Posted in Auto Insurance
January 17th, 2012
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Photo: Alex E. Proimos 
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. 
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. 
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. 
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. 
Posted in Auto Insurance , Personal Injury Protection
December 30th, 2011
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Auto insurance claims are on the rise across the country according to a new report released by the Insurance Research Council (IRC). The report, issued this week, found that the increase in costs is reversing previous trends of relatively stable costs that have even declined in some cases. 
Posted in Health Insurance
December 28th, 2011
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Expect to find a new fee added to your health insurance plans sometime in the next year thanks to a little-known revision in the Patient Protection and Affordable Care Act. According to the revision, the government will begin charging a fee in order to conduct pharmaceutical research that will help find out which drugs, medical procedures, tests and treatments are most effective. 
Posted in Life Insurance
December 26th, 2011
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Do you feel you carry enough life insurance protection to fully cover your family in the event of an unexpected tragedy? According to a recent study conducted by Ipsos Public Affairs, many Americans are concerned they don’t have the financial protection they need. 
Posted in Auto Insurance
December 23rd, 2011
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Mercury Insurance Group is seeking permission from the California Department of Insurance to raise auto insurance rates by $89 million. Simultaneously, the insurer is seeking to take part in a 2012 initiative to give discounts to drivers who never let their car insurance lapse, which Consumer Watchdog says is not a coincidence. 
Posted in Health Care , Health Insurance
December 20th, 2011
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After months of court rulings around the country, President Barack Obama and dozens of state officials have managed to move the debate over the constitutionality of health care reform to the U.S. Supreme Court. Exactly what would a decision from the court mean in this health reform debate? How could the justices impact the future of health care? 