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Featured Insurance Articles

I've got Life Insurance - why would I need Critical Illness Cover?
If you have life insurance then you know that a lump sum of money will be paid to the beneficiaries of your policy should you suddenly pass away. You will probably have this policy for peace of mind to reduce the financial burden you death might put on ...

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Unneeded or underperforming life insurance policy holdings? Ever thought or heard of a financial services valuation tool and strategy called life insurance settlements? Well, if not, the capital markets certainly have heard and taken notice. Life ...

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Comparing Discount Car Insurance Companies - Things To Know Before Getting A Quote
 
You are looking for an insurance policy for your car. Several companies give you proposals; all of them are based on the same information which you provided. The policies have widely varying costs and proposals. How can you wisely choose the best policy and company?

Read carefully

Lay the policies down side by side. Some insurers are able to offer low rates by giving skeleton coverage. You gave the companies identical information but they may not have returned identical policies. Check the deductibles on the policies. Deductibles weigh heavily on the cost of insurance. See if all of the policies offer uninsured driver clauses. Look closely at coverage areas. Some companies restrict their policies if you drive extensively out of state.

Type of company

Just as with home loan companies there are auto insurance companies that specialize in writing insurance for people with poor credit and/or poor driving records. If you have requested a quote from this kind of company their response may automatically be considerably higher than other companies. If you don't have poor credit and/or a poor driving record immediately eliminate from your search companies that serve these markets.

Investigate company records

States keep records of how insurance companies respond to their customers. Files on insurers will include their response times, their histories of paying claims, any complaints or suits filed against them as well as other important consumer information. Note and eliminate any companies which have numerous complaints against them.

Remember, having a low car insurance premium may not be worth much if you don't have the coverage you need or can't get your car insurance company to respond when you have an accident.

Please get as many quotes as possible to insure that you will be paying as little as possible while getting all of the coverage that you need without paying for what you don't.

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Insurance News



Home-value insurance: We're not convinced it's a good idea
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Several weeks ago, we were asked whether it made sense to buy insurance on a property's value that would pay off if the value declined. We suggested that buying property value insurance when property prices are the lowest they have been relative to ...

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Former Insurance Executives in Settlement Talks
Wall Street Journal
By CHAD BRAY And ASHBY JONES Federal prosecutors and lawyers for five former insurance executives accused of engineering a bogus reinsurance transaction to mask a drop in reserves at American International Group Inc. are in settlement talks, ...


AM Best Affirms Ratings of MVP Health Care, Inc.'s Insurance Subsidiaries and ...
MarketWatch (press release)
AM Best also has affirmed the FSR of B (Fair) and ICR to "bb" of MVP Health Insurance Company. Concurrently, AM Best has upgraded the ICR to "bb" from "bb-" and the FSR to B (Fair) from B- (Fair) of MVP Health Insurance Company of New Hampshire, ...
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NOLA.com

Senate acts to extend flood insurance program
Boston.com
WASHINGTON—The Senate on Thursday voted to extend the life of the National Flood Insurance Program for 60 days, giving lawmakers time to work on a long-term extension that would seek to restore fiscal solvency to the debt-ridden plan.
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Senate votes to extend federal flood insurance for 60 days, good news for ...Press of Atlantic City
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National Post

Canada tightens employment insurance rules
Reuters
Noting that some employers were hiring foreign workers even while Canadians were making claims for employment insurance in the same occupation and province, she added: "We want to redress the balance right now so that Canadians get first crack at the ...
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