Archive for June 2009

Esurance Chooses HSG to Manage Auto Glass Insurance Claims

Jun 30th, 2009 | Category: Insurance Today

Esurance, the direct-to-consumer personal auto insurance company, announced today that they have chosen HSG, the leading Property & Casualty insurance claims management company, based in Eau Claire, Wisconsin, as the sole provider to process all of their auto glass claim invoicing. HSG is one of the largest and most dynamic Third Party Administrators (TPAs) in […]

Insurers Post Record Loss in First Quarter, ISO Says

Jun 29th, 2009 | Category: Insurance Today

(Bloomberg) – U.S. property and casualty insurers, a group including American International Group Inc. and Allstate Corp., posted a record loss in the first three months of the year as investments slipped and claims exceeded premiums, an industry group said.

Ahead of the Bell: Progressive downgraded

Jun 22nd, 2009 | Category: Insurance Today

Analyst downgrades Progressive amid expectations for rising losses, stock’s current valuation Fearing a seasonal increase in losses and its current valuation, an analyst cut his rating Monday on property and casualty insurer Progressive Corp. Friedman, Billings, Ramsey & Co. analyst Bijan Moazami cut his rating on Progressive to “Market Perform” from “Outperform” and lowered his […]

How to Make the Right Choices When Buying Auto Insurance

Jun 17th, 2009 | Category: Insurance Today

Buying car insurance is not an easy task to which all must face, of course unless you have been trained in this area. There are many mistakes that can lead to the loss of your money and time, and as a result you get car insurance that will not fit you or does not make […]

Farmers Insurance Announces Building Expansion in Caledonia, Preparing for Continued Growth in Michigan

Jun 16th, 2009 | Category: Insurance Today

(BUSINESS WIRE) – Below is a press release and VNR of Farmers Insurance Group, Inc. CEO Robert Woudstra announcing an expansion of two new buildings that will begin this fall. If you have questions, need further information, or would like an interview with Mr. Woudstra in Grand Rapids, he will be available all day today, […]

Tennessee Auto Insurance 102 (Uninsured/Underinsured Motorist Coverage)

Jun 16th, 2009 | Category: Insurance Today

Unlike liability insurance, which pays for damages by accidents where you are at fault, UM/UIM coverage protects you (“the insured”) by paying (up to the UM/UIM coverage policy limit) for damages such as medical bills, lost wages, pain and suffering, property damage, and other losses when you are injuried by a person who cannot afford […]

Coverage for cats is a growing policy with many auto insurers

Jun 16th, 2009 | Category: Insurance Today

Earlier this month, CBS 47 TV out of Fresno, Calif., reported on a close call for a County resident when her car was rear ended and forced into a canal full of water west of the city. The CBS 47 coverage of the incident indicated that the woman managed to get out of her car […]

The Hartford Refunds $150,000 over Delaware AARP Auto Program

Jun 10th, 2009 | Category: Insurance Today

Delaware Insurance Commissioner Karen Weldin Stewart said The Hartford has agreed to refund over $150,000 to nearly 1,300 auto insurance customers due to the mishandling of the company’s rate filing for its AARP auto insurance program in the state.

Long-Term Care Insurance Getting Attention

Jun 10th, 2009 | Category: Insurance Today

Long-term care insurance (LTCI) is an expensive and complicated product. It’s sold by a shrinking number of financially challenged insurers and subject to differing state rules that aren’t always effectively enforced. Consumers have faced large rate increases, and complaints about industry sales practices and claims denials are on the rise. No wonder that private LTCI […]

GMAC Plans to Sell $4.25 Billion of FDIC-Backed Notes (II)

Jun 3rd, 2009 | Category: Insurance Today

(Bloomberg) – GMAC LLC plans to sell $4.25 billion of three-year notes guaranteed by the Federal Deposit Insurance Corp. in the first government-backed bond offering by a speculative-grade company. The auto and home lender that received $13.5 billion in U.S. funds is selling $3.5 billion of fixed-rate notes that may pay interest at the benchmark […]