News
High Risk Insurance Pool Premiums to Vary Widely
Because premiums for the new high risk insurance pools are tied to private insurance rates in the given state, costs will vary widely from as little as $124 to a month to as much as $900.
Read moreMilitary Families Expand Lawsuit Against Prudential
Prudential Insurance Company of America has been accused of fraud in handling the death benefits of American military personnel by a group of plaintiffs who filed an amended lawsuit against the company on August 30, 2010.
Read moreFlorida Insurance Regulators Look at Sinkhole Claims
An upsurge in sinkhole-related homeowners insurance claims has caused premiums to spike by as much as 30% leading the Florida Office of Insurance Regulation to conduct interviews with insurers about the nature of the claims.
Read moreVacant Homes Present Increased Insurance Risk
Vacant properties carry greater risk and liability than occupied homes according to the National Association of Insurance Commissioners, and are not adequately protected by standard homeowners policies.
Read moreIllinois Regulators to Ask for Control of Rate Hikes
Illinois regulators plan to ask state lawmakers for the authority to approve or deny premium increases on health insurance policies in the face of rising consumer complaints.
Read moreCuomo Issues Subpoenas Over Veteran’s Life Insurance
The life insurer tactic of avoiding lump sum payments in favor of retained-asset accounts is being called into question by the Department of Veterans Affairs and New York Attorney General Andrew Cuomo as profiting from the deaths of military personnel.
Read moreLittle Known Earthquake Danger in Tennessee
The New Madrid seismic zone, encompassing a region from Arkansas to western Tennessee and Kentucky, including the city of Memphis, is in a prime location to experience a 7.5 to 8 point earthquake within the next 50 years.
Read moreInitial Health Care Reform to Raise Premiums 5%
Health insurance premiums are expected to jump 5% after initial aspects of the Patient Protection and Affordable Care Act go into effect on September 23, 2010.
Read moreProperty Damage Claims Escalate in Texas after Hermine
Property damage claims in Texas after the torrential rains caused by Tropical Storm Hermine on September 7-8 may well tally more than $100 million.
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