"I've shot a buck"
The fuss about the accident insurance of Zurich (UVZ) has also recorded on Wednesday the council. The relevant council Vollenwyder Martin (fdp.) admitted a mistake. "I've shot a buck," said the CFO.
(sda) The UVZ about 22 000 municipal employees covered by compulsory insurance against occupational and non-occupational accidents. The offices are located in a prime location at the train station in Zurich Stadelhofen.
The media criticized the UVZ requires too high premiums, paying too little rent, haveto operate much staff, and its head office in the premises a kinesiology practice at extremely favorable terms.
The People's Party demanded on Wednesday in a statement fraction others to claim the loss of rent for private practice afterwards. In addition, to be obtained on the open market insurance products.
Practice must be cleared
Vollenwyder admitted that it was a mistake by him to have allowed the operation of the practice at watching out. Since there is nothing to gloss over. Now, the practicemust be vacated by the end of June.
The other allegations, however, as he clearly of himself, the chief financial officer.The premiums of UVZ move Vollenwyder loud "in the Swiss midfield." Also they hadbeen cut in recent years points to the UVZ. He will now prefer the already planned review of the positioning of UVZ.
The UVZ is also featured in the public accounts committee (CC) and the Audit Commission (RPK). Vollenwyder will report early next week of the CC report. Thendecide which is more concerned with the Commission UVZ.
Saturday, December 10, 2011
Thursday, August 12, 2010
Cash in with fund policies
In unit-linked insurance policies do not necessarrily stick the best funds, but mostly by the insurer and its subscribers. As counter holding investors and improve their return on investment. Insurance Expats . independent advice from specialist insurance brokers
DVAG-advertising figure Michael Enlarge DVAG-advertising figure Michael Schumacher: Formula 1 as a driving force for the successful sale of expensive life insurance dpa
His trust in the advisor of Deutsche Bank Michael vacation book cost more than 4300 €. Just 1309.41 € he remained for more than four years of his contributions € 5600, when he announced his unit-linked life insurance. Most of the money had flowed into the account the insurance Zurich German Herold had fed fund manager of the German banking subsidiary, DWS and landed as a commission for the bank itself.
During the deliberations in the bank "was never discussed what funds and insurance which should I choose," says the now 33-year-old industrial engineer. The saleswoman suggested "to deposit the contribution into the Fund and DWS DWS accumulation of wealth Fund I. How closely Zurich and the German Bank are in league with each other plus DWS, including the then BAföG receiver no idea.
For unit-linked insurance policies insured usually pay monthly contributions. Some of the money is spent for costs fatality and commissions. The majority of moves in mutual funds is not laid out as in the traditional life, from the insurer. Insurers manage unit-linked life and pension some 47 billion euros - a roaring business for the whole financial sector: banking and financial sales advisor collect commissions, fund companies are looking forward to on regular inflows. Insurers appreciate that they can pass the risk of investment on the customer, because there is a guaranteed interest as endowment policies are not in fund policies. Guaranteed best, the repayment of contributions to maturity, so an interest rate of zero. Otherwise, the Insured his hands full, his money has safely to by stock market turmoil. The value of the policy fluctuate as the prices of the funds that drinstecken.
Cost of fund policies are high
The costs are high. The acquisition costs, including commissions for the agents, the operating costs of insurance and a possible rate surcharge on the monthly payment is to fund costs. Fund companies withdraw the fund's assets each year automatically charges. When funds Concentra Allianz Global Investors (AGI) were the last fiscal year proud 2.8 percent: management fee, custodian fees, custodian fees, transactions costs, administration fees, reporting costs, publishing costs, testing costs, success fee - the imagination's the limit. About two-thirds of the 1.5 billion euro, hidden in the expensive Concentra come from fund policies.
