PICC life insurance Co., Ltd. obtained CNY 51.94 billion premiums as of June 30, 2011, up 9.8% year on year.
These represent 7.6% market share according to the new accounting standards and 9.1% market share in line with the old accounting standards. The insurer ranked No.5 in the domestic life insurance market.
Its total assets reached CNY 244.7 billion, up 30.9% from the start of 2011. First-half premiums from risk policies rose by 70.2% year on year and short-term premiums soared 77.2%. Renewal premiums surged 128.8% year on year.
Following the fourth capital increase, PICC life insurance’s capital was replenished to CNY 15.1 billion with solvency ratio being 159%. I
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The failure of the CLASS Act, a component of the 2010 health care reform law that was added as an amendment because of the late Sen. Edward Kennedys (D-Mass.) longtime passion to do something about long-term care, was predicted by some and denied by many.
But it should come as no shock to anybody closely following the issue. The numbers simply were not going to add up.
The Community Living Assistance Services and Supports Act was an effort to deal with what will become a huge societal problem–as we age and live much longer, more and more people will need some form of assisted living. Nursing homes or other expensive, long-term facilities will not be the answer for everybody who needs help; home care will increasingly become the vehicle.
September marks life insurance awareness month. This is a great time to review your need for life insurance. Learning how to shop around for the best life insurance quote is a good start when reviewing your life insurance needs.
If it is important to you to consider a company that contributes some of its profits to needy causes, you may want to consider getting a life insurance quote through United Security Life and Health. For life insurance awareness month they are donating $10 to the Fisher House Foundation for every policy issued in September 2011.
15 Oct
Posted by: Ethan Collin in: Insurance Notes
Volkswagen is recalling as many as 168,275 Golf, Jetta and Audi vehicles with diesel engines because of fuel system defect that could lead to fires, federal safety officials say.
The recall, which is expected to start in November, applies to certain 2009-2012 Jetta and Jetta Sportwagen and 2010-2012 Golf and Audi A3 vehicles, according to an announcement from the National Highway Traffic Safety Administration (NHTSA).
Safety and insurance industry officials advise consumers to take advantage of vehicle recalls in order to have potential safety problems fixed.
Although motorists would likely not be found financially liable for damages from an accident that is proven to have been caused by a defective automotive part, those drivers could be left struggling with questions about auto insurance coverage at a time when they are trying to recover from an accident.
Officials with the federal agency’s Office of Defect Investigations (ODI) say that a fuel injector line could develop small cracks that could cause fuel to leak, which could lead to a fire if it happens around an ignition source.
NHTSA says Volkswagen and Audi will notify owners that they can have affected vehicles repaired for free. B
12 Oct
Posted by: John Moysey in: Insurance Notes
When one thinks about international student insurance, what comes to mind are students who are in their twenties. These students are usually in college, pursuing their Bachelor’s degree, or even Master’s degree.
However, international student insurance can also be purchase for a high school student. A foreigner who will be attending high school say, in the United States, will need to have international student insurance before he can be accepted at any school.
There are some options for a foreign student to get a medical insurance. In the US, a foreign student with an F-1 visa is eligible to apply for the “Student Secure, International High School Student Insurance.”
If a foreign student is coming to the United States to attend high school via an exchange program, he can choose to apply for third-party international student insurance. As long