State Farm has requested to cut homeowners rates by 11% or so in California. WOO HOO! This announcement came from the Dept. of Insurance. This comes as USAA has also asked for a rate decrease. I won’t get technical here,…
Posts Categorized In: Insurance Operations
Farmers Ordered To Pay Refund
A San Diego judge has ordered Farmers Insurance to pay $115 million to customers who paid in installments. Farmers has vowed to appeal. This is interesting. Rates, as you know from my last post, are set by the Dept. of…
Want to know about an insurance company
Here is a helpful link I have found on the California Dept. of Insurance website. The link provides you with information on an insurance company. From the website itself: Use a partial or full company name to search for an…
The revolving door of adjusters
Has anyone else ever noticed that when you file a claim you end up dealing with one, two, three or more adjusters? Anyone ever wonder why? Their is a hierarchy of adjusters. It goes something like this: Step 1: When…
Nature and extent of injuries
I received a few letters yesterday from insurance companies about clients’ cases. Two of the letters had identical wording: “It is difficult for me to understand the nature and extent of the injuries given the amount of damage.” First, it…
Progressive and their quotes
I saw another Progressive Insurance ad on the television yesterday so I decided to try a little test. After all, you come here and read this for my opinion on insurance and insurance matters. I figured I would save you…
Insurance Companies, Tort Reform and Money
I often hear people talk about how expensive insurance is. They tell me that insurance costs a lot of money. They blame it on “frivolous lawsuits.” They complain about how these cases cost the insurance company so much money that…
Bid Rigging Charges Settled
St. Paul-Travelers has agreed to pay $77 million to settle charges of bid-rigging. Basically, the insurance company would pay brokers to “fix bids” and make sure that the insurer was the low bidder on certain accounts. Very nice. (Yes, that…
Buying Insurance Online
So I talked to someone recently who bought insurance online. She said it was fast and cheap. That was important to her. And she got what she wanted. But, and you knew there had to be a but, she didn’t…
Agreed Value: But is it?
I was on a car bulletin board today reading about car repairs. One of the threads was on insurance. There were a few people who had “agreed value” policies, or so they thought. But, do you really have an agreed…