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18th of October 2010
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News Tag: claims

September 29, 2010

Ireland’s unemployment rate dips in September

by Kay Murchie
”Ireland’s
The Irish Central Statistics Office (CSO) has today revealed the jobless rate dipped to 13.7% in September, down from 13.8% in August. However, the rate remains a concern and compares with a rate of 10% for the euro zone and 7.8% for the UK. In the meantime, the CSO said there was a fall in the number of people claiming benefits. According to ...




September 28, 2010

Catastrophes hit Lloyd’s of London profits

by Kay Murchie
...




September 13, 2010

N&P reported to have mis-sold investments

by Kay Murchie
”N&P
Norwich & Peterborough Building Society has been hit with claims of mis-selling of investments between 2006 and 2009. The building society, which is Britain’s tenth largest, is expected to receive letters tomorrow from solicitors acting on behalf of 250 customers, demanding compensation for investment advice they received in the society’s branches about its Keydata products. The claims have led to calls from ...




March 15, 2010

China argues stable yuan contributes to global recovery

by Kay Murchie
”China
Wen Jiabao, China’s Premier, has denied his Government is keeping the yuan undervalued after lawmakers and economists said it is hampering a global recovery. Mr Wen argued keeping the yuan stable was "an important contribution" to global recovery and said: “We oppose countries pointing fingers at each other and even forcing a country to appreciate its currency.” Speaking at the ...




March 11, 2010

Treacherous weather conditions cost insurers £650m

by Kay Murchie
Treacherous weather conditions cost insurers £650m
The Association of British Insurers (ABI) today reported the heavy snowfall earlier in the year cost insurers £650 million in weather-related claims. Between December 18 and January 13, when snow and plummeting temperatures swept the country, there were around 335,000 claims, said the ABI. The majority of the claims came from motorists as a result of the treacherous conditions on Britain’s roads. January ...




February 15, 2010

CEBR reveals what might have happened if Britain joined the euro

by Kay Murchie
CEBR reveals what might have happened if Britain joined the euro
Leading think tank, the Centre for Economic and Business Research (CEBR), has today claimed that the recession and unemployment would have been much worse if Britain had joined the euro. According to the think tank, if Britain had dropped the pound, the unemployment rate would be at 15% (double what it is now) and GDP might have ...




November 30, 2009

Lloyds seeks to dismiss overdraft cases

by Kay Murchie
”Lloyds
Last week, the Supreme Court ruled in favour of the banks over the fairness of unauthorised overdraft charges. The legal battle, which has been ongoing since July 2007, came as a devastating blow to consumer groups who have been campaigning for many years about the charges, which they deem to be unfair. Since the ruling, banking giant Lloyds said it is seeking to ...




November 12, 2009

US jobless claims fall

by Kay Murchie
US jobless claims fall
Official figures show that the number of US workers filing new claims for jobless benefits last week fell for the second consecutive week to the lowest level since January. The figures show that claims for state unemployment insurance fell to 502,000 in the week ended November 7, down from the revised 514,000 the previous week. According to Gary Thayer, chief macrostrategist for Wells Fargo ...




September 16, 2009

UK unemployment continues to grow

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed that unemployment grew by 210,000 to 2.47 million in the three months to July - the highest level since 1995. The latest figures take the unemployment rate to 7.9%, up from 7.8%, according to the ONS. Meanwhile, the number of people claiming jobseekers allowance increased 24,400 to 1.61 million - the highest since May 1997 ...




August 27, 2009

Commerce Dept reveals official Q2 GDP figures for US

by Kay Murchie
Commerce Dept reveals official Q2 GDP figures for US
The Commerce Department has today revealed that the US economy contracted at an annual rate of 1% during the second quarter - unchanged from an initial estimate released in July, and better than market expectations for a 1.5% contraction. The data is almost certain to back up the fact that the economy is starting to recover after its worst ...




August 20, 2009

US jobless claims in surprise rise

by Kay Murchie
US jobless claims in surprise rise
Government figures released today revealed a shock rise in the number of US workers filing new claims for jobless benefits. The Labor Department said initial claims for state unemployment insurance benefits rose 15,000 to a seasonally adjusted 576,000 in the week ending August 15, up from 561,000 the previous week. Linda Duessel, market strategist at Federated Investors in Pittsburgh, said: "I think that ...




July 6, 2009

Groupama appoints fraud-buster team

by Kay Murchie
”Groupama
Groupama plans to catch out motor insurance fraudsters using psychological trickery by bolstering its anti-fraud department with a cognitive interviewing team. Claims believed to be fraudulent will be put through a cognitive interviewing process under which claimants will be asked a specific set of questions that help determine whether or not their claim is genuine. According to Groupama, people submitting opportunistic fraudulent claims will often ...




June 25, 2009

US economy’s rate of contraction better than expected

by Kay Murchie
US economy’s rate of contraction better than expected
The world’s largest economy received some good news today after the Commerce Department revealed that gross domestic product (GDP) fell by an annualised rate of 5.5% in the first three months of 2009. The figures were much better than previously thought and follow a 6.3% fall in the final quarter of 2008 and a fall of 0.5% in the third ...




February 13, 2009

Home insurance vital in extreme weather

by David Masters
”Home
February has already seen the most severe snow storms in 18 years as well as over 100 flood warnings - highlighting the importance of adequate property insurance. "Recent events highlight how important it is to have the right level of cover in place to protect both your home and your belongings," said Emma Baunach, manager of Post Office home insurance. Homeowners should make ...




February 4, 2009

Irish January jobless claims reach record high

by Kay Murchie
”Irish
Figures from the Central Statistics Office (CSO) have revealed that the number claiming unemployment benefit in Ireland reached the highest monthly level on record in January. The CSO said 326,100 people made unemployment claims in January, up from 293,100 in December. Meanwhile, the CSO said the unemployment rate increased to 9.2% in January compared with a rate of 8.3% in December. January’s rate ...




January 15, 2009

Home wind turbine claims adrift

by Gill Montia
Home wind turbine claims adrift
Property owners hoping to reduce running costs by erecting a home wind turbine should take a look at the latest research on the subject. A report by Encraft, the engineering consultant that specialises in low carbon buildings, has revealed that most installations perform well below the levels promised by manufacturers. The least effective turbines provided just 41 watt-hours a day, which would not run ...




July 3, 2008

Fraudulent motor insurance claims worth £5 million every week

by Kay Murchie
”Fraudulent
According to industry body, Association of British Insurers (ABI), dishonest drivers face a nasty surprise as detection of fraudulent claims has increased by 70% over the last 3 years. Last year, the ABI uncovered 24,000 fraudulent motor insurance claims worth £260 million, or £5 million every week. Nick Starling, the ABI’s Director of General Insurance and Health, said honest ...





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