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In 1941, the insurance industry began to shift to the current system where covered risks are initially defined broadly in an "all risk" [18] or "all sums" [19] insuring agreement on a general policy form (e.g., "We will pay all sums that the insured becomes legally obligated to pay as damages..."), then narrowed down by subsequent exclusion ...
In the post-war period General Accident acquired several new subsidiaries including the Yorkshire Insurance Company in 1967, despite a higher bid from Phoenix Assurance. By 1975 assets reached £1 billion and by the early 1980s assets were over £3 billion; total premium income was in excess of £1.5 billion, a third of which came from the US, By the late 1980s, General Accident had become ...
CGU Insurance Limited is an Australian intermediary-based insurance company and forms part of Insurance Australia Group (IAG). [1]CGU Insurance was formed through the global merger of Commercial Union plc and NZI's parent company, General Accident plc. [2]
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The business was established by General Accident in the late 1980s. By 1989, GA Property Services, latterly trading as General Accident Property Services (GAPS), owned 69 estate agencies and in 1995, the surveying division of GAPS became a separate company – GA Valuation and Survey (GAVS).
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It provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability. There are certain general insurance companies who also offer online insurance service for the vehicle. Auto insurance is a compulsory requirement for all new vehicles used whether for commercial or personal use.
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