June 9, 2010

NU Online News Service, May 26, 3:38 p.m. EDT

A Florida bill that would allow some insurers to charge rates above
those approved by the Office of Insurance Regulation provided they meet
certain capital requirements has drawn the ire of consumer groups.

In order to charge rates above those approved under H. B. 1171—also
called the “consumer choice” bill—a carrier...

June 9, 2010

NU Online News Service, May 28, 11:36 a.m. EDT

Florida Gov. Charlie Crist yesterday indicated he may veto the “Consumer
Choice” bill that would eliminate rate restrictions on some home
insurance.

The governor said an unregulated insurance industry would be unfair to
consumers.

His comments came as controversy mounted over the measure and the bill’s...

June 9, 2010

Four consumer advocacy groups implored Gov. Charlie Crist today to veto a
bill that would allow large insurers to charge essentially unregulated
rates.

"This bill is an invitation for insurers to game the Florida regulatory
system and abuse consumers," said officials from the Consumer Federation
of America, Consumer Watchdog, Center for Economic Justice and...

June 9, 2010

The way insurance companies barrage you with television ads promising
to save you money, you might think they were paying you instead of the
other way around. In the case of the GEICO googly eyes or actor Dennis
Haysbert hawking Allstate policies, at least it’s private companies
pitching their wares. But then there are the auto insurance ads touting
the $388...

June 9, 2010

In July, when fire tore through the Northwest mansion belonging to local
activist and arts patron Peggy Cooper Cafritz, it set off what is
likely to be a long journey toward rebuilding. Facing total loss,
Cafritz hired a public insurance adjuster to estimate the dollar amount
and help prepare her homeowners insurance claim.

"It would be a truly daunting...

June 9, 2010

MSB, the leading provider of building cost data to the property
insurance industry just released its findings for current estimates of
homeowner insurance coverage across the United States MSB’s research
reveals an estimated 64 percent of U.S. homes are undervalued for the
purpose of insurance by an average of 19 percent—about the same as last
year. If that’s the...

June 9, 2010

With stories ranging from “My insurance company is just being too
good to be true” to “I’ve been with my insurance company for 21 years,
never made a claim, just lost my house, and now they’ve cancelled me,”
about 50 Jesusita and Tea fire survivors filled the Westside Community
Center to hear California Department of Insurance (CDI) officials walk
them through the...

June 9, 2010

Allstate Corp., which has been dropping wind coverage from home
insurance policies in Mobile and Baldwin counties, began in April to
sell homeowner policies through a new unit called North Light Specialty
Insurance Co.

June 9, 2010

Besides giving Allstate Corp. more control over prices, North Light
Specialty Insurance Co. could help the parent company retain its agents
and other insurance business.

Unlike an independent insurance agent, who can sell policies from a
number of different companies, Allstate employs what are called captive
agents, who generally sell only the company's own...

June 9, 2010

Will your disability insurance cover you if you become ill and unable to
work? Many advocates say probably not.

People like Melinda Carstens say they found out how difficult it can be
to try to fight an insurance company over their disability payments.

Carstens said fighting her disability is tough enough. But going up
against her insurance company is...