GenevaLunch » insurance

Zurich benefits from less-disastrous world

Ellen Wallace — Thu, 10 May 2012 07:22:29 +0000

GenevaLunch.com ZURICH, SWITZERLAND – Insurance company Zurich Thursday 10 May reports a 78 percent increase (dollars) in net income attributable to shareholders for the quarter ending 31 March, compared to a year earlier. The company’s business operating profit was $1.4 billion and net income after tax was $1.1b. The “strong performance”, as Zurich qualified the quarter’s [...]

Zurich benefits from less-disastrous world © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss gov’t recommends “no” vote on abortion pay cuts

Ellen Wallace — Wed, 09 May 2012 17:52:43 +0000

GenevaLunch.com BERN, SWITZERLAND – The Swiss government recommended Wednesday 9 May that citizens vote against an upcoming popular initiative that would end reimbursement for abortions under the mandatory health insurance system. The cabinet said, after studying the proposal that will go to voters, that economic considerations should not come into play when a woman is weighting [...]

Swiss gov’t recommends “no” vote on abortion pay cuts © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss spend more on food than on taxes

Ellen Wallace — Tue, 15 Nov 2011 20:08:21 +0000

GenevaLunch.com Insurance was 8.4% in 2009, but cost has risen for past 2 years BERN, SWITZERLAND – Average disposable household income in Switzerland in 2009 was CHF6,650 a month, with 13 percent of that, CHF1,185, going for food, beverages and restaurants. Housing and energy together made up the largest household budget item, CHF1,495 a month. Transport [...]

Swiss spend more on food than on taxes © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Bye-bye, bike tax!

Ellen Wallace — Fri, 14 Oct 2011 08:16:06 +0000

GenevaLunch.com BERN, SWITZERLAND – Bicycle owners in Switzerland will say farewell at the end of the year to the CHF5 tax and stickers on their bikes, the Federal Council confirmed 13 October. The tax, in reality a form of third party insurance, will no longer be necessary as of 1 January 2012, but the insurance coverage [...]

Bye-bye, bike tax! © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Peru has 6.2 quake; US quake damages Washington monument

Ellen Wallace — Thu, 25 Aug 2011 07:02:36 +0000

GenevaLunch.com GENEVA, SWITZERLAND – Northern Peru was hit by a 7.0 earthquake Wednesday 24 August, centred in a remote and under-populated Amazon area. The quake was felt in the capital 600 km away and in southern Brazil. The extent of the damage is not yet known. Scientists say there is no link between this week’s earthquakes [...]

Peru has 6.2 quake; US quake damages Washington monument © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Pfizer wins Swiss case for anti-smoking meds

Ellen Wallace — Thu, 04 Aug 2011 12:47:41 +0000

GenevaLunch.com LAUSANNE, SWITZERLAND – US pharmaceutical company Pfizer won the Swiss Federal Tribunal’s backing Thursday 4 August for health insurers to cover the cost of Champix, a drug used by some smokers to ease their tobacco addiction. The court agreed that in some cases the addiction is an illness and the cost of the drug should [...]

Pfizer wins Swiss case for anti-smoking meds © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Bicycles need new licenses at end of May

Ellen Wallace — Tue, 10 May 2011 09:41:26 +0000

GenevaLunch.com Geneva, Switzerland (GenevaLunch) - Bicycle tax time is rolling around, in Switzerland: the 2011 license must be displayed on all bikes by 31 May. The annual CHF5 “tax”, which is actually a form of insurance, must be stuck onto the bike to be valid, although it can be transferred from one bicycle to another. It [...]

Bicycles need new licenses at end of May © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

World’s disaster costs highest ever

Ellen Wallace — Tue, 29 Mar 2011 20:27:17 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) - Natural catastrophes and manmade economic disasters cost the world $218 billion in 2010, more than three times the cost in 2009, Swiss Re, the Zurich reinsurer, said 29 March. The loss of lives, 308,000 people, was the highest since 1976 and far higher than the 2009 figure of 15,000 lives lost, [...]

Swiss dream ski week, part 5: Davos

Ellen Wallace — Fri, 25 Mar 2011 12:29:10 +0000

GenevaLunch.com This is the fifth in the Swiss dream ski week series, where Nick and Liam Bates, regular contributors to GenevaLunch, see how much great skiing at top Swiss resorts they can pack into one week. Be sure to check out the video at the end. Click on images to view larger Geneva, Switzerland (GenevaLunch) - [...]

NZ earthquake cost: $800m initial cost, says Swiss Re

Ellen Wallace — Thu, 03 Mar 2011 12:39:29 +0000

GenevaLunch.com Final bill could be $6-12 billion Zurich, Switzerland (GenevaLunch) – The cost of last week’s earthquake in Christchurch, New Zealand, is expected to be around $800 million, based on currently available information, Swiss Re says in a statement issued Thursday 3 March. The company’s chief executive Stefan Lippe notes that the human toll, in deaths [...]

NZ earthquake cost: $800m initial cost, says Swiss Re © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.