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Archive for March, 2009

AIG crisis could be the tip of an insurance iceberg

By ⋅ March 31, 2009 ⋅ Post a comment

(LA TImes) - When insurance giant American International Group Inc. imploded last fall, the firm’s problems were quickly blamed not on its core insurance business but on an obscure operation that traded exotic mortgage securities.
But as the economic crisis deepens, it has become clear that AIG’s problems extend across most of its business lines, including [...]

Now And Then: Health Care

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(TBO.com) - This is an abridged version of a story that appeared in The Tampa Tribune’s Sept. 23, 1993, editions, when President Bill Clinton introduced his health care reform package. Because of congressional battles, the plan remained in limbo and ultimately went nowhere. In March 1995, the Government Accounting Office estimated the Clinton administration spent [...]

Woolsey hopes to attend flood insurance meeting with officials, feds

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(marinij.com) - Marin officials, irked by the Federal Emergency Management Agency plans, face stiff odds on delaying a looming deadline for flood insurance needed by more than 1,200 local homeowners.They are calling in reinforcements in the form of Rep. Lynn Woolsey, D-Petaluma, when they head to Washington D.C., on Monday to meet with FEMA brass.
“She [...]

UK Homes Show Off Contents To Criminals

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The average home in the UK displays up to £4,000 of contents through ground floor windows, according to Swinton home insurance.
(PRWEB) March 30, 2009 — The average home in the UK displays up to £4,000 of contents through ground floor windows, according to Swinton home insurance.
Millions of people leave expensive televisions, stereos, computers and games [...]

Revolutionary On-Line System and New Method for Insurance Shopping Helps Americans Save on Insurance

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RateElert, LLC launches new Insurance Shopping alert System to save Americans time and money by combining the Internet and wireless technology to Match consumers with lower rates from competing insurance companies in real-time.
With the click of a mouse, Gene Spilak of New Baltimore, MI was the first to receive an instant e-mail and text [...]

Cheap Car Insurance Influences Motor Purchases

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Cheap car insurance is becoming a major in factor in determining what car to buy, according to Swinton, the UK’s leading high street car insurance retailer.
(PRWEB) March 31, 2009 — As sales of expensive sports cars and petrol guzzling 4×4s drop due to the current financial climate, motorists are searching for cars that provide more [...]

Health insurers pull a fast one in proposed reform

By ⋅ March 30, 2009 ⋅ Post a comment

(Los Angeles Times) - It might have looked as if real progress toward healthcare reform was made last week when leading insurers proposed ending their long-standing practice of charging higher rates to sick people and denying coverage to those with chronic conditions.
But not so fast.
A closer look at the insurance industry’s plan reveals a potentially [...]

Long urges calm on jobless insurance

By ⋅ March 30, 2009 ⋅ Post a comment

(journalgazette.com) - After 12 weeks of posturing, lawmakers will start seriously negotiating a fix for Indiana’s bankrupt unemployment insurance fund this week.
And Senate President Pro Tem David Long, R-Fort Wayne, started the process with comments intended to ratchet back some of the emotion in the debate.
“All four caucuses have to come together and find a [...]

Ex-Mass. man takes chance without flood insurance

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(boston.com) - Growing up in Newton, Jim Shaw was used to the New England blizzards that buried the city in snow, or the occasional northeaster that would pound the region with wind and rain. But none of that could prepare him for the massive flooding that has plunged his Fargo, N.D., community, and others like [...]

Recession Causes Insurance Claims to Soar, Say Staveley Head

By ⋅ March 30, 2009 ⋅ Post a comment

We are in a recession, and insurance claims are getting worse. During such times of financial stress it is inevitable that claims inflation will have a tendency to spiral upwards, and insurance underwriters will be keeping a watchful eye on any movement during the coming months.
(PRWEB) March 30, 2009 — We are in a [...]

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