Archive for December 2008

Economic Uncertainty and its Consequences for Insurance

Dec 29th, 2008 | Category: Insurance Today

It’s great when you are confident in safety of your money in general, and in your insurance company’s reliability in particular. Unfortunately, the credit crisis affected virtually every sphere of life, and in times of the financial turmoil, like it is going now, many began worrying about its consequences for insurance and wonder to what […]

Commercial Vehicles Have Higher Insurance Limits

Dec 27th, 2008 | Category: Insurance Today

(InjuryBoard) – North Carolina law requires every motor vehicle to be insured by a liability insurance policy. Private passenger automobiles are required to have liability insurance limits of no less than $30,000.00 per person and $60,000.00 per accident.  Such a policy would only provide a maximum coverage of $30,000.00 per person and a maximum of […]

Zurich and Farmers Insurance Spread Holiday Cheer across the Country

Dec 25th, 2008 | Category: Insurance Today

Employees donate time and money to help people in need (BUSINESS WIRE) – Zurich in North America, a leading property and casualty insurance provider and its U.S. subsidiary Farmers Insurance Group are making this holiday season brighter for people who need a helping hand. Employees from both companies are volunteering their time across the country […]

AIG sells itself, bit by bit, to pay off debt

Dec 23rd, 2008 | Category: Insurance Today

The insurance giant is selling its HSB subsidiary for $742 million to Munich Re in its third unit sale this month. NEW YORK ( – As part of its plan to pay back a massive government bailout, American International Group Inc. is selling assets, with its most recent sale on Monday. New York-based AIG (AIG, […]

Drivers Struggle with Rising Car Insurance Rates

Dec 18th, 2008 | Category: Insurance Today

(PRWEB) – Auto insurance rates continue to rise, adding pressure to cash-strapped consumers. Some drivers are letting their car insurance policies lapse, by either not renewing on time or failing to pay their bills, according to In light of this worrisome trend, the company is urging drivers to explore payment options with their carriers—rather […]

Affordable Health Insurance Plans Employees’ Most Popular

Dec 16th, 2008 | Category: Insurance Today

(EmaxHealth) – As employees speak out in regard to health insurance programs NC survey shows that less costly and more affordable health insurance programs are the most popular with employees. Workers are slow to adopt most popular programs; financial incentives motivate behavior changes. In today’s stressful economic environment, starting a workplace wellness program may be […]

FDIC boosts deposit insurance

Dec 16th, 2008 | Category: Insurance Today

(Sacramento Business Journal) – Federal Deposit Insurance Corp.’s board of directors on Tuesday approved an increase in deposit insurance by 7 cents for every $100 in deposits. The increase will be charged annually. The increase of 7 basis points will take effect Jan. 1. Banks now pay between 5 and 43 basis points for FDIC […] Unveils the Most and Least Expensive Popular Cars to Insure in 2009

Dec 16th, 2008 | Category: Insurance Today

(PRNewswire-FirstCall) – Car insurance premiums can add substantially to the annual cost of operating your auto. has calculated the average national premiums to insure the nation’s 20 best-selling vehicles. Average insurance premiums for the top 20 selling vehicles in the U.S.                Vehicle                  Average annual premium                2009 Honda Odyssey              $1,216                2009 Honda […]

Title Insurance Giant Files for Bankruptcy

Dec 12th, 2008 | Category: Insurance Today

(San Diego Business Journal Staff) – LandAmerica Financial Group, the nation’s third largest title insurer, filed for bankruptcy late last month, but said it hopes to sell its two principal units, Lawyers Title and Commonwealth Land Title Insurance, to Fidelity National Title Insurance by Dec. 31.LandAmerica and Fidelity National signed a stock purchase agreement Nov. […]

Kansas Insurance Regulator Honored with Dineen National Award

Dec 10th, 2008 | Category: Insurance Today

(Kansas Department of Insurance) – The National Association of Insurance Commissioners (NAIC) honored a Kansas Insurance Department official with a national award at the NAIC’s winter meeting this month. Larry Bruning, chief actuary at department, was one of two insurance department officials who were awarded the Robert Dineen Award in recognition of outstanding achievement in […]