Could Michigan be the next state to mandate insurance coverage for autism? Several autism advocacy groups and handfuls of activist parents from across the nation think so, as a lawsuit against the state’s largest insurer to force it to pay for autism treatments moves forward in federal court in Detroit and as state lawmakers re-introduce […]
The vast majority of Americans don’t know as much about their insurance coverage as they think, according to a recent survey. The state Department of Commerce and Insurance (TDCI) is urging Tennesseans to educate themselves. “Now more than ever, consumers need to be mindful of the impact their insurance decisions can have on their financial […]
(Alamogordo Daily News) – My basic liability auto insurance had only risen about 3 percent per year for the last five years. Suddenly, in late 2008, it shot up 48 percent. I have not had a ticket in more than 20 years and have never made a claim on this company. When I had my […]
Insurance is one of those necessary expenses, so you can’t cut it out of your budget entirely. Fortunately, all major insurance companies offer a multitude of discounts you may already be eligible for. 1. Drive Safe Almost every major auto insurance company offers safe driver discounts. AllState (Stock Quote: ALL) offers three levels of discounts […]
(Newswise) – The keys to fixing the U.S. health care system are to hold people accountable for their actions; treat health insurance like auto insurance and tax individual’s health care benefits said Larry Van Horn, a leading expert and researcher on health care management and economics. “People need to consume less health care, period,” said […]
Attorney General Martha Coakley wants the state’s insurance division to maintain the appeals process for drivers who believe they were wrongly assessed surcharges for accidents. The Board of Appeals is slated to stop hearing new cases April 1 as Insurance Commissioner Nonnie Burnes continues to phase in deregulation of auto insurance.
More consumers complained about claim denials last year than any other type of insurance problem, the Ohio Department of Insurance said today. Nearly a third of the 6,506 complaints closed by the department in 2008 involved claim denials.
New York State Insurance Department Frauds Bureau investigations led to 755 arrests in 2008, the bureau said in its annual report for the year released Thursday. That represents a 6.5 percent increase over 2007 and the highest number of arrests stemming from Bureau investigations since 2004 when there were 815 arrests. “Arrests for crimes like […]
The failure of the repeated bailouts of American International Group’s (AIG Quote – Cramer on AIG – Stock Picks) to quickly unwind itself and wean itself from taxpayer aid has fueled critics of the massive government intervention. Barry Ritholtz, director of research for Fusion IQ thinks that the state-regulated insurer that was profitable and had […]
(Los Angeles Times) – AIG is too interconnected to fail, some experts say. Its ties with other companies, markets and economies are so numerous that consequences of its collapse are unforeseeable. To understand why federal officials keep pumping astronomical sums of money into companies such as insurance giant American International Group Inc., it might help […]