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Who’s Paying the Most for Car Insurance?

Posted in Auto Insurance

January 13th, 2010
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Having a minimum level of auto insurance coverage is the law in nearly every state (except for New Hampshire). Not only is it your legal obligation, it’s also a smart move to make as accidents do occur and can lead to financial ruin. Please note that the laws on coverage vary from state to state as well as the premiums and rates charged due to a number of unpredictable factors. This is why comparison-shopping can be so effective.

The Health Care Bill Plot Thickens: Showing Proof of Insurance on Tax Returns?

Posted in Health Insurance

January 13th, 2010
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While nothing is final as of yet, word is circulating that the final health care bill may require that all Americans not only have health insurance, but prove it – on their tax returns. And if you don’t prove it on your already-complicated tax form, you may just have to face a fine.

At least, that’s what rumors are saying.

How Your Car Emissions Could Affect Car Insurance Rates

Posted in Auto Insurance

January 12th, 2010
1 Comment

On a personal level, doing the best thing for the environment is usually seen as an altruistic act, done without any expectations of a reward. We recycle, reduce and reuse when we can, but almost always because it gives us peace of mind, not because theres a financial incentive involved. Now, however, a conversation is taking place across the car insurance industry that could result in reduced auto insurance rates for people who make a real effort to drive less, and thereby produce less greenhouse gases.

Cities in Texas Hotspots for Auto Theft

Posted in Auto Insurance

January 12th, 2010
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As you know, auto theft – or the possibility of it happening – is known to be a reason that your auto insurance premium could increase, which means, according to this theory, some living in specific areas of Texas, could face higher rates. Specifically, in El Paso and Laredo, Texas there have been reports auto thefts are prominent, a problem that could ultimately result in higher premiums for the area.

What Has AIG Done Now? $500 Million Workers’ Comp Judgment

Posted in AIG , Life Insurance

January 12th, 2010
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Insurance giant AIG has managed to stay out of the media spotlight for some time, but it has re-entered with news that its California life insurance subsidiary is on the hook for half a billion in workers’ compensation liability.

According to a ruling last week by the California appeals court, AIG is liable for around $517 million in California workers’ compensation reinsurance coverage and interest.

How Exactly is Your Auto Insurance Premium Calculated?

Posted in Auto Insurance

January 11th, 2010
9 Comments

For many years, the insurance breakdown for auto coverage has been a mystery. Most policyholders have no idea how their costs are calculated and what exactly they are paying for. Some think that the real breakdown is kept a mystery by companies so that they can charge what they want without being questioned.

Colorado AARP Course May Offer Auto Insurance Discounts

Posted in Auto Insurance

January 11th, 2010
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If you live in Delta County, Colorado you may be able to take advantage of a AARP course that could offer you discounts on your auto insurance policy. The course is offered in January and could benefit many drivers ages 55 or older.

About the AARP Course

The course is called “55 Alive” and is an AARP driver’s safety course designed to update driving skills for those nearing retirement age. The hope is that those taking the course will be able to maintain their driving mobility now and for years to come.

Insurers Get Sued Over Chinese Drywall Issue

Posted in Home Insurance

January 11th, 2010
No Comments

A number of homeowners are suing insurance companies over inadequate Chinese drywall claims.

The drywall issues, which were found nation-wide, resulted in corroded plumbing and sick home dwellers. While thousands of homeowners are known to have been affected by the defective drywall, so far over 700 homeowners have filed a federal lawsuit, seeking indemnification for their losses.

Why You Need Renter’s Insurance

Posted in

January 8th, 2010
1 Comment

If you’re renting an apartment or house, it’s a good idea to acquire rental insurance to ensure that your property is protected in the event that you suffer a fire, theft or vandalism. However, because it is typically not a mandatory purchase for renters, some decide to forgo the insurance and instead take their chances in hopes that nothing will ever go wrong.

New Physician Payment System Proposed by Congress

Posted in Health Care , Health Insurance

January 8th, 2010
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As the health care overhaul bills still make their way through Congress, some wonder – when everything passes – will medical costs lower. Apparently, there is no adjustment, per se, to the traditional “fee for service” payments for doctors; however, Congress (both House and Senate) has proposed new financial incentives for doctors that could cut medical costs and improve patient care.