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Pelosi Says Health Bill As Is Will Probably Not Pass in House

Posted in Health Insurance

January 26th, 2010
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It seems that Massachusetts Senator Scott Brown may not have as much of an effect on the fate of the health care overhaul as the House, as told by House Speaker Nancy Pelosi. She noted on Thursday, Jan. 21 that she did not believe that the Senate’s version of the health care reform had enough support from the House of Representatives to pass without changes.

FEMA’s New Floodplain Map Strikes Again

Posted in Home Insurance

January 25th, 2010
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Southern California residents were recently hit with new expectations to purchase flood insurance due to FEMA’s new floodplain map, and it appears that now some Michigan residents will be on the hook as well. While some of the resident in California were able to fight FEMA’s requirements and excuse themselves from this new expectation, it looks like residents in Michigan’s Fenton Township area are just beginning their fight.

Life Insurance Around the World

Posted in Life Insurance

January 22nd, 2010
1 Comment

Regardless of nationality, people everywhere want to protect themselves and their dependents from financial difficulties in the event of an emergency. Getting affordable life insurance is a big part of that, which is what makes it a world-wide phenomenon. Already well-established in the United States and Europe (where growth rates are mostly flat), life insurance sales are booming in so-called “emerging markets.” Countries like Brazil, Vietnam, India and China are seeing explosive growth in the number of life insurance policies being sold as their economies expand and mature.

AIG to Sell Life Insurance Unit to MetLife

Posted in AIG , Life Insurance

January 22nd, 2010
2 Comments

Troubled insurer American International Group (AIG) is nearing an agreement to sell one of its international life insurance units to its rival MetLife, Inc. as soon as possible. The negotiations have been going on for several months, but it looks as though the two companies have settled on a deal that will result in $15 billion sell-off.

Top 5 Life Insurance Scams

Posted in Life Insurance

January 21st, 2010
1 Comment

Life insurance is touted as a smart purchase for those wanting peace of mind regarding estate planning. Unfortunately, there are predators using the system to conduct life insurance fraud on unsuspecting victims. Annually, insurance fraud costs Americans at least $80 billion, so let’s take a look at how these scammers are stealing our money.

Insurance Information Institute Warns Drivers about Earthquakes and Auto Insurance

Posted in Home Insurance

January 21st, 2010
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The severe earthquake that hit Haiti a little over a week ago reminded the Insurance Information Institute (I.I.I.) of the vulnerability of many drivers and homeowners who are more underinsured than they think.

According to the institute, having standard auto or homeowners insurance may not be enough if an earthquake hits, they may also need some form of earthquake coverage.

What Will Happen to the Health Care Bill?

Posted in Health Insurance

January 21st, 2010
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After months of fighting over the health care bill and finally getting to a place where it seemed that enough Congress members liked it, its fate is once again questioned after Republican Scott Brown won Ted Kennedy’s Senate seat on Tuesday night.

Originally owning 60 seats in the Senate, now Democrats have 59 seats, which is one short of the number needed to overcome a Republican filibuster, which Republicans promised will occur.

The Basics of Home Mortgage Insurance

Posted in Home Insurance

January 20th, 2010
3 Comments

Buying a new home is a big deal for anyone, but perhaps even more so for people on a very tight budget. People who can’t come up with the minimum 20% of the loan as their down payment, for example, are required to get home mortgage insurance. Not to be confused with home insurance, home mortgage insurance protects lenders in case a borrower defaults on his or her payments. It is not required for people putting down 20% or more of the total loan value as their down payment.

More Drivers Buying Hybrid Vehicles

Posted in Auto Insurance

January 20th, 2010
No Comments

A recent survey from Ernst & Young shows that 1 in 10 U.S. drivers would consider purchasing hybrid vehicles, a benefit that could result in lower auto insurance premiums. According to the company’s Global Automotive Center on Thursday, Jan. 14, approximately 20 million Americans feel that going “green” may be the way for them.

How Winter Damage Can Hurt Your Property

Posted in Home Insurance

January 19th, 2010
1 Comment

Snow can be beautiful, but when it covers every inch of your home and property, it can potentially cause much damage. Winterizing (or winter-proofing) your home is an important step to take prior to the first snowfall of the season. Additionally, by taking the proper precautions to winter-proof your home and minimize any chance of winter damage, you can save money on your homeowner’s insurance premiums due to a number of factors.