AAA Texas has announced the availability of a new Guaranteed Rebuilding Cost (GRC) optional endorsement for qualifying homeowners from its affiliated carrier, the Auto Club Indemnity Company. The GRC optional endorsement is an innovative insurance product that provides Texans with 100% coverage for covered rebuilding costs.
The top three reasons consumers filed formal complaints against their insurance companies in 2008 were delays, denials of claims and unsatisfactory settlement offers. According to the National Association of Insurance Commissioners (NAIC), premium/insurance rating and policy cancellation issues completed the top five.
Massachusetts Attorney General Martha Coakley wants a public hearing to review the auto insurance rates of a new company entering the market in Massachusetts. Occidental Fire and Casualty Insurance Co. of North Carolina is asking to charge Massachusetts drivers rates that are based on the rates companies charge “high risk” drivers and to add additional […]
(CompNewsNetwork) – Insurance Commissioner Thomas R. Sullivan announced recovery on behalf of consumers totaling $3,088,500 for 2008. This is on par with previous years. The Consumer Affairs division recovers an average of $3 to$4 million dollars per year. “We are here to help,” said Commissioner Sullivan, “and I think this demonstrates that the efforts of […]
Operating a home based business is a great way to earn income for many people. According to statistics, three out of ten people work at home. This type of business has a lot of benefits in comparison with traditional 9 to 5 office jobs: you can be your own boss, work in your pajamas, set […]
Expectant Mothers Find a New Face in the Delivery Room Laborists – hospital-based specialists – are filling in the gaps as a growing number of obstetricians stop delivering babies because of malpractice insurance costs and long hours, the Boston Globe reports. Pregnant women don’t even meet a laborist until they arrive at the hospital to […]
Already hit hard by severe losses on their investment portfolios, insurance companies nationwide — particularly life insurers – continue to face challenges as they attempt to convince investors that their capital reserves are safe. Fears also remain that the insurance cycle is entering a down period and increasing investment losses could cripple the insurance industry […]
(ARA) – The number of tasks that distract us while driving is growing. Who hasn’t spent their commute talking on the cell phone, switching songs on an mp3 player, texting or plugging an address into the GPS? While it may not seem like a big deal, distracted driving is dangerous and can even be deadly. […]
New York State insurance Fund (NYSIF) Executive Director David P. Wehner said the NYSIF’s 2008 fraud prevention program accounted for more than $20 million in total savings – a record amount exceeding all prior yearly totals since the program began. “We are determined to continue an aggressive attack against workers’ compensation fraud in New York […]
Caution! Not all insurance companies are the same when it comes to fixing your car! In a blind survey of 50 New Jersey auto repair facilities performed by USA/Direct, an independent research firm, Teachers’ Insurance Plan of NJ was shown to be superior to AIG/21st Century, Liberty Mutual, GEICO, and Progressive. The survey asked body […]