More consumers complained about claim denials last year than any other type of insurance problem, the Ohio Department of Insurance said today. Nearly a third of the 6,506 complaints closed by the department in 2008 involved claim denials.

New York State Insurance Department Frauds Bureau investigations led to 755 arrests in 2008, the bureau said in its annual report for the year released Thursday. That represents a 6.5 percent increase over 2007 and the highest number of arrests stemming from Bureau investigations since 2004 when there were 815 arrests. “Arrests for crimes like […]

The Arizona House Banking and Insurance Committee is evaluating a bill that would make changes to the state’s mandatory vehicle insurance requirements. According to bill text, in November 1997, Arizona began allowing citizens to use the Internet or telephone to renew their vehicle registrations. Additional services have since been added to include ordering special license […]

Cutting corners on auto insurance, or even dropping it, may seem like a tempting path for a cash-strapped consumer. However, the risks of doing so may be far more costly than an insurance premium. Besides, there are better ways to save on insurance. There is evidence that there are more uninsured drivers because of the […]

(BankingMyWay) – You’ve got to have auto insurance in order to drive your vehicle legally in the United States. For many people, though, the cost of insurance is a tough pill to swallow. However, comparison shopping and smart planning can help you save hundreds of dollars a year on your auto insurance premium. Comparison Shop […]

The failure of the repeated bailouts of American International Group’s (AIG Quote – Cramer on AIG – Stock Picks) to quickly unwind itself and wean itself from taxpayer aid has fueled critics of the massive government intervention. Barry Ritholtz, director of research for Fusion IQ thinks that the state-regulated insurer that was profitable and had […]

(Los Angeles Times) – AIG is too interconnected to fail, some experts say. Its ties with other companies, markets and economies are so numerous that consequences of its collapse are unforeseeable. To understand why federal officials keep pumping astronomical sums of money into companies such as insurance giant American International Group Inc., it might help […]

AAA Texas has announced the availability of a new Guaranteed Rebuilding Cost (GRC) optional endorsement for qualifying homeowners from its affiliated carrier, the Auto Club Indemnity Company. The GRC optional endorsement is an innovative insurance product that provides Texans with 100% coverage for covered rebuilding costs.

The top three reasons consumers filed formal complaints against their insurance companies in 2008 were delays, denials of claims and unsatisfactory settlement offers. According to the National Association of Insurance Commissioners (NAIC), premium/insurance rating and policy cancellation issues completed the top five.

Nevada Insurance Commissioner Scott J. Kipper has approved a rate change for homeonwers insurance premiums as filed by State Farm Fire and Casualty Co. The rate change will become effective on April 1, 2009, for new business and on May 15, 2009, for renewals. Depending on the individual characteristics and coverage levels, this statewide average […]