DVAG-advertising figure Michael Enlarge DVAG-advertising figure Michael Schumacher: Formula 1 as a driving force for the successful sale of expensive life insurance dpa
His trust in the advisor of Deutsche Bank Michael vacation book cost more than 4300 €. Just 1309.41 € he remained for more than four years of his contributions € 5600, when he announced his unit-linked life insurance. Most of the money had flowed into the account the insurance Zurich German Herold had fed fund manager of the German banking subsidiary, DWS and landed as a commission for the bank itself.
During the deliberations in the bank "was never discussed what funds and insurance which should I choose," says the now 33-year-old industrial engineer. The saleswoman suggested "to deposit the contribution into the Fund and DWS DWS accumulation of wealth Fund I. How closely Zurich and the German Bank are in league with each other plus DWS, including the then BAföG receiver no idea.
For unit-linked insurance policies insured usually pay monthly contributions. Some of the money is spent for costs fatality and commissions. The majority of moves in mutual funds is not laid out as in the traditional life, from the insurer. Insurers manage unit-linked life and pension some 47 billion euros - a roaring business for the whole financial sector: banking and financial sales advisor collect commissions, fund companies are looking forward to on regular inflows. Insurers appreciate that they can pass the risk of investment on the customer, because there is a guaranteed interest as endowment policies are not in fund policies. Guaranteed best, the repayment of contributions to maturity, so an interest rate of zero. Otherwise, the Insured his hands full, his money has safely to by stock market turmoil. The value of the policy fluctuate as the prices of the funds that drinstecken.
Cost of fund policies are high
The costs are high. The acquisition costs, including commissions for the agents, the operating costs of insurance and a possible rate surcharge on the monthly payment is to fund costs. Fund companies withdraw the fund's assets each year automatically charges. When funds Concentra Allianz Global Investors (AGI) were the last fiscal year proud 2.8 percent: management fee, custodian fees, custodian fees, transactions costs, administration fees, reporting costs, publishing costs, testing costs, success fee - the imagination's the limit. About two-thirds of the 1.5 billion euro, hidden in the expensive Concentra come from fund policies.
Tuesday, August 10, 2010
Floods: When the insurance must pay
Floods currently holds the citizens in the border triangle of Germany, Poland and the Czech Republic in breathing. Many towns and villages were flooded, the people affected are facing the ruins of their existence. The floods destroyed belongings and left a trail of destruction. Now the victims of the torrential floods at least hope to compensation from their insurance . What few people know but: in flood damages are neither classical nor included in the household insurance of private clients. We explain what insurance paid for the damage anyway, and how to protect citizens in areas at risk from nasty surprises.
Insurance
* Properly insured: Find a house insurance
* Insurance information Residential: Play obligation!
* Car Price: Compare and money
* Photo-series: flooding in Saxony, Poland and the Czech Republic
* Case: negligence and car insurance
Elementarschutz in the building insurance
Those who live in flood areas, lives always with the risk of dangerous flooding that can sometimes within hours and property destroyed thousands. Here we need to protect themselves properly, at least in terms of insurance. Since not replace conventional household contents insurance or residential damage by storms or floods, Christian Lübke advised by the General Association of German Insurers (GDV) to all affected to take out natural forces. However, have only one quarter of all households in Germany that protection. But the more important. Why should people check their insurance cover in time to be secured properly in an emergency.
Siegfried Karle, president of the association money and consumers (GVI) in Heilbronn, recommends more insurance quotes in the field of building insurers. Only these supplementary safe from damage caused by floods, heavy rain or flooding. The natural forces in the field of household goods, by contrast, is often not necessary. "In general, the cellars are involved and there are rarely stored valuables," said Karle. Consumers should consider durchrechnen and whether additional insurance is appropriate in their case. However, more and more regions in Germany are affected by heavy rain.
Partner Offer
Car insurance
Car Insurance: Compare and save up to 500 €. (Photo: Archives)
Compare their car insurance and save up to 500 € per year.
