Damage to private property caused this past New Year's Eve in the Netherlands is expected to reach roughly 15 million euros, but the estimated value is expected rise higher when the extend of damage to commercial property is included. The cost estimate from the Dutch Association of Insurers, which does not include medical expenses due to fireworks-related injuries, is similar to figures released a year ago.
Last year insurers caught 12,879 cases of insurance fraud, compared to 11,540 in 2017, the center for combating insurance crime CBV announced. Many of these cases involved things like falsely reporting a laptop stolen or staging a collision. But some fraudsters go much further, such as a dentist who amputated his own finger to get a disability benefit. "The finger ws removed very carefully. The dentist had not lost it due to an accident as he claimed", a spokesperson for the association of insurers VvV said to NOS.
The Dutch association of insurers VNV warn Dutch who bought electric scooters, skateboards and unicycles while vacationing abroad to remember that they are not allowed on public roads in the Netherlands. Also remember to insure them - if you end up in an accident with an uninsured e-scooter, you may have to pay the damages yourself, the VNV warns, NOS reports.
Employers' organization AWVN wants to make it mandatory for freelancers, entrepreneurs and other self-employed to have occupational disability cover. The AWVN will present this plan at a conference on Monday, Trouw reports.
Compulsory disability insurance for self-employed and freelancers has long been a point of dispute between employers and trade unions. Trade unions warn of the risk that the growing group of self-employed in the Netherlands form, while employers argued that self-employed should be able to decide for themselves how they spend their income.
Less than 20 percent of the 873 thousand freelancers and self-employed in the Netherlands have insurance against occupational disability, according to figures by Statistics Netherlands and TNO. 70 percent of this group don't have insurance because they can't afford it.
A quarter of this group say they can carry this risk by themselves and just over 20 percent can fall back on their partner's income. 14 percent don't have insurance because they don't trust insurers. This is especially common in the construction industry, according to the stats office.
Dutch insurer Nationale-Nederlanden (NN) teamed up with Vodafone to launch a new service called Bundelz - a prepaid car insurance. Bundelz provides car insurance for 1,000 kilometers at a time. After that distance, a new bundle is automatically purchased, AD reports.
Bundelz is intended for motorists who don't drive much - on average less than 100 kilometers per week and less than 7,500 kilometers per year. A bundle covering only liability insurance wil cost around 50 euros, and an all-risk bundle 70 euros. They remain valid for a year.
The Dutch government made approximately 450 million euros by selling 20.4 million shares in former Fortis insurer ASR. The shares were sold for 22.15 euros each, NLFI announced on Friday, ANP reports.
The NLFI is the foundation that manages the Dutch government's shares in financial institutions.
With the sale of 20.4 million shares on Thursday, the government's share of ASR reduced from 63.7 percent to 50.1 percent. the government plans to further reduce its share in ASR, but has to wait at least 90 days before another transaction can happen.
Achmea is cutting about 2 thousand jobs in the Netherlands between now and 2019, the insurer announced on Thursday, ANP reports.
According to the insurer, these job cuts are necessary due to the further digitization and the changing needs of the customer. "A further decrease in our costs and number of jobs is inevitable", the insurer said. Achmea hopes to cut costs by at least 200 million euros in the next few years.
Dutch insurers are not allowed to automatically increase insurance premiums of customers by more than 10 percent, Dispute Committee Kifid ruled in two cases. If the increase is more than 10 percent, the insured must sign that he or she agrees to it
Amsterdam hospital VUmc is getting 34.8 million euros in insurance money for damage caused by mass flooding last year this time. The flooding was caused by a break in the water main that left the hospital nonoperational for two weeks.
Achmea will have to increase their premiums, the management said in a press release with their half-year figures. According to the insurer, this "unavoidable" premium increase is necessary to absorb higher damages caused by climate change
The extreme rain-, wind- and hail storms that hit large parts of the Netherlands led to at least 500 million euros in damage claims, according to the initial figures of the Dutch association of insurers VNV. This includes damage to homes, cars and agricultural companies
Premiums on car insurance in the Netherlands are increasing rapidly this year, according to research done by comparison site Independer. Liability insurance in particular saw a massive premium hike recently
People with black cars pay more on their insurance than other people, according to a study done by consumers association ConsumentenBond and insurers Reaal, Route Mobiel and Zelf
At least 11 million euros in damage was caused to people’s homes and cars on New Year’s Eve, the Dutch Association of Insurers reported on Monday. The damage estimate is down by two million compared to a year earlier, and is a far cry from the tally eight years ago, when insurers shelled out nearly 24.5 million for various mishaps.
In the aftermath of the attacks on the World Trade Center in America in 2001, the Netherlands established an insurance fund that can pay out up to 1 billion euros in the case of an attack
A tour of five major insurance companies in the Netherlands has revealed that if you ride a Vespa scooter in Amsterdam, chances are it will be stolen. The scooter brand and the city dubbed “Not a happy marriage”. According to one of the insurers, “95 percent of all Vespa’s in Amsterdam are reported stolen within five years”, reports Parool.
The one of a kind Audi RS6 DTM that was stolen in Amsterdam on Wednesday night, has been found burnt out in Nieuw-West. The car was being used for filming at the Piet Hein tunnel, not far from the gas station where it was stolen in an armed robbery.
The parent company of retailers Dixons, MyCom and iCentre were declared bankrupt on Tuesday, with the administrator wanting to halt any further accumulation of debt. Together, the parent firm of the retailers employs 1,200 people in the Netherlands, including 650 at Dixons, 350 at MyCom and 190 at iCentre.
The occupation of the Maagdenhuis and Bungehuis cost the University of Amsterdam more than 700 thousand euros, NOS reports.
Currently, employers have to pay their workers when they take medical leave because of an injury they get outside of their job. This should not be the financial responsibility of employers, argues the VVD, but rather employees should purchase insurance to cover them in case of an accident.
ING bank reported a net result of 1.18 billion for the first quarter of 2015. This is a 43 percent improvement on the result from a year ago, and more than double the amount earned in the fourth quarter of 2014. Including the performance of the insurance branch, ING showed a net result of 1.77 billion in the first quarter.
Insurance giant Nationale-Nederlanden (NN) is dismissing its temporary workers in expectation of the new job security law, according to Volkskrant. The law that comes into force July 1 will provide greater job security to temporary employees. Previous incident of supposed law circumvention involved one of the largest Dutch banks, ING.
More people in the Netherlands in 2014 chose to pay lower monthly health insurance premiums, risking a higher own cost for medical care, than a year earlier. About 12 percent of policy-holders chose cheaper plans, broadcaster NOS reported.