Life insurers do not have to inform about reduction possibilities, but they are liable for incorrect advice due to legal advice obligations. Members of the German Bundestag posed the following question: “What are the legal obligations of life insurance companies to inform their customers about the possibility of reducing claims before the contract is […]
Artikel zum Thema: Duty to consult
Changing tariffs in the PKV is worthwhile
Changing tariffs in private health insurance often makes sense even for those who have been insured for many years. It is not just a matter of saving on premiums, but of improving benefits. Private health insurance (PKV) is cheap when you are young – because with statutory health insurance (GKV), contributions are based on […]
Asset Protection: How millionaires are misled by financial planners and consultants
– Why some asset protection leads to poverty or prison – It is common practice for credit institutions of all kinds and independent advisors to sell “private financial planning” to their clients. This may well cost a few thousand euros in fees – only for the time being, because the damage done in the […]
Capital protection: Why some asset protection schemes lead to poverty or prison
It is common practice for credit institutions of all kinds and independent advisors to sell “private financial planning” to their clients. This may well cost a few thousand euros in fees – only for the time being, because the damage done in the process is often up to more than six figures. Bank(st)ers let it […]
The fairy tale of the better private health insurance (PKV)
– Advantages of the statutory health insurance (GKV), which insurance brokers conceal – A PKV insured gets his tumor on the neck, an optic nerve and half of his tongue removed. The subsequent proton therapy – costs up to more than 43 TEUR – may not be paid by the PKV. The employer’s […]
Sales success or wasted legal additional income with the insurance broker?
– When insurance brokers can receive fees in addition to brokerage – “Tine flies like an arrow. Fruits flies like a banana.” (Groucho Marx) For decades, insurance brokers have competed with business and tax advisors, legal counsel, and insurance consultants. In this context, comprehensive insurance advice as pure legal advice is (also) part of […]
Mega-risk in pecuniary loss liability: the time-limited subsequent liability
What financial service providers need to pay attention to with regard to IBNR risk The impacts seem to be steadily approaching: More and more major losses are weighing on the claims statistics of financial services providers. The list ranges from K1-Fonds, Phoenix Kapital, to S&K, Infinus, as well as many other unnamed companies. As […]
Higher Regional Courts of Karslruhe and Stuttgart sentence insurance companies
When insurance companies are liable alongside brokers for misadvice on pensions Insurance companies are liable in the event of advice errors by insurance brokers By judgments of the Karlsruhe Higher Regional Court (OLG) of 02.08.2011 (Case No. 12 U 173/10) and Saarbrücken Higher Regional Court of 04.05.2011 (Case No. 5 U 502/10-76), insurance companies […]
Dr. Johannes Fiala: Rüruprente can be seized and terminated
If the lecturer for civil law and insurance law at the Dual University of Baden-Württemberg, lawyer Dr. Johannes Fiala (53, photo – Dr. Fiala) from Munich, invites people to seminars where they learn how to secure their retirement provisions and assets from seizures, he usually expects specialist lawyer colleagues who advise entrepreneurs. “But almost no […]
The most common typical consulting errors in the BU mediation…
… and how to protect yourself from them. Private occupational disability insurance policyholders with the “right” broker are not approached along the lines of “Is your premium in occupational disability also too high?” in order to then use this to find the customer another occupational disability insurance policy (which is worse in terms of […]