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Understanding Insurance Company Ratings
Does your insurance company have the financial strength to pay you if you file a claim? Insurance-Website explains how the nation’s top ratings service determines if your insurer has the financial muscle necessary to back up your claim.
(Read)When the Law Says You Have to: Mandated Insurance
Most people are aware of requirements for insuring their cars and homes, but at least one state has enacted a law mandating health insurance coverage. More state and federal officials are considering similar measures, and Insurance-Website examines legally mandated insurance to help stop you from running afoul of the law.
(Read)Minimizing Mother Nature's Wrath
The National Oceanic and Atmospheric Administration cautions 2008 could be a very stormy year. Insurance-Website helps you determine if your home insurance covers you against natural disasters.
(Read)When Travel Might Compromise Life Insurance Coverage
Unknown to many policyholders, life insurance coverage can be limited or denied if traveling to areas associated with increased health or life risks. But a national association of insurance regulators recently acted to limit the ability of insurance companies to deny coverage for travelers.
(Read)Mechanical Breakdown Insurance
Manufacturer warranties aren't the only way to ensure you aren't stuck with the tab if a vehicle needs a costly repair. Several insurance companies and financial services providers offer extended protection against untimely breakdowns.
(Read)Explaining No-Fault Auto Insurance
Many states are attempting to lessen court costs and speed-up claims processing for auto accidents through no-fault insurance laws. Insurance Website examines no-fault insurance and its impact on auto insurance premiums as well as state court costs.
(Read)How Do Companies Spend Your Auto Insurance Premium?
Auto insurance premiums can be costly, but what do insurance companies do with those monthly payments? Insurance-Website explains how your auto insurance dollars are spent.
(Read)Ensuring the Family Dog Doesn't Take a Bite Out of Your Insurance Coverage
Man's best friend isn't necessarily an insurance company's best friend, and many insurance providers limit or refuse coverage for homeowners and renters whose dogs are considered especially prone to violence.
(Read)Home Disaster Preparedness
A recent national survey indicated many homeowners and renters aren't prepared or adequately protected if they suffer a sudden loss. Insurance-Website examines survey results and offers tips on preparing for potential calamity.
(Read)Health Care Costs and Coverage in America
Americans pay more than four times as much on health care as they do on national defense. While that statistic is encouraging to many, the continually rising cost of health care is jeopardizing the system most rely on for health insurance: employer-provided health care benefits.
(Read)Underinsured in America
While many Americans are aware of the rising number of people without health insurance in the United States, most are unaware of the alarming rate at which people with health care coverage fail to receive the proper level of care and joining the growing ranks of our nation's "underinsured."
(Read) Pre-Existing Conditions Obtaining health insurance coverage isn't necessarily a guarantee your medical treatments will be paid. If you have a pre-existing condition, you might find yourself in the unenviable position of paying for health insurance that doesn't cover a medical condition. Homes and Catastrophic Losses Even during relatively calm years, catastrophic losses amount to billions of dollars in damages to homes and businesses. Insurance-Website looks into recent trends in catastrophic losses Income Protection Through Disability Insurance Elderly Americans recognize the value of having disability insurance to protect their incomes. Insurance-Website examines a recent survey of baby boomers' and adult Americans' attitudes toward disability insurance versus the reality of what might happen if disabled and unable to work for a period of time. Classic, Antique Cars Require Special Coverage Not all auto insurance policies are created equal. If you have a classic or antique vehicle, you should purchase insurance designed for rare, low-use vehicles. Wind Damage and Homeowners Insurance Because of the cost of damage from wind-related weather, including hurricanes, many insurance companies have imposed a "percentage" deductible on homeowner insurance plans. Crime Makes Renters Insurance as Important as Homeowners Insurance A federal study indicates renters are far more likely to suffer loss from theft than homeowners, yet renters are far less likely to carry insurance protection. Pseudo Public California Earthquake Authority is World's Largest Earthquake Insurance provider Privately financed, publicly run organization insures Californian homes against earthquake destruction. Burial Insurance Pays Final Internment Costs Often sold through work or group plans, burial insurance gives families one less problem to deal with during life's most trying times. Protecting homes against catastrophe With more and more homes being built in hurricane-prone areas, the tab for weather-related insurance losses will increase accordingly. Cellular phone use common factor in car crashes Studies indicate cell phone use is a significant factor in vehicular accidents. Shopping for Health Insurance Used to be if you had a job, you and your family had health insurance. Not anymore. Income Protection Through