Money Belts: Keep Your Valuable Safe Abroad

January 9th, 2012

Wearing a money belt when you travel abroad could save you a lot of money and a lot of stress. Prevent costly claims on your international travel insurance and the inconvenience of losing money abroad by choosing a money belt as a travel gadget. Travel insurance is essential, but it is always better not to have to claim on it.

There are many different styles of money belt available for travel. One style is constructed like a regular belt, and it functions like a belt as well as having a hidden compartment to store money and credit cards. You can also get a “No Beep” belt that will go safely through airport metal detectors.

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Philadelphia Sportswear Vendors Lose Their Shirts in Illegal Sales

January 4th, 2012

To coincide with the 2012 Bridgestone NHL Winter Classic, officials in Philadelphia enforced counterfeiting laws by seizing fake sports merchandise from international mail facilities and local street vendors.

The U.S. Immigration and Customs Enforcements (ICE) Homeland Security Investigations (HSI) announced the seizure of 1,649 counterfeit items with a manufacturers suggested retail price (MSRP) of nearly $350,000.

ICE HSI special agents — working with U.S. Customs and Border Protection (CBP), Philadelphia Police Department Major Crimes Unit, and the National Hockey League (NHL) and its private investigators — seized approximately 150 international mail parcels and investigated nine vendors since Dec. 28,

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Trade credit insurers foresee tougher times in 2012

December 31st, 2011

The business outlook is for more gloom next year, judging by reports from trade credit insurers who point to rising insolvencies here and the ongoing crisis in Europe as indicators of a tough year ahead.

Atradius MD David Huey says there is still pressure on rates, and he feels there is a disconnect between “what we read in the papers and the perception of risk in our market”. 

“It is almost as if we feel a bit divorced from what is happening in Europe and the US,” he told insuranceNEWS.com.au.

National Credit Insurance (Brokers) MD Kirk Cheesman says claims have been steady in the last quarter, although he notes the Australian Securities and Investments Commission (ASIC) has reported an 18% rise in insolvencies in the September quarter.

Trade credit insurers expect to see more claims in the April-June period, from businesses that have struggled to maintain cashflow over the summer holiday period.

Mr Huey says retail continues to struggle but construction seems to be recovering. Atradius

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North Dakota Fatalities Up, Especially in Booming Oil Patch

December 29th, 2011

As traffic has increased in western North Dakotas booming oil patch, so have fatal vehicle crashes.

Mark Berwick, a research associate at the Fargo-based, Upper Great Plains Transportation Institute tells The Bismarck Tribune that 42 percent of the 2011 fatalities on North Dakota roads through Dec.

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No Exam Life Insurance – Can Insurance Companies Really Issue No Exam Policies?

December 14th, 2011

Is no exam life insurance a new thing? If you read some of the writings on the subject you would think it is. The fact is that the idea is not new at all. Life insurance companies have been issuing policies on a non medical basis for a very long time. The reason is that they can hold down costs by doing so. You may ask how can a life insurance company achieve lower expenditure by issuing a no exam life insurance policy. Let us try to get the thinking of the decision makers in these companies.

  • What Does It Normally Cost To Issue A Policy?

The first thing we have to consider is the life insurance agents commission. In many companies that can be more than the first years premium.

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