Flat salaries coupled with rising health care costs is a refrain ringing (does a refrain really ring?) through many workplaces these days. It’s a tune that’s now reaching city hall. Insurance costs for Fayetteville city workers are due to increase 7.5 percent next year, said Missy Leflar, Fayetteville human resources director. This translates to $240,000 […]

Long-term care insurance (LTCI) is an expensive and complicated product. It’s sold by a shrinking number of financially challenged insurers and subject to differing state rules that aren’t always effectively enforced. Consumers have faced large rate increases, and complaints about industry sales practices and claims denials are on the rise. No wonder that private LTCI […]

(NBC New York) – Quality of Insurance Linked to Cancer Survival: Survey A new poll conducted by the country’s leading cancer advocacy organization finds that the odds of surviving cancer correlate with whether a patient has health insurance – and the quality of that health insurance. The poll, commissioned by the American Cancer Society, looked […]

The insurance industry plays a significant role in California’s economy, employing hundreds of thousands of workers, investing billions of dollars in state and local governments and paying the fourth largest amount in taxes to the state’s General Fund, according to a 2009 report released today by insurers. The report, “The Insurance Industry’s Impact on California’s […]

(Insurancenewsnet) – The American Insurance Association (AIA) opposed Maine LD 1305, An Act To Provide for Prompt Resolution of Insurance Claims by Providing for a Direct Remedy by Consumers, at a hearing today before the Insurance and Financial Services Committee. According to AIA, the legislation would create a new private right of action against insurers […]

American International Group bailed out of the auto insurance business on Thursday, selling Woodland Hills-based 21st Century Insurance to Farmers Insurance Group for $1.9 billion. Los Angeles based-Farmers, a subsidiary of Zurich Financial Services Group, will keep the 21st Century brand.

Indianapolis – From groceries to appliances, prices are going up. You can now add insurance premiums to that list. It’s the sort of rate hike that quickly raises the ire of insurance policy holders. Insurance companies, watching their own profits and portfolios fall, are passing the buck to consumers. Americans can expect to pay higher […]

(CNN) – Insurers used to suggest that home and auto insurance policies were fairly recession-proof, with drivers and homeowners typically maintaining the same coverage each year, no matter what. Not anymore. Auto-insurance coverage quotes obtained online at insurance-shopping Web site Insurance.com dropped an average $100 in March from six months ago, the result of drivers […]

The next time you hit the road, there’s a good chance the person driving next to you may not have car insurance. According to a new report by the Federal Highway Administration, 1 in 6 drivers nationwide go uninsured. The study blames the tough economy and people cutting back where they can make ends meet.

(CNN) – The 10 most expensive natural disasters in U.S. history all have occurred in the last decade. These catastrophes have resulted in insurance companies having to cover losses averaging $10 billion each year since 1989, compared with just $2 billion yearly from 1980 to 1988. With the potential catastrophe payouts insurers face far exceeding […]