insurance news
Wyoming Releases First Crash Report with Expanded Data
The state of Wyoming updated their data collection practices with regard to automobile crashes two years ago and have now compiled the first report using the more detailed information. The new system includes more specific information about factors like driver distractions, and what injuries were incurred. Wyoming Department of Transportation representative Stephanie Lucero said that […]
Read moreRateWatch: Michigan Judge Halts Blue Cross Rate Increase
A circuit court judge in Ingham County, Michigan has called a stop to Blue Cross Blue Shield’s planned rate increases there. The increases in question would have increased the cost of premiums by up to 66% for some senior citizens. The preliminary injunction, which was filed on Tuesday, requires that a public meeting be held. […]
Read moreBuckle Up in the Back Seat, Study Says
Wearing your seat belt may not help you find lower auto insurance rates, but it could keep you alive – even if you’re riding in the back seat. Rear seat passengers who die in automobile accidents are twice as likely as front seat passengers to be riding without their safety belts on, an Illinois study […]
Read moreCyber Crime on the Rise
If you think the concept of cyber-insurance is just a scam, consider this: last Tuesday (November 9th), the Internet Crime Complaint Center (IC3) logged its two millionth complaint of online criminal activity. The IC3 began operating in May, 2000, as a partnership between the FBI and the National White Collar Crime Center, and it took […]
Read moreConnecticut Has New Interim Insurance Commissioner
Days before the Connecticut state insurance department is due to hear a rate increase request from a major health insurance company, Governor M. Jodi Rell has appointed an acting insurance commissioner. According to the Insurance Journal, Governor Rell’s representatives confirmed the official appointment of Barbara C. Spear on Friday. Spear will take over the position […]
Read moreOklahoma Has New Insurance Commissioner
Among several gubernatorial and congressional races that were decided in Tuesday’s election, there were also a few Insurance Commissioner positions up for grabs. One such race was in Oklahoma, where insurance agent John Doak defeated incumbent Commissioner Kim Holland with approximately 54.5 percent of the vote. Doak, a Republican who campaigned against the federal health […]
Read more2010 Hurricane Season, Not Much Landfall, But Still Active
Reuters is reporting today that even though there have been a lot of hurricanes in the Atlantic this season, the lack of any major landfalls will make most people consider it a quiet year. Before the season began on June 1st, many hurricane forecasters had predicted a high likelihood that a major hurricane would make […]
Read moreOne-year Extension to Flood Insurance Program
It’s hard to believe it’s been over a month since we reported that the National Flood Insurance Program was on hold, but today’s report on the program is even better than yet another 30- or 60-day extension. Instead, we’re delighted to report that last night, in a unanimous vote, the United State Senate passed a […]
Read moreHurricane Igor Gaining Strength
Weather reports show that even though its strength is likely to fluctuate over the next few days as it crosses the Atlantic Ocean, it’s still maintaining strong category 4 winds. As of 11:00 EDT this morning, the hurricane was located in the mid-Atlantic, traveling west at around ten miles an hour, and sustaining winds of […]
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