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Insurance Business | 31 Oct 2014, 11:21 a.m. Agree 0
A major player’s AGM turned into a marathon session yesterday as shareholders questioned company executives over remuneration levels.
  • Perception | 31 Oct 2014, 12:33 p.m. Agree 0
    You have got to be joking? I don't understand the jargon that is being used in regards to "Long Term Incentives" What on earth is LTI ?
    However it great to have insurance companies making a profit but there comes a point where we need to explain to our clients why the premiums are going up. Yeah we all know about reinsurance costs and the need to build reserves but the man on the street who does not have shares with IAG is not going to be all dreamy eyed over this declaration of profit
  • Ian Martin | 31 Oct 2014, 12:42 p.m. Agree 0
    Good on Tower ..insurers know that there are two types of events - single and area wide ..prudent insureds have to allow for almost a two to three year rebuilding period for an area wide Natural disaster if ChCh is anything to go by but not if it's a single site loss by a fire / flood . Its time Insurers had a two tier sum insured and rated for both .Presently cost of House Insurance has increased beyond reasonable levels for many..
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