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Insure your home for its correct value or pay the price

Insuring your home for replacement value means your insurer will cover the costs of rebuilding your property to its original dimensions and quality in the event it is destroyed or damaged. Yet inflation sees the cost of building increase every year. As such, home owners should regularly update their policies to avoid being underinsured and […]

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Business Insurance Magazine Recognises Aon with Innovation Awards

Aon Corporation , the leading global provider of risk services and human capital consulting, announced its Aon Risk Services and Aon Benfield businesses have earned Innovation Awards from Business Insurance magazine . Recognised were two technology solutions: Aon Risk Services’ Aon Global Risk Insight Platform® and Aon Benfield’s FAConnectSM. “Aon’s businesses are united in innovation, […]

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Inferior advice harms public and industry alike

Everyone realizes the importance of being innovative and vigorous to survive and grow in a competitive environment. The insurance industry is no exception. The way in which innovation is implemented, however, is justifiable only if it benefits the client. It is often asked whether insurance products can really be tailor-made without extra cost to the […]

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Collusion usually only detected when profits plunge

Beyond petty theft committed by employees, bigger cases of theft or fraud often result from collusion between several or more staff, usually assisted by outsiders. “And because it is so hard to detect, losses can run into the millions before it is discovered”, warns Brian Gillespie of Alexander Forbes Risk Services’ Knowledge Centre. In fact, in most cases collusion is […]

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Can South African’s afford to splurge in 2010?

With a number of luxury goods makers reporting better than expected sales during the last three months of 2009, it is clear that consumers continued to splurge on gifts over the festive season, despite the recession. Swiss luxury goods maker Compagnie Financiere Richemont recently reported a 2% rise sales for the quarter that includes Christmas, […]

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Are your employees ripping you off?

In tough times fraud committed by employees against their companies booms. While a basic fidelity guarantee is a good idea and a Commercial Crime policy an even better idea “the best defense against being ripped off by your employees is to remain alert to patters of behaviour which may point to fraud” advises Brian Gillespie […]

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