An Insurance Syndicate is a group of companies or underwriters who come together to insure something (usually a complex or unique risk that is otherwise not insured by your typical commercial insurance company). Lloyd's of London is one of the most common places in the world where syndicates are highly active. In order to understand Lloyd's Syndicates better, you need to … [Read more...] about What is an Insurance Syndicate?
Who is an underwriter? An underwriter is a finance professional employed by an insurance organization to evaluate the risks associated with insuring individuals, organizations, businesses and assets. Based on this risk evaluation the underwriter assigns an adequate premium to the insurance policy. An adequate premium must generate a profit while also covering anticipated … [Read more...] about “Underwriters”: An Introduction
I came across this news article on how an Alberta mother had to pay more than $10,000 for availing air ambulance service and I thought I would share some information on some important health care expenses and whether or not they are covered by OHIP (Ontario Health Insurance Plan). (Note: Most of us will have additional coverage from group insurance offered by our full time … [Read more...] about What is ‘covered’ and ‘not covered’ by OHIP
Car insurance is among those things that every person requires and everybody wish to spend less for. Rates for car insurance can often change, so the insurance company that gave you the best rate in earlier times, may no longer give you the best rate nowadays, therefore, the most effective way to pick the best for you is to shop around. Some facts you need to know about Car … [Read more...] about Newcomer’s Guide to Buying Car Insurance in Canada
Selecting the best insurance company will make you have peace in case of any accident, or when your car has been stolen. There are several advantages that come with taking time to research about the car insurers and finding the best suitable one for you. Most of the top car insurance companies are affordable, responsive and have high value of services.. It is, therefore, … [Read more...] about Top car insurance companies in California