Thursday, April 17, 2008

Direct Line restores T5 insurance - BBC News


The Direct Line coverage company is restoring full traveling screen to riders using the recently opened Terminal 5 at Heathrow.


Earlier this hebdomad the company said police forces bought since the terminus opened would not counterbalance people for lost baggage or delayed flights.


It argued that the recent pandemonium at T5 amounted to a pre-existing condition.


However, British People Airways states services are back to normal, so the insurance company will no longer except any such as claims.


Policies bought before T5 opened on 27 March were always valid.


And Direct Line states it have been paying out on claims made on policies which were bought after the opening.


"As a gesture of goodwill, Direct Line will be taking a sympathetic position of any claims made against flight breaks or lost and delayed luggage at the Terminal since its gap - irrespective of when the policy was bought," said a spokeswoman.


"To date, Direct Line have agreed to pay all claims made in regard of lost baggage at T5," she added.


The company's determination to no longer except claims on fresh policies widens to other coverage companies in the same Royal Depository Financial Institution of Scotland group, such as as rubidiums insurance, John Churchill and Privilege.


The same also uses to the policies of other coverage houses which are underwritten by RBS, such as as those of the Alcoholics Anonymous and Tesco.

Labels: , , , , , , , , , ,

Thursday, November 22, 2007

United India Insurance co signs 7-year pact with HP

CHENNAI:
United Republic Of India Insurance Company Ltd on Thursday signed a seven-year agreement
with Hewlett Packard for getting hardware and software system support to improve
services and cut down transaction
costs. The undertaking cost is Rs
100 crore, spreading out as Rs 70 crore for the hardware and Rs 30 crore for
software, services, care and preparation over seven years, Gram Srinivasan,
Chairman and Managing Director of United Republic Of India Insurance, told a press
conference here today. The
scope of the system integrating would include supply, customisation,
implementation and care of core and other application software, hardware
and system software, he
said. HP, along with its
partner SSP, would implement Dog Star 4 Insurance (S4I), a centralised core
insurance application for United
India. horsepower would also implement
SAP endeavor resource planning (ERP) platform for fiscal accounting and
human working capital direction solution, horsepower Republic Of India Managing Director Balu Doraisamy
said. Srinivasan said this core
insurance solution would assist addition the company's degree of client service
apart from reducing the IT and transaction
costs. "We would be able to
save about 20 to 22 per cent per dealing once this is implemented," he said,
adding that the company could retrieve the undertaking cost within two
years. In the initial phase,
the solution will be implemented as a airplane pilot undertaking from September adjacent year,
and by the end of adjacent year, it would be implemented in all the business offices of the
company, the CMD said.

Labels: , , , , , , , , , ,