Archive for March 2009

Wilson opposed Obama’s veterans’ insurance plan

Mar 30th, 2009 | Category: Insurance Today

U.S. Rep. Charlie Wilson was among legislators who opposed President Obama’s now-abandoned plan to require military veterans’ private insurance companies to pay for treatment of combat-related injuries. On March 18, Obama dropped the idea contained in his proposed budget after it was met with universal opposition from veteran service organizations and members of Congress, who […]

US Sen Baucus: Insurers Have To Negotiate On Public Plan

Mar 27th, 2009 | Category: Insurance Today

(Dow Jones) – Sen. Max Baucus said Friday the health insurance industry may have to compromise on a public insurance option to cover uninsured people or risk losing a spot at the bargaining table.

GEICO Standing by for Texas Policyholders Affected by Recent Hail Storms

Mar 27th, 2009 | Category: Insurance Today

(Business Wire) – GEICO’s Catastrophe Team (CAT) and claims associates are ready to assist policyholders affected by the hail storms that hit the greater Austin area Wednesday. GEICO urges policyholders whose cars have been damaged to report their claims as early as possible. To reach GEICO’s claims team anytime, 24 hours a day, call 1-800-841-3000, […] Provides Tips; How to Save Money on Car Insurance

Mar 26th, 2009 | Category: Insurance Today

For most people car insurance is the largest insurance expense after health insurance, as rates are high and one pays a chunk of money every year. Yet, you needn’t spend so much on it! You can really save money on car insurance, and there are ways to do it. First of all, shop around and […]

GPS systems can reduce car insurance costs

Mar 26th, 2009 | Category: Insurance Today

Your OnStar service can help you out of jams – locked keys in the car, roadside breakdowns, etc. – and it can help cut your auto insurance bill. GMAC offers its customers in 34 states with OnStar subscriptions a break on their bill of 26 percent and more when the service shows they drive less […]

Unitrin To Exit Auto Finance Business, Suspend Auto Lending

Mar 24th, 2009 | Category: Insurance Today

Unitrin Inc. (UTR) said its Fireside Bank unit will suspend all new lending as part of the company’s plan to exit the automobile-finance business. The financial-services company said Fireside is solvent, and that its decision to exit the business was driven by a desire to use its investment in Fireside elsewhere. Unitrin had said it […]

AIG insurance policies in Washington are safe

Mar 24th, 2009 | Category: Insurance Today

Washington consumers who hold policies with American International Group, or AIG, will not be affected by the conglomerate’s financial troubles, according to the state insurance commissioner “Many consumers have contacted my office concerned about their AIG insurance policies,” Insurance Commissioner Mike Kreidler said in a Tuesday statement. “I’ve assured them that AIG’s insurance companies have […]

Geico to Sell Auto Insurance in Massachusetts

Mar 23rd, 2009 | Category: Insurance Today

Geico is entering the auto insurance market in Massachusetts. State Insurance Commissioner Nonnie Burnes confirmed in a statement Friday that the nation’s third-largest auto insurer has filed to begin selling premiums in May.

A.M. Best Affirms Ratings of CIGNA Life Insurance Company of Europe SA-N.V.

Mar 23rd, 2009 | Category: Insurance Today

(Business Wire) – A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+“ of CIGNA Life Insurance Company of Europe SA-N.V. (CLICE) (Belgium). The outlook for both ratings remains stable. The ratings reflect the company’s strong capitalisation, increasing brand recognition within Europe and good underwriting performance moderated […]

Michigan mulls over autism insurance coverage

Mar 23rd, 2009 | Category: Insurance Today

Could Michigan be the next state to mandate insurance coverage for autism? Several autism advocacy groups and handfuls of activist parents from across the nation think so, as a lawsuit against the state’s largest insurer to force it to pay for autism treatments moves forward in federal court in Detroit and as state lawmakers re-introduce […]