Jul 30, 2012

A Guide To Life Insurance Brokers Across

A Guide To Life Insurance Brokers Across The UK (UK Life Insurance Brokers Guide)
BIBA (British Insurance Brokers Association) is the UK’s leading independent Insurance body and it represents the insurance broker, intermediaries and the consumer. BIBA brokers advise you on choosing an insurance policy that matches your particular needs.
Insurance brokers such as Moneywise also help you get the best life insurance quotes. You simply need to fill in a form on their website where you supply details such as how much coverage you require and whether it is only for you or your spouse as well. In 2005, the winners were : Scottish Life for Pensions Friends Provident for Pensions GE Life for Pensions Standard Life Healthcare for Protection Friends Provident for Protection
Every year, a company called Incisive Media reviews all the financial product providers in the UK. It then bestows the Gold Standard Award on the companies that show the greatest ‘capability, financial strength, trust and fair value’. The Gold The Gold Standard Award Website explains that “When a company has won a Gold Standard Award, you can be rest-assured that it offers a high level of service, is financially sound, offers fair value for its products, and commands trust. In a nutshell, the Gold Standard Awards are service with a big plus.” In 2006, the following life insurance companies won the Gold Standards Award :
Friends Provident GE Life Scottish Widows Standard Life Healthcare In 2004, the winners were : GE Life for Pensions Scottish Life for Pensions Friends Provident for Pensions Scottish Provident for Protection Standard Life Healthcare for Protection The following companies were highly recommended : James Hay Administration for Pensions Abbey National Wrap Managers for Pensions In 2003, the winners were: Scottish Life for Pensions Friends Provident for Pensions GE Life for Pensions Standard Life Healthcare for Protection Friends Provident for Protection
Some other life insurance companies are : AA Asda Direct Line Egg Halifax Norwich Union Direct Prudential Sainsbury’s Bank Standard Life Tesco Nationw1ide Life Insurance Legal And General Life Insurance More Than Life Insurance

Jul 6, 2012

Marsh Legal

Marsh Legal
Like many large insurance companies and brokerage firms, Marsh has had its share of litigation and scandals. This amount will be paid over a four-year period and will be used to compensate approximately 100,000 corporations and smaller businesses whose commercial insurance was arranged by Marsh from 2001 and 2004. Marsh is paying $850 million to settle a lawsuit that accuses it of cheating customers by steering business to insurers in exchange for incentive payments and rigging prices.
The lawsuit was brought by the New York attorney general (Eliot Spitzer) stated that “Marsh received kickbacks from insurance companies that increased the cost of coverage for its customers and did not serve as an unbiased broker”.
Eliot has negotiated billions of dollars in restitution and penalties from mutual funds and banks for fraudulent activity.
Citigroup’s analysts were accused of providing misleading advice on stocks. The chief executive of Marsh said “we don’t believe that our corporate entity has ever been involved in a pattern of covering up or a pattern of criminal behavior” and apologized for the “shameful” and “unlawful” behavior of “a few people” at the company.
After the charges were filed in October 2004, Marsh stopped taking incentive payments from insurers and its chief executive, Jeffrey W. Greenberg, was forced to resign. The company agreed to “make fundamental changes in the way it does business” and it is believed that as a result of this lawsuit, Marsh is no longer involved in any illegal practices. A Review Of British Insurance Brokers Association (British Insurance Brokers Association Review)
BIBA is a broker organization that represents the interests of insurance customers, brokers and intermediaries. Many leading companies in the insurance industry are members of BIBA.
The British Insurance Brokers Association (BIBA) is the leading general insurance organization in the UK. Рlease write comment on my blog!