Banks treat their customers with a mortgage "too often as a cash cow", Bart Combee, director of Dutch consumers assocation Consumentenbond said on Tuesday. A study by the association showed that banks often charge higher than necessary costs for adjustments to mortgages, ANP reports.
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.
On Thursday afternoon ING Group announced the sale of the last of its residual share in the insurance and asset management company Nationale-Nederlanden
Banks charge a too high interest rate for tens of thousands of homeowners who have a savings mortgage, because they do not take the savings that homeowners build up for repaying the mortgage into account.
Insurance company Nationale Nederlanden will be paying compensation to runners whose hair and clothes were stained during the Crazy Color Run in Leeuwarden on June 28th.
Eight out of ten largest insurers in the Netherlands invested in companies supplying arms and military equipment to dictatorships and plutocracies like Saudi Arabia, Bahrain and Nigeria, reports Eerlijke Verzekeringswijzer. The insurers' investment in 15 weapon suppliers totaled 6.8 billion euros between 2010 and 2014, the insurance comparison site announced on Thursday.
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.
Nearly 200 organizations are laying off employees because of the introduction of the new worker protection law in July, according to labor union CNV. Temporary workers who have worked with a company for at least two years are entitled to severance pay under the new legislation.
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.
Insurer NN Group (Nationale-Nederlanden) is the new sponsor of the Rotterdam Marathon. The organisation of the marathon has singed a three year sponsorship agreement with the company. The 35th Rotterdam Marathon will be held on April 12th, 2015.
Several Dutch insurers have not passed the major European stress test SCR.
According to Financieele Dagblad, employees of banks and insurance companies will lose the discount on their mortgage in the future.
The Association of Insurers has warned consumers that homeowners who rent out their homes through popular sites like Airbnb and Wimdu are often not insured against fire, damage or injury to their guests. Standard home insurance policies do not provide coverage for temporary rentals.
Multinational financial services group ING on Wednesday announced a net profit in the second quarter of 1.07 billion. The profit represents a increase of 19 percent and topples all estimates, the company said.