| The Personal Lines Insurance Market: International Perspectives ...
LYON, France--(BUSINESS WIRE)--Reportlinker.com announces that a new market research report related to the worldwide insurance industry is now available to its catalogue. Personal Lines Insurance http://www.reportlinker.com/p050757/personal-insurance.html Personal lines insurance, which refers to products taken out by, or for, individuals or households in a private capacity, comprises private motor insurance; buildings and contents household insurance; accident and health insurance; pet insurance; travel insurance; and insurance for domestic appliances. The insurance is divided into five formal categories: motor, property, accident and health, general liability and pecuniary loss. With the exception of niche markets, such as specialist car insurance, domestic appliance insurance or high net-worth insurance, personal lines business is viewed by the industry as being unprofitable.
Medical insurance brokers urged to think globally
Intermediaries who ignore the growing demand for private medical insurance (PMI) policies to include an international dimension could lose business to their competitors, Allianz Worldwide Care's chief executive has warned. Ron Buchan said the traditional distinction between domestic and international PMI is blurring because health cover is related to people rather than places, treatment is increasingly obtained internationally and people who travel frequently for business know where to get the best treatment. Speaking at the Association of Medical Insurance Intermediaries' (AMII) annual conference, Buchan said: "Multinational companies don't see the distinction between countries and health insurance policies that we see. Higher-end employees want a broader range of cover and this is not affected by the fact that they are French or American." He warned that intermediaries who ignore the trend "could be caught by surprise" because non-involvement will open the door to competitors.
Daily Briefing
Detroit —- General Motors Corp. will add a third shift and about 500 temporary workers at its plant near Lansing, Mich., where it builds crossover vehicles, but it also is cutting jobs and pickup truck production at a plant in Pontiac, Mich. GM said the Pontiac downsizing is because of a slumping pickup market nationwide, and the increase at the Delta Township plant near Lansing is because of rising demand for the Buick Enclave, Saturn Outlook and GMC Acadia crossovers. DEALS: Steel processor to be acquired Chicago —- Steel processor Ryerson Inc. said Tuesday it agreed to be acquired by private equity firm Platinum Equity for about $1.06 billion. A Platinum Equity affiliate will acquire all of the outstanding shares of Ryerson for $34.50 per share in cash, a 15 percent premium over the company's closing share price on Feb.
Host families needed for exchange students
Pacific Intercultural Exchange (P.I.E.) is seeking host families for foreign high school students who are scheduled to arrive soon for academic semester and year home-stay programs. According to P.I.E. Executive Director John Doty, the students are all between the ages of 15 and 18 years, are English-speaking, have their own spending money, carry accident and health insurance, and are anxious to share their cultural experiences with their new American families. P.I.E. currently has programs to match almost every family's needs, ranging in length from a semester to a full academic year, where the students attend local high schools. Families who host for P.I.E. are also eligible to claim a $50 per month charitable contribution deduction on their itemized tax returns for each month they host a sponsored student.
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