Archive for August, 2005

Hurricane damage could top 25 billion dollars

The damage from Hurricane Katrina could amount to over $25 billion, although estimates have ranged from $9 billion to the $25 billion figure. It could be several weeks before a firm estimate is established, because a great deal depends on how much underwater damage there was to ports and seaways. The Mississippi River, which enters [...]

August 31, 2005 More

Boscastle businesses complain of insurance claims

Just a year after the Cornish village of Boscastle was hit by flooding, many of the properties that were damaged or destroyed by the flood waters are back up and running. However, some business owners are claiming that their insurance coverage was not honored by the companies that wrote the coverage. Some business owners say [...]

August 18, 2005 More

Ribeiro calls for more health insurance

The new president of the Royal College of Surgeons, Berine Ribeiro, has said that the National Health Service as it is presently constituted, providing free service at the point of use, is unsustainable and that patients should have to pay for part of their health care. This would be done by having them take out [...]

August 13, 2005 More

Lloyds refuses diving claim

A British scuba diver who fell victim to decompression sickness, also known as the bends, while diving on vacation in Egypt has been denied his insurance claim by Lloyds TSB. The insurer’s position is that the man exceeded the depth provision written into his policy, that this is what caused his illness, and that they [...]

August 12, 2005 More

Lib Dems want car insurance penalties toughened

Liberal Democrats have called for higher fines and loss of drivers licenses to be assessed on drivers who are caught driving without insurance. They complained that current fines for the violation are less than the amount of an insurance premium. This statement came in reaction to the news that the number of London drivers stopped [...]

August 11, 2005 More

Unison warns to check insurance clauses on terrorism

A labor union has warned emergency services workers that they need to check their personal insurance policies to make sure that they are covered if they are injured or killed during a terrorist attack. According to Unison, a union that represents emergency service workers, says that they need to check to see if their policies [...]

August 3, 2005 More