Archive for March 2009

State insurance division stresses importance of knowing coverage

Mar 23rd, 2009 | Category: Insurance Today

The vast majority of Americans don’t know as much about their insurance coverage as they think, according to a recent survey. The state Department of Commerce and Insurance (TDCI) is urging Tennesseans to educate themselves. “Now more than ever, consumers need to be mindful of the impact their insurance decisions can have on their financial […]



HYUNDAI ASSURANCE

Mar 21st, 2009 | Category: Insurance Today

Earlier this year, the American subsidiary of the South Korean carmaker Hyundai began promoting a program it called Hyundai Assurance: buy one of our vehicles, the ads explained, and “if in the next year you lose your income, we’ll let you return it.” One of these decidedly unfestive spots ran during the Super Bowl. And […]



Auto insurance rate keeps rising in N.M.

Mar 20th, 2009 | Category: Insurance Today

(Alamogordo Daily News) – My basic liability auto insurance had only risen about 3 percent per year for the last five years. Suddenly, in late 2008, it shot up 48 percent. I have not had a ticket in more than 20 years and have never made a claim on this company. When I had my […]



GEICO Gecko Tour Arrives at the World’s Largest Aquarium

Mar 20th, 2009 | Category: Insurance Today

(Business Wire) – The first 100 children who arrive at the Georgia Aquarium Saturday, March 21 will be treated to complimentary aquarium passes to celebrate the arrival of GEICO’s traveling gecko exhibit to the famed aquarium, and the Gecko exhibit’s one year-anniversary . The Georgia Aquarium, the world’s largest aquarium, marks the second stop on […]



Toward Health Insurance Reform

Mar 20th, 2009 | Category: Insurance Today

In 1990 the U.S. League of Women Voters undertook a two-year study of funding and delivery of health care. A key conclusion reads, “The position calls for a national health insurance plan financed through general taxes, commonly known as the ‘single-payer’ approach.” With all the health plans recently put forward, it’s a wonder anyone can […]



8 Easy-to-Get Insurance Discounts

Mar 20th, 2009 | Category: Insurance Today

Insurance is one of those necessary expenses, so you can’t cut it out of your budget entirely. Fortunately, all major insurance companies offer a multitude of discounts you may already be eligible for. 1. Drive Safe Almost every major auto insurance company offers safe driver discounts. AllState (Stock Quote: ALL) offers three levels of discounts […]



Treat Health Insurance Like Auto Insurance and Hold People Accountable

Mar 19th, 2009 | Category: Insurance Today

(Newswise) – The keys to fixing the U.S. health care system are to hold people accountable for their actions; treat health insurance like auto insurance and tax individual’s health care benefits said Larry Van Horn, a leading expert and researcher on health care management and economics. “People need to consume less health care, period,” said […]



AIG to shell out US$450mn in bonuses

Mar 16th, 2009 | Category: Insurance Today

The payments to 400 employees of the financial-services unit – some of whom no longer work at the insurer – were promised last year before the government bailout American International Group (AIG), the troubled US insurance giant which is received several lifelines from the Obama administration, is all set to shower US$450mn in bonuses to […]



Massachusetts’ Attorney General Urges Insurance Chief to Keep Appeals

Mar 16th, 2009 | Category: Insurance Today

Attorney General Martha Coakley wants the state’s insurance division to maintain the appeals process for drivers who believe they were wrongly assessed surcharges for accidents. The Board of Appeals is slated to stop hearing new cases April 1 as Insurance Commissioner Nonnie Burnes continues to phase in deregulation of auto insurance.



Insurance gadget checks your driving

Mar 15th, 2009 | Category: Insurance Today

Progressive Insurance wants Missouri customers to install a device in their cars to tell whether their driving is mild or wild. The gadget sends the data off to the insurance company through cell phone towers. The carrot: Volunteers get a 10 percent cut in insurance rates, offset by a $60 annual technology charge. The company […]