• Car Insurance,  Information,  Know

    Know What Car Insurance Information That You Should Know

    Insuring your automobile can be a complicated and frustrating matter. There are so many confusing options and scenarios to consider that you really need some guidance in finding the right coverage for your vehicle and your needs. Read on for some great ideas on how to go about navigating your way through the red tape and paperwork and finding the best auto insurance for you!

    Be sure to understand the terminology used in your car insurance policy. Even when you talk to your agent, he will be talking about things like comprehensive, collision, and liability. Make sure that you understand what is meant by all of this, this way you will be able to ask all the questions you may have and understand the answers that you will be getting.

    If you drive a newer model vehicle, be sure to review the policy details closely to see how the company handles repairs in the case of a claim. Some companies include verbiage indicating that after-market parts may be used for repairs. If you have a newer vehicle and want to ensure factory parts are used in repairs, you may want to consider a different carrier.

    If you are aiming to lower your auto insurance premiums, then a basic tip is to avoid any accidents from occurring! Yes, this is pretty obvious, but it does wonders for lowering your premiums. Some ways you can be a safer driver include: driving at or below the speed limit; stopping at stop signs; and using turn signals.

    Stay far away from vehicles with the word “sport” included on them. Anything that goes fast is viewed negatively by insurance companies, as these can influence drivers to take more risks, which in turn costs them more money. Steer clear of sporty vehicles unless you want your premiums to get higher.

    If you have a shiny new car, you won’t want to drive around with the evidence of a fender bender. So your auto insurance on a new car should include collision insurance as well. That way, your car will stay looking good longer. However, do you really care about that fender bender if you’re driving an old beater? Since states only require liability insurance, and since collision is expensive, once your car gets to the “I don’t care that much how it looks, just how it drives” stage, drop the collision and your auto insurance payment will go down dramatically.

    Saving money on auto insurance doesn’t always happen as soon as you sign your policy. One of the best ways to save is to stick with the company for a few years while proving you are a safe driver. As your driving record remains unblemished, your monthly premiums will start to go down. You could save hundreds each year that you avoid an accident.

    Hopefully this article has provided you with some useful tips you can take into the process of obtaining auto insurance and come out on top. With so many variables and types of coverage, it’s a wonder any of us ever find ourselves the right insurance, but with a little investigating and the helpful advice you have read here, you can get the best cover at the right price.

  • Car Insurance

    Insurance can be used as a good retirement planning tool

    Same goes for your retirement. If you do not lock-in money every year or every month – chances are that there would not be too much left when your source of income dies down. Thats when your medical expenses peak and your source of income has dried. Plan for it at least 20 years from that date so that there are no surprises. And don’t just keep hoping for the best!
  • earnings release

    Zacks estimates Willis Group Holdings EPS

    Best insurance stock today – Zacks estimates Willis Group Holdings EPS : Willis Group Holdings plc (WSH – Analyst Report) reported fourth-quarter 2012 adjusted net income from continuing operations of 45 cents per share, surpassing the Zacks Consensus Estimate by a penny. Results were in line with the year-ago earnings.

    Including goodwill impairment charge of $2.62 per share, write-off of unamortized cash retention awards of 79 cents, 2012 cash bonus accrual of $1 per share, insurance recovery of 2 cents, loss on disposal of operations of 1 cent, deferred tax valuation allowance of 64 cents and dilutive impact of potentially issuable shares of 6 cents, Willis Group incurred a loss of $4.65 per share, compared with an income of 14 cents in the prior-year quarter.

    Operational Performance
    Total revenue in the quarter increased 6.3% year over year to $871 million due to higher commissions and fees. Commissions and fees improved 7% year over year to $867 million in the quarter.

    Investment income
    plummeted 100% year over year to $4 million, attributable to lower net yields on cash and cash equivalents.
    Total expense shot up 123% year over year to $1.6 billion, primarily due to an increase in salaries and benefits, and goodwill impairment charge.
    In the quarter under review, adjusted operating income was $166 million, up 8.5% year over year. Operating margin expanded 40 basis points to 19.1%.
    Quarterly Segment Update
    Global: Organic growth in commissions and fees was 11.6% in the quarter, while reported growth was 11.3%. Organic growth was primarily driven by better results across all lines of business.
    Operating margin was 19.7%, expanding 340 basis points year over year.
    North America: Commissions and fees, on an organic basis, grew 5%, while on a reported basis grew 4.7%.
    Operating margin in the quarter contracted 250 basis points to 17.2%.
    International: On an organic basis, commissions and fees increased 7.4% year over year, while on a reported basis, it increased 6.4%. Latin America reported strong double-digit growth, while Europe and UK reported mid-single digit growth. Asia recorded low single-digit growth.
    Operating margin was 23.6%, contracting 270 basis points.

