Insurance News – auto insurance, health insurance quotes

German reinsurer Munich Re will buy HSB Group, belonging to the American International Group, for $742 in order to expand presence in the USA.
Company Hartford Steam Boiler Inspection and Insurance which, provides a covering of a wide spectrum of risks, is HSB’s basic active. In 2007 after payment of taxes HSB’s profit has made $158 million, and the total premium – $904 million.
AIG, which has bought Hartford Steam Boiler in 2000 approximately for $1,2 billion, it is compelled to sell actives worldwide to repay the government.
Munich Re has informed, that the agreement on purchase contains a term, which will protect the company from further investment HSB’s losses. The overcautious person plans to finance transaction which, predictably, will be closed by the end of the first quarter 2009.

Since December, 15th, 12 Russian insurance companies have started sale of certificates of auto insurance for travel by car in countries of the Europe.
Since January, 1st, “Green card” will become the obligatory document for travel practically in all countries, including Ukraine, Belarus and Moldova.
Russian car owners, going abroad, will have to pay €65 for monthly certificate or €34 for the period of 15 days. It is possible to get “Green card” for a year. The price makes €308. These tariffs concern to automobile motor transport only. The fortnightly tariff for the bus will cost €97 euros, and for the lorry the price will make €57 euros.

Since January, 1st, 2009, the governmental order of Moscow from August, 5th, 2008, 700 «About perfection of insurance system of premises in Moscow» certain some changes in conditions of insurance
Since January, 1st, 2009 there will be certain changes in conditions of insurance. There will be increase in the size of payments at insurance case. In the initial size defining the size of payment for premises damaged as a result of insurance case, insurance cost of one square meter of premises. Now it is equal to 17 thousand rubles ($404). Since January, 1st, 2009, insurance cost of one square meter of total area of premises is established at 20 000 rubles ($476). It means that payments will increase almost by 18 %.
Change of tariff has not occurred, it has remained 6-7 times below commercial, but because of increase in cost of your apartment the payment for insurance has slightly increased.