“A good idea is a good idea”

“A good idea is a good idea”

Drensteinfurt – The CDU parliamentary group starts the new electoral period with a radically younger team. At its head is Markus Wiewel, who has also headed the Committee for Urban Development, Building and the Environment for some time. Generational change. A word that the Stewwert CDU coined this year. Not only because the local union … Read more

“Sustainable”: When the customer and the insurer mean something else

“Sustainable”: When the customer and the insurer mean something else

11/25/2020 – Sustainability can be understood to mean different things. According to a new survey, that seems to be particularly true when it comes to insurance. While providers tend to focus on green systems, when it comes to sustainability and insurance, customers tend to think of security and the long term. Basically, however, only very … Read more

No legal protection in exceptional situations? VKI complains.

No legal protection in exceptional situations?  VKI complains.

11/23/2020 – Citing an exceptional situation clause, the defendant insurer rejected legal protection for various lawsuits relating to Covid-19. The Association for Consumer Information has now complained that this clause is grossly disadvantageous, non-transparent and therefore prohibited. The Commercial Court of Vienna largely agreed with his argument. The Association for Consumer Information (VKI) as an … Read more

The marriage of two foundations

The marriage of two foundations

Rheda-Wiedenbrück (gl) – Getting even stronger together: Especially in difficult times, this is a recipe for doing good for people. Therefore, the regional cultural foundation is now being merged with the community foundation. Since both institutions are active in Rheda-Wiedenbrück, this should achieve even more impact. The regional cultural foundation was founded in 1995 by … Read more

Hiscox: “The greatest risk in digital events is technology”

Hiscox: “The greatest risk in digital events is technology”

November 20, 2020 – The demand for securing hybrid and digital events rose rapidly in the corona year. The specialty insurer Hiscox is recording significant growth in new business here. Hiscox manager Peter Pillath spoke to VersicherungsJournal about risks, coverage, the uncertainty factor technology, claims and prospects. For three years the Hiscox SA, branch for … Read more

Difficult evidence after storm damage – VersicherungsJournal Deutschland

Difficult evidence after storm damage – VersicherungsJournal Deutschland

November 20, 2020 – If an insured cannot conclusively prove that their building was damaged in a storm in accordance with the insurance conditions, their insurer is not obliged to pay. The Saarland Higher Regional Court ruled that on October 9, 2020 (5 U 61/19). One of the homeowners had taken out storm damage insurance … Read more

ING brings a new offering in Austria with Axa

No legal protection in exceptional situations?  VKI complains.

20.11.2020 The ING-Diba Austria branch recently offers one Credit protection for consumer loans, this in cooperation with the Axa. Credit protection is offered as an option in the course of the application for installment, home or car loans. In the application, no information on the state of health is required, explains the ING. Epidemics or … Read more

Uniqa better than expected after nine months

No legal protection in exceptional situations?  VKI complains.

November 20, 2020 – Uniqa was able to keep premium income and pre-tax earnings practically constant in the first nine months compared to the same period of the previous year. The expense for insurance benefits has decreased and the underwriting result has doubled. The downside: persistently high costs and poor investment income. The first nine … Read more

Actuaries are concerned about pandemic disruption

Actuaries are concerned about pandemic disruption

November 17, 2020 – The effects of the Covid-19 pandemic on the insurance industry were the topic of the first day of the autumn meeting of the German Association of Actuaries. Among other things, government assistance with the business closure insurance was called for. The Covid-19 pandemic is expected according to the German Actuarial Association … Read more

Citizens’ Attorney: Dispute over waiting period in the event of business interruption

No legal protection in exceptional situations?  VKI complains.

11/10/2020 – After his old business interruption insurance was about to expire, a freelance advertising specialist took out new insurance through a multiple agent. He was not told that there was a waiting period. When he became seriously ill shortly afterwards, the insurer refused to pay. The ORF citizens’ attorney was mainly concerned with the … Read more