    Full year Highlights
    Adjusted net income from continuing operations of $2.58 per share were in line with the Zacks Consensus Estimate. Earnings declined 5.8% over 2011.
    Including goodwill impairment charge of $2.60 per share, write-off of unamortized cash retention awards of 78 cents, 2012 cash bonus accrual of 99 cents, insurance recovery of 3 cents, loss on disposal of operations of 2 cents, India JV settlement of 6 cents, write-off of uncollectible accounts receivable balance and legal fees of 5 cents, deferred tax valuation allowance of 64 cents and the dilutive impact of potentially issuable shares of 6 cents, Willis Group incurred a loss of $2.58 per share, compared with an income of $1.15 in 2011.
    Cost Savings Initiative
    Management is reviewing the organizational design and expects to reduce headcount. The review will be completed in the first quarter of 2013. As a result Willis Group expects to incur a pre-tax charge of about $35 million to $45 million in the first quarter of 2013.
    Nevertheless, beginning in the second quarter, the company expects to realize cost savings, primarily through headcount reduction, of approximately $20 million to $25 million in 2013. Moreover, it expects annualized cost savings of approximately $25 million to $30 million.
    Financial Update
    Willis exited 2012 with cash and cash equivalents of $500 million, up 14.7% year over year.
    Long-term debt slid 0.7% to $2.3 billion from 2011 end.
    Cash flow from operating activities in 2012 was $524 million, up 19.4%.
    Dividend Update
    In Feb 2013, the board of directors approved a 3.7% increase in the quarterly cash dividend. Willis will pay the increased dividend of 28 cents on Apr 15, 2013 to shareholders of record as on Mar 29, 2013. The annualized dividend comes to $1.12 per share.
    Performance of other insurance brokers
    Marsh & McLennan Companies, Inc. (MMC – Analyst Report) reported its fourth-quarter 2012 operating earnings of 52 cents per share, in line with the Zacks Consensus Estimate.
    However, the results were slightly higher than the year-ago quarter’s earnings of 46 cents per share.
    Arthur J Gallagher & Co. (AJG – Snapshot Report) reported earnings of 39 cents in the fourth quarter, a penny above the Zacks Consensus Estimate and up 11% year over year.
    Aon plc (AON – Snapshot Report) posted earnings of $1.27 per share, exceeding the Zacks Consensus Estimate by 1.6% and the year-ago earnings by 31%.
    Zacks Rank
    Willis Group currently carries a Zacks Rank #3 (Hold)
  • insurance news

    World Bank insurance program in disaster prone Haiti

    World Bank insurance program in disaster prone Haiti : an arm of the World Bank next week will unveil a $1.96 million project that aims to help thousands of low-income entrepreneurs in Haiti protect their livelihoods against natural disasters.

    The International Finance Corporation says the program is much-needed. Only 0.3 per cent of Haiti’s 10 million people have some form of insurance, one of the world’s lowest rates.

    Small entrepreneurs are particularly vulnerable to uninsured losses, and can default on debts and be disqualified from future loans when they need money to recover.
    The insurance will be distributed through the Haitian microfinance institution Fonkoze, and is supposed to help up to 70,000 people over the next three years. The IFC made the announcement Friday. Details will be released next week.
  • Car Insurance

    7 Tips For Better Insurance!

    Purchasing flood insurance is not something you want to rush,” notes David Beavers of the Water Damage Team. “To properly protect your investments you should take the time to properly prepare before purchasing flood insurance, as rates limits and coverage alter drastically between insurance companies. To help you prepare for your search, please enjoy the following list of tips for finding the right flood insurance.”

    1. Assess your Home’s Risk
    A nation wide insurance company stated that one third of the flood claims they get come from homes not in a flood prone area. It’s important to consider your real risk for a flood of any kind, and how high if a risk it is. Depending on your homes propensity to flood, the policy you choose should adjust to it accordingly. You can go to the governments flood site, FloodSmart.com, to get a better idea of your homes risk for flooding as well as some estimates for price ranges you should be expecting.