Disability Insurance Elderly Americans recognize the value of having disability insurance to protect their incomes. Insurance-Website examines a recent survey of baby boomers' and adult Americans' attitudes toward disability insurance versus the reality of what might happen if disabled and unable to work for a period of time. Many Americans at risk from flood damage. A recent survey indicates more Americans are at risk from flood damage than they realize and don't know the extent to which they are vulnerable. Food Spoilage Often Goes Unreported After Power Outages Power outages are common during severe storms and other events, yet many people suffer losses from food spoilage when the power goes out. Your Home or renters insurance might help. Identity theft: Protecting your good name Identity theft is an intrusive crime that leaves the victim nearly helpless after the fact. Insurance-Website looks at some ways to prevent identity theft and use insurance protection to help maintain your good name. Auto Insurance Savvy The National Association of Insurance Commissioners recently explained how insurance rates are determined and the best way to get a good deal on your automobile insurance. Life insurance schemes can turn deadly A recent double murder case in California highlights the potential danger of life insurance schemes. Tips on buying life insurance Done properly, life insurance can be a great tool for securing a family's finances. Done improperly, it can be one of the worst investments. Protecting the family home from fire Even during a wildfire, proximity to other homes often is a greater threat of fire than proximity to the wilderness. Self-Employed and in Need of Health Insurance Most Americans with health insurance coverage get it through work. But when you are your own boss, finding a good plan can be very difficult. Motorcycles and insurance rates Two-wheeled transportation is becoming more and more popular as gas prices remain well above reasonable levels. Insurance-Website looks at the motorcycling surge. Viatical settlements and life insurance In need of quick cash, some people diagnosed with terminal illnesses sell their life insurance policies to others through viatical settlements. Auto Insurance: Claim Amounts Rise as Number of Claims Fall A report by the Insurance Research Council shows the number of annual auto insurance claims is falling, but the average per-claim cost is rising. If the annual trend of decreasing claim amounts changes, consumers could pay more. Insurance Protects Olympic Athletes Against Income Loss As hundreds of U.S. Olympic athletes return from the Beijing Games, most will resume their professional careers. But if injured, they and their employers might have special insurance protection in place. Homeowners Insurance Costs Most in Gulf States Homeowners living along the hurricane-prone Gulf coast pay as much as $1,000 more for the same insurance coverage an Idaho potato farmer might pay for a similar home in his state. Auto Crashes Leading Cause of Death Among U.S. Teens Teenage drivers are three times more likely to die in an automobile accident than the those in age group with the next highest accident mortality rate, according to federal statistics. Tropical Storm Fay Hits Floridians Homeowners insurance will cover most wind-related losses, but many flood-related losses will be paid out-of-pocket. Tropical Storm Fay Damage Mostly Covered Floridians are digging out of the damage caused by Tropical Storm Fay, and most wind damage will be compensated through homeowners insurance. But many homeowners will have to pay the tab for flood damages. Holiday Travelers Need Rental Car Protection Many revelers will rent vehicles to get around during the last summer holiday. Depending on the auto insurance carried or the credit card used to pay for a rental, renting a vehicle could have extreme hidden costs. Using Public Transportation to Lower Auto Insurance Rates As gas prices have gone up, so has use of public transportation systems. Lower auto insurance rates could be an unintended benefit for many. Wildfires Annually Threaten Thousands of Homes Every year thousands of homes are damaged or destroyed by wildfires. But you need more than just homeowners insurance to make sure any potential losses are covered. Auto Insurance Fraud Tactics Even the best driver under favorable traffic conditions can be victimized by auto insurance fraud. Long Term Care Insurance Most people under age 55 have no need for long term care insurance. But most people over age 65 will need long term care at some point, and long term care insurance could be the difference between a comfortable retirement and poverty. Hurricanes Make Florida National Leader in Catastrophic Losses Almost a fourth of catastrophic insurance losses occur in hurricane-prone Florida, and residents with homeowners insurance likely aren't as well protected as they think. Annuities: Insurance Against Outliving Your Assets While life insurance protects against dying too soon, an annuity offers long-term security in case an owner lives too long. Number of Americans with Health Insurance Increased in 2007 Increased participation in public health care programs last year offsets decreased participation in private health insurance plans, according to the U.S. Census Bureau. (Read) Number of Americans with Health Insurance Increased in 2007 Increased participation in public health care programs last year offsets decreased participation in private health insurance plans, according to the U.S. Census Bureau. Health Care Costs Force Some Seniors