A report from the LA Times is fascinating to me. Flimsy bumpers on cars are causing an awful lot of damage in 3mph accidents. Apparently, design issues are part of the problem. The Insurance Insitute for Highway Safety, an auto…
Posts Categorized In: Auto Insurance
Insurance Premium Flat for 2008?
Reuters is reporting that insurance premiums for auto and homeowners insurance should either be flat or reduce for 2008. You can thank competition. “Strong competition is forcing insurers to lower their premiums or, at the very least, hold them stable,”…
Health Insurers latching on
Interesting story out of Minnesota. Tom Cary lost his wife to medical malpractice. His health insurance paid for her treatment. He filed a lawsuit against the negligent doctor. The health insurer, instead of pooling its resources with Tom to fight…
Allstate bullied people?
I know. This is surprising. A former manager at Allstate testified in a trial in Kentucky that Allstate bullied people into taking low ball settlement offers. A summary: A former casualty manager for Allstate Insurance Co. testified last Thursday that…
State Farm Can’t Use Database
A Colorado Court of Appeal has ruled that State Farm cannot exclusively use a computer database to determine reimbursement of medical bills. In the case, State Farm unilaterally reduced the medical bills because its database said the charges were higher…
The value of a good broker
Its that time of year for me – insurance renewal time. In the past, I would spend a few hours calling around to agents trying to see who had the best deal. Not this year! I am letting my broker…
Med Pay Insurance
Medical payments insurance, commonly called med pay, is under closer scrutiny these days. Why? Because insurers want you to reimburse them when you collect damages from the third party. Of course, you do not want to pay them back. The…
More on Progressive
Not only does Progressive disgust me, but insurance folks in general are annoying me. Why? Because no one has come out to state the obvious: this was a disaster and is unacceptable. After posting about this last month, I wrote…
10 Things Insurers Can Do To Keep Customers
I have recently had two clients pull their insurance from their insurer and place it with a different company. Both clients were very dissatisfied with the service they received for the payment of their cars and their medical bills. (Both…
Progressive Insurance Disgusts me
This is one of those stories that I wish I did not have to read. However, once I read it, I had to share it with you. Progressive Insurance’s CEO is sorry for spying on a couple IN CHURCH! What?…