    2. Don’t Wait
    It takes awhile to finalize the process of getting flood insurance, and if a flood occurs during that process it’s not likely that you will receive coverage. If you are considering this type of insurance, then make sure you plan to purchase it well before flood or even rain season. Unfortunately, the majority of homes in Louisiana had no flood insurance during hurricane Katrina, and government handouts only go so far.

    3. Educate Yourself on Limits
    Before signing anything, make sure you know your home well and they type of flood damage it could incur. Then carefully evaluate your flood insurance proposal and make sure you are fully covered for any and every area of concern. While some insurance companies have limits to the amount they’ll refund you for damages, some will cover your home and it’s possessions to the full extent. Do not be afraid to ask questions, express concerns, or criticize rates and limits. This is your home, life, and family you’re dealing with so it’s okay to be a little pushy to make sure you’re getting what you want when you pay for it.

    4. Ask About Rate Increases
    No one wants to think about their rates increasing in the future when they’re first taking on a new bill, but it is important to remember that your flood insurance rates could very likely rise and you will be expected to pay the difference. Luckily, now that you know this you can take a look at rate limits for each insurance company you consider, and factor them in.

    5. Preparation is Key
    The more knowledgeable and prepared you are when choosing flood insurance, the more likely you are to make the perfect choice for you. Before going in to question agents, make a list of things you’d like to ask and know. It’s easy to get flustered and forget important things when you’re talking to a smooth talking insurance agent who knows how to make a sale. Know what exactly you’d like protected from a potential flood (just the home, or all possessions or vehicles as well?) and what your budget is. Look online before going out to et a good idea for insurance rates for your area.

    6. Ask Neighbors
    Don’t be shy to ask neighbors and friends living nearby if they have flood insurance and which company they purchased it from. Make sure to ask multiple questions from overall satisfaction, to reliability and rates. The best reviews are from the customers themselves as opposed to the company trying to sell their stuff.

    7. Do Not Rely on Handouts
    Although it’s true people living in high-risk areas have the right to government aid in a natural disaster, they aid is very limited. Very limited. If you live in one of theses areas and thus think you don’t need insurance, know that you’ll receive some help but you may lose your home and possessions in the process, as the government is not likely to replace them.

    The Water Damage Team is a nation wide disaster restoration company, with years of experience in water removal and water drying. As well as storm damage clean up, contaminated water removal, structural drying, debris removal and mold remediation.

  • Financial Freedom For Family,  Insurance Tips

    Financial Freedom For Family

    Most young people, when asked how close they are dreams or financial freedom, usually immediately took a deep breath. Maybe you too?

    Unless you are very lucky early on in life, hard work is not an option for this purpose. Sometimes it takes a long time. You might just be able to reach it when the kids grow up, mortgage paid off, and you can take off work. But you must take the first step today.

    What is financial freedom?

    Short answer: When you are saving enough to support you so that you can turn away from the hard work and stepped out of the office without the slightest regret. Long answer is somewhat more complex.

    Do not Wait for Retirement.
    Most people achieve financial independence at retirement, with enough savings to spend days old without a monthly salary. You do not have to wait that long anyway.

    Most people save for retirement. But if you want a free finance before that arrives, the approach should be different. Retirement planning with money that you pull later, at a point in time that is still far away. Financial Freedom with money that you can access as soon as possible. Or when you stop working.

    Define and regularly review the Financial Goals

    Determine your financial goals alone. When you want to achieve financial freedom? In 5, 10, or 20 years from now? Draw maps, place the achievement points. Routinely check your real achievements, compare with the dots on the map.

    If you fail to meet the 2 points in a row achievement, most likely target you peg less realistic. Or something unexpected happens and disrupt your plans. Means it’s time to draw a new map! 

    Manage Your Freedom
    Whatever your relationshipslover, marriage, or work togetheryou have to manage your financial freedom. Relationships often end. Make sure that when it happens, you can deal with comfortably. At least about moneyand you can focus more on the emotional issue.

    If you accept credit disbursement, please register everything in the name of spouse or partner only. Register your name anyway. This will help if you decide to start a business after a breakup. 

    Financial FREEDOM for the family!

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