Live Insurance News

Insurance group crash test failed by all subcompact cars but one

January 27, 2014January 25, 2014 Julie Campbell

The Chevy Spark was the only vehicle of this size to receive a pass from its performance. A new safety standard that was added to the crash tests of the Insurance Institute for Highway Safety (IIHS) has shown itself to be a tough one to pass for economy cars in the latest round of testing, as ten out of the eleven participating models failed to pass. The new front end collisions standard test was passed only by the Chevrolet Spark. The insurance industry group’s test earned the Spark a grade…

The Secrets of Cheaper Auto Insurance

January 21, 2014April 18, 2014 Guest Author

Auto insurance is something that people have been trying to figure out how to lower since it was invented. Obviously, it is a bill that has to be paid, yet we always seem to be surprised at the listed rate. People get made at cable companies for their hidden fees, but at least they are honest on the bill about how they reached the total. While, on the other hand, the fees that come along with car insurance bills simply remain hidden, yet you are expected to pay the amount…

Insurance company shut down in Maryland

January 20, 2014January 18, 2014 Julie Campbell

This recent news shows that yet another insurer related to Hal Katz has had its license revoked. The Maryland Insurance Administration (MIA) has revealed that it has shut down yet another insurer that is related to Hal Katz, the well known Baltimore policy pitchman, in a trend that has continued since December. The last two insurers were owned by Katz’s son and had their licenses revoked, closing them down. Those companies were both run by Geary Katz and were called Laurel Insurance Corporation and Senate Insurance. According to recent news…

Ensuring your insurance claim gets paid

January 18, 2014January 17, 2014 S.Vagus

Insurance claims can be tricky Insurance claims are generally straightforward, but they can become quite tricky to manage, especially when natural disasters strike. When a person falls ill and must receive medical care or when a property is damaged by a powerful storm, an insurance claim is generated. These claims are not approved by insurance companies outright and insurers typically investigate the claims they receive to ensure that they are not fraudulent. At times, even honest claims are rejected by companies because the claimant did not provide enough information or…

Insurance for shooters offered by NRA

January 15, 2014January 13, 2014 Julie Campbell

The National Rifle Association is making coverage available to its members to protect them against legal costs. The NRA has decided to offer a new kind of insurance to its members to help to protect them against the potential legal costs that they could face if they should ever have to use their firearms in self defense. This protection is meant to help the organization’s members to avoid paying thousands of dollars in legal fees. This form of concealed carry liability insurance is meant to help to provide coverage for…

Insurance and credit score make a troublesome mix

November 9, 2013November 9, 2013 S.Vagus

Credit score and its use by the insurance industry is not well understood by consumers Insurance and credit score are too things that often intermingle without much notice. Many insurance companies use credit score and other socio-economic information to price policies. This is somewhat common in some U.S. states, but it is also banned in much of the country due to the fickle nature of credit and the relatively loose understanding that consumers have regarding their own credit scores. Suze Orman, a prominent financial advisor, has been calling into question…

Health Care Reform: The Real Issue

November 9, 2013April 19, 2014 Guest Author

Everywhere someone is talking about Health Care Reform… politicians, consumer groups, and the media. Big insurance carriers have become a target and are disparaged repeatedly for continuing to raise premiums. While everyone focuses on health insurance reform, no one looks at what causes these sky high increases: the rising cost of health care. According to the Centers for Medicare and Medicaid Services, by 2019 health care spending will near $4.4 trillion. The California Health Care Foundation reported that health care spending is rising three times faster than inflation. Additionally, Medicare spending is…