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Mass. Home Insurance Rate Hike Called “Illegally Excessive”

January 27th, 2012
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A Massachusetts home insurance association has come under fire for proposing a rate request for 150,000 consumers in the state. Massachusetts Attorney General Martha Coakley initiated accusations during her testimony before the commissioner of insurance last week, stating that the association’s request to increase premiums for the Fair Plan is “illegally excessive.”

Baby Boomers Consider Life Settlements to Fund Retirement

Posted in Life Insurance

January 25th, 2012
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Baby Boomers are strongly considering the option of cashing in their life insurance policies to ensure they have money set aside for retirement, says a survey conducted by International Communications Research (ICR). The survey, released on Wednesday, revealed that a whopping 79 percent of Boomers want to know more about life settlements to keep their lifestyles afloat.

Affordable Health Care Options Hard to Find in Many States

Posted in Health Insurance

January 23rd, 2012
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Finding affordable health care is difficult for a large majority of individuals currently without health insurance. According to a new analysis, three out of four uninsured Americans live in states that have yet to determine how best to provide its residents with the medical care they need.

California Pushes Single-Payer Health Care Legislation

Posted in Health Insurance

January 18th, 2012
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A single-payer health care bill may soon become a reality in California now that advocates have presented the idea to a state Senate committee. This is the second time the state has attempted to pass this type of legislation and advocates hope they are successful this time around.

2011: A Record Year for Disaster Losses

Posted in Home Insurance

January 17th, 2012
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Disaster Losses Photo: USACEpublicaffairs

Weather Issues that Can Increase Car Insurance Rates

Posted in Auto Insurance

January 17th, 2012
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Photo: Alex E. Proimos

Prudential to Pay Families $20 Million in Life Settlements

Posted in Life Insurance

January 16th, 2012
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Prudential Life Insurance has agreed to pay up to $20 million to beneficiaries of life insurance policies under the terms of a new settlement deal. The agreement, announced on Friday by the California Controller’s Office, will ensure families are compensated by the insurer after it failed to make benefits payments under an appropriate time frame.

White House Turns Away Health Insurance Rates Hike Request

Posted in Health Insurance

January 13th, 2012
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The Obama administration has ordered health insurance company, Trustmark, to rescind its recent request for a health insurance rates increase after deeming it unreasonable. While this type of demand would normally be reserved for state regulators, the government was granted the authority to address rate increases under the new healthcare reform law.

Bank of America and Chase Investigated for Force-Placed Homeowners Insurance

Posted in Home Insurance

January 11th, 2012
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JPMorgan Chase and other major banks like Bank of America are being investigated for allegedly steering borrowers into overpriced home insurance policies illegally. The New York State financial services agency in charge of the investigation is focusing on a trend that was once used to protect banks from financial losses but now may be used simply to earn some extra cash.

California Enacts Life Insurance Death Benefit Law

Posted in Life Insurance

January 4th, 2012
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California enacted a death-benefit law this week that will place new requirements on life insurance companies. In response to complaints that insurers routinely failed to contact or pay death settlements after policyholders died, the government has moved to increase protections for beneficiaries.

Mass. Home Insurance Rate Hike Called “Illegally Excessive”

Baby Boomers Consider Life Settlements to Fund Retirement

Affordable Health Care Options Hard to Find in Many States

California Pushes Single-Payer Health Care Legislation

2011: A Record Year for Disaster Losses

Weather Issues that Can Increase Car Insurance Rates

Prudential to Pay Families $20 Million in Life Settlements

White House Turns Away Health Insurance Rates Hike Request

Bank of America and Chase Investigated for Force-Placed Homeowners Insurance

California Enacts Life Insurance Death Benefit Law

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