Car insurance
Heavy rains take
"Today we have heavy rainfall in regions that were spared before," says Lübke. Nor were 98.5 percent of all houses insured against flooding problems. At 1.5 percent it would be difficult as they are in danger areas such as the Oderbruch with the strong river flows. In these risk areas are the basic insurance, however, very expensive or are not even offered. Often insured must negotiate individual contracts here. "Here, there are schemes over a deductible." They are freely negotiated amounts - for example, be taken in case of damage, the first € 150 yourself.
If heavy rain, flooding or flood damage to their own belongings and done, should report the loss immediately affected their insurance. The federal government advises the insured person to send the declaration of loss by registered letter with return receipt. To document photos should be made. In addition, a list of all damaged items is required. Those who are not insured can make the damage may be submitted at the next tax return and settle there for repairs and replacement costs as extraordinary stresses.
Car through the partial or full insurance protection as owned property.
Unlike property and valuables flood damage on the car are covered by the partial or full insurance. If repairs are necessary due to flood damage, the insurer shall pay the costs. At a total loss of the replacement value is replaced, are relevant for, inter alia, age, mileage and equipment of a car. The damage bonus does not affect a flood event, Katrin Rüter explained by the General Association of German Insurers (GDV). make the claim that, therefore, attracts no premium increase for themselves.
Insurance
* Properly insured: Find a house insurance
* Insurance information Residential: Play obligation!
* Car Price: Compare and money
* Photo-series: flooding in Saxony, Poland and the Czech Republic
* Case: negligence and car insurance
Elementarschutz in the building insurance
Those who live in flood areas, lives always with the risk of dangerous flooding that can sometimes within hours and property destroyed thousands. Here we need to protect themselves properly, at least in terms of insurance. Since not replace conventional household contents insurance or residential damage by storms or floods, Christian Lübke advised by the General Association of German Insurers (GDV) to all affected to take out natural forces. However, have only one quarter of all households in Germany that protection. But the more important. Why should people check their insurance cover in time to be secured properly in an emergency.
Siegfried Karle, president of the association money and consumers (GVI) in Heilbronn, recommends more insurance quotes in the field of building insurers. Only these supplementary safe from damage caused by floods, heavy rain or flooding. The natural forces in the field of household goods, by contrast, is often not necessary. "In general, the cellars are involved and there are rarely stored valuables," said Karle. Consumers should consider durchrechnen and whether additional insurance is appropriate in their case. However, more and more regions in Germany are affected by heavy rain.
Partner Offer
Car insurance
Car Insurance: Compare and save up to 500 €. (Photo: Archives)
Compare their car insurance and save up to 500 € per year.
Car insurance
Heavy rains take
"Today we have heavy rainfall in regions that were spared before," says Lübke. Nor were 98.5 percent of all houses insured against flooding problems. At 1.5 percent it would be difficult as they are in danger areas such as the Oderbruch with the strong river flows. In these risk areas are the basic insurance, however, very expensive or are not even offered. Often insured must negotiate individual contracts here. "Here, there are schemes over a deductible." They are freely negotiated amounts - for example, be taken in case of damage, the first € 150 yourself.
If heavy rain, flooding or flood damage to their own belongings and done, should report the loss immediately affected their insurance. The federal government advises the insured person to send the declaration of loss by registered letter with return receipt. To document photos should be made. In addition, a list of all damaged items is required. Those who are not insured can make the damage may be submitted at the next tax return and settle there for repairs and replacement costs as extraordinary stresses.
Car through the partial or full insurance protection as owned property.
Unlike property and valuables flood damage on the car are covered by the partial or full insurance. If repairs are necessary due to flood damage, the insurer shall pay the costs. At a total loss of the replacement value is replaced, are relevant for, inter alia, age, mileage and equipment of a car. The damage bonus does not affect a flood event, Katrin Rüter explained by the General Association of German Insurers (GDV). make the claim that, therefore, attracts no premium increase for themselves.
Thursday, July 22, 2010
find best insurance quote
You should find the best insurance quotes for the South African market. We'd like to present them here.
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