Ken Shigley over at the Atlanta Injury Law Blog posts about another study debunking the myth about caps and tort reform. As Ken put it, there is “little or no relationship between the level of medical malpractice payments and the…
Posts Categorized In: Insurance Operations
Who Ya Gonna Call? NAIC!
I came across this website recently. It is the National Association of Insurance Commissioners. It has some great information for consumers about insurance, insurance commissioners and how to get information. I even sent a test email and they responded promptly….
Insurance Fraud Update – An Agent Gets Busted!
Today’s story is about an insurance agent who committed insurance fraud. Apparently, a Farmers Insurance agent was taking premium and not sending it to the company. Those insureds then had no policy. OOPS! This is pretty blatant, but it is…
AIG to settle charges of price fixing
Here is a story that will not get a lot of press from other bloggers, especially the conservative, insurance company oriented bloggers. AIG has agreed to settle charges of price fixing. This may come down as the biggest settlement in…
Your auto insurance and the “preferred shop”
The insurance company, after an accident, is going to suggest you go to their “preferred shop.” Why do they do this? First, the insurance companies use shops that are more agreeable to after-market parts, etc… This decreases the costs of…
Prop 103 – For and against
Here is an interesting post by Martin Grace, Risk Prof. Professor Grace is from Georgia and he apparently does not like our Prop 103. Of course, he also seems to like insurance companies, so that would make two things that…
Your auto insurance and the
Workers Compensation Savings: Does it add up?
The LA Times is reporting about a report being sent to the Governor and legislature showing state businesses have saved $8.1 MILLION since the Governor’s work comp reforms have been enacted. That is great for California businesses. However, the problem…
An Umbrella Policy: Do you need it?
A personal umbrella policy will cover you if you injure someone or damage someone’s property. It is relatively inexpensive ($300 or so for $1,000,000 in coverage). The catch to getting one is that your home and auto insurance usually have…
The BEST Insurance Company
Someone asked me who the best insurance company is. My answer is quite simple: I don’t know. Yes, I admit it. I don’t know. Why? Because the best insurance company depends on a variety of factors. Here are things you…