to Delay Retirement Rising health care and health insurance costs are forcing many seniors to delay retirement until eligible for Medicare coverage at age 65. Maternity Health Insurance Critical for Prenatal Care Tens of millions of Americans have no health insurance coverage, but pregnant mothers-to-be can save thousands of dollars on medical bills while ensuring their newborn is happy and healthy through affordable maternity health insurance. Prescription Drug Coverage Gap Affects Millions of Senior Citizens Many seniors were on their own for the rest of 2007 after exhausting an initial $2,510 in Medicare prescription drug coverage, placing many at risk of severe health consequences. States Considering Laws Increasing Auto Insurance Rates and Repair Costs Consumers could be on the hook for millions of dollars in additional costs if several states enact proposed laws banning auto insurance companies from negotiating repair services and recommending shops. Hurricanes' Dirty Half Dozen Hazards Homeowners along the Gulf and Atlantic coasts face six specific threats when a hurricane reaches landfall, and most homeowners insurance plans won't provide full protection. Poll: Many Americans Struggle to Pay for Health Care The cost of health insurance and health care is forcing many Americans to pinch pennies while struggling to pay for medical care. Reducing Teen Auto Insurance Costs As teens get licenses to drive, their parents often pay up to double the cost of auto insurance to put them on the road. Insurance-Website looks at ways to lower auto insurance rates for parents of teen drivers. Choosing a Safe, Insurable Car for Teens The right kind of vehicle for a teen not only can save hundreds on auto insurance, it can save your teen's life. Homeowners Insurance for Condo Owners Condominium associations might provide master insurance policies, but a full measure of protection can be had only through a homeowners insurance policy for condominiums. Many Boats Are Not Covered by Homeowners Insurance Many boat owners incorrectly think their homeowners insurance fully protects their watercraft. What an Auto Insurance Policy Covers Auto insurance is an essential component of safe vehicle operation, but many drivers don't realize what goes into that slip of paper so often placed in the glove compartment and forgotten until the next premium is due or a police officer asks to see it. Auto Thefts Most Common in Western States Auto insurance rates likely will be higher if you live in one of the metropolitan areas ranked among the top ten in the United States for rates of auto theft. How Companies Spend Homeowners Insurance Premiums While average claim amounts decreased in 2006, homeowners still paid an average $58 toward insured losses for every $100 paid in homeowners insurance premiums. Securing Insurance Papers and Supporting Documentation Keeping your paperwork organized is just one important step toward ensuring copies of your homeowners insurance and other important documents are available when needed after an emergency. External Threats Most Perilous for Homeowners Hurricanes have the greatest single impact on the number of homeowners insurance claims filed in a given year, but other external perils threaten our homes even more. Thwarting Insurance Fraud After a Natural Disaster A few basic steps can help ensure you aren't victimized by homeowners insurance fraud after a natural disaster. Arson All Too Common Among Highway Automobile Fires Too often, car owners resort to illegal means to get rid of burdensome loan payments they no longer can afford. But many would-be arsonists are getting caught. Low-Wage Workers Struggling to Afford Health Care A recent national study indicates nearly a fourth of low-wage workers in the United States struggle to find affordable health insurance and often skip necessary care. Putting a Dent in Collision Repair Fraud A few basic steps can prevent auto repair fraud and keep auto insurance rates from rising faster than necessary. Drunk Driving Fatalities Mostly Decline The number of people killed in alcohol-related automobile accidents decreased in 2007, but the alcohol-related fatality rate among motorcyclists increased. Study: Repealing Colorado's No-Fault Auto Insurance Law Successful Colorado consumers benefited from lower costs after the State Legislature repealed the state's no-fault auto insurance law in 2003, the Insurance Research Council announced. (Read) More Storms Predicted as Hurricane Season Hits Peak The Atlantic hurricane season reached its midway point on Sept. 10, but it's already inflicted a season's worth of damage on U.S. homeowners and is one of the most active storm season in decades. Golden Rule Now Offering Dental Plans Health insurance options just increased for Golden Rule customers and anyone else looking for affordable dental insurance coverage in several states. Tornado Activity makes 2008 Among Most Catastrophic Ever You don't have to live in "tornado alley" to suffer the wrath of nature's most destructive force, the tornado, and 2008 is threatening to be the worst ever for tornado-influcted damages. Lightning Strikes Jolt Homeowners Insurance Claims The number of homeowners insurance claims paid because of damage caused by lightning strikes has decreased, but the total cost has increased greatly as homeowners buy more expensive televisions and other electronics. Uninsured Drivers Comprise a Fourth of all Motorists in Several States Despite laws to the contrary, many motorists on U.S. roads are driving without state mandated auto insurance protection. Hybrid