Monthly Archives: June 2014

Scrapped holidays 55% of travel insurance claims

http://www.irishexaminer.com/ireland/scrapped-holidays-55-of-travel-insurance-claims-272847.html By Nick Bramhill More than half of all travel insurance claims relate to cancelled holidays. Researchers found abandoned overseas’ trips account for 55% of insurance claims from Irish holidaymakers — with illness and family bereavement the main reasons for cancellations. Medical expenses incurred account for 14% of claims, while 10% are due to a loss of personal possessions, notably tablet computers or smartphones. Furthermore, missed departures and stolen money total 8% of claims. The figures were released by Allianz Global Assistance Ireland who studied 2,000 travel insurance claims made to them by Irish holidaymakers from 2013. Roland Hesse, country manager for the company, said travellers who fail to take out insurance ahead of their summer holidays risk huge financial losses if something goes wrong abroad or if their trip is cancelled. “The benefit of insurance is that when travelling abroad,...

“It is unacceptable that three months on from the collapse of Setanta we are still not in possession of all the relevant facts”

http://www.independent.ie/business/personal-finance/fund-may-not-pay-out-in-claims-against-setanta-motorists-30348401.html

Fund may not pay out in claims against Setanta motorists

Finance Minister Michael Noonan has warned that drivers making a claim against a driver who had a policy with collapsed Setanta may not be able to access a fund set up by insurance companies. The fund was put in place to pay out when those causing an accident have no cover. Instead, drivers may now have to apply to a separate High Court-run fund, the minister admitted in the Dail. And it could mean that the 2pc levy imposed on all motor and home insurance policies to fund the High Court-administered Insurance Compensation Fund will be in place for longer. Mr Noonan told the Dail in April that those with a third-party claim against someone insured with Setanta would have their claim dealt with...

Weather Warning – 10/06/2014

Even though there are blue skies out at the minute, there is a National weather warning for today: Widespread heavy and thundery showers will develop today, with spot flooding likely. http://www.met.ie/nationalwarnings/default.asp Zurich has designed a Flood Guide to provide useful, straightforward advice for homeowners on how to best prepare for a flood, along with practical tips and guidance to those affected on how to cope with the aftermath. http://www.zurichinsurance.ie/internet/irelandgi/sitecollectiondocuments/zurich-helppoint/severe-weather/floodguidebro1209lr.pdf...
Brady Burns Insurance Brokers.