Bluefin, the national insurance broker, has urged businesses to take measures to help prevent the theft of catalytic converters from fleet vehicles.
Over a five month period the number of such crimes, which involve removing the catalytic converter to sell as scrap metal, has more than doubled from 1,100 to 2,300.
The surge in crime has been fuelled by the rising value of platinum, palladium and rhodium, which are used to make the converters.
Businesses with multiple vehicles are especially vulnerable as the thieves can easily target numerous vehicles in a single location, maximising their potential for illegal gain.
The effect on businesses can involve not just the cost and inconvenience of repairing numerous vehicles but also a delay to business activities whilst all or much of the fleet is grounded.
Bluefin has advised businesses to keep their vehicles locked in a garage or yard, if possible, and to engrave the vehicles’ licence plate number onto the converter.
Once upon a time, children grew up and left home. Now, if they leave, they often come back. And even if they dont, for many reasons, theyre still dependent on their parents.
Thanks to the Patient Protection and Affordable Health Care Act portions of which were being hotly debated in the U.S. Supreme Court last week theres yet another reason for them to be tied to the nest. Insurers must offer parents the option of keeping their adult children covered under the parents medical plan until age 26.
Since the law went into effect last year, some 2.5 million young people have gained coverage, filling a huge health insurance gap.
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Have you put off getting life insurance (or more of it) because you think it’s too expensive? You may want to reconsider when you learn this: Most people believe life insurance costs nearly three times as much as it actually does, according to a new LIFE Foundation and LIMRA study.
Take this example: the annual cost of a 20-year, $250,000, level-term life policy for a healthy 30-year old consumer is roughly $150 a year, but Americans estimate the cost at $400!
Here are 10 other facts from the 2012 Insurance Barometer Study that may surprise you. We’ve made them “tweetable” so you can share: Simply click on the fact you’d like to tweet and the tweet will be generated for you. And be su
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It is highly advisable that those who have been injured in an accident hear from the experts prior to deciding not to seek compensation. This is also true for those who have been offered a settlement, and cannot determine whether or not a fair amount is being offered. After being injured, it will be important to speak with a solicitor as soon as possible in order to protect yourself.
Do not assume that you are not entitled to seek compensation. This is a determination that should only be made by a professional who understands the circumstances of your injury and know the law surrounding such an event. The cost to have this determination made is nothing.
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In 2011, the mining insurance market was hit by $2.7 billion in natural catastrophe losses and over 60 operational losses, totaling $835 million.
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Creating a personal budget will allow the consumer to analyze your financial situation. The foundations for the creation of the budget is to make a monthly list of liabilities, along with other needs. The next step is the list of monthly income and compare it with the minimum amount of output. Hopefully the monthly income exceeds the passive output, otherwise the increased revenue needed for debt reduction.
The amount of income that appears after you create the budget should be used to pay additional amounts against personal responsibility. Credit cards with higher interest rate to be paid first. All additional revenue should be used until the credit card is paid off.
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Many homeowners and renters do their own home repair or remodeling work in a feeble attempt to save money. But they may actually put themselves in harms way by causing more expensive problems.
California contractor Robert Rayfield estimates that 70 percent of his business is tied to repairing or undoing home repairs done by do-it-yourself (DIY) homeowners or unqualified builders.
Ive been called in by people who spent time and money on doing the job themselves, only to add a few thousand dollars in repair time to undo their mistakes, Rayfield says.
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