hide some facts while applying for cheap car insurance policies. They follow the policy of truth being bent a little for personal gain. If you are of the fairer sex, ensure that you be a little more careful with this.
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After a near-record number of tornadoes in 2011, this year is gearing up to be another active season, according to AccuWeather.com.
The weather service says that climatic activity last year produced a near record year for tornadoes with a total of 1,709, making it the fourth most deadly tornado year in the United States. The record was set in 2004 with 1,817 tornadoes. The average is 1,300.
A strong La Niña phenomenon last year, with sea surface temperatures in the central and eastern Pacific around the equator below normal, produced a very strong jet stream. This is a key ingredient for severe weather.
In the La Niña year, the normal tornado pattern shifts east, causing many twisters to hit from Texas to Kansas, say the forecasters. T
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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
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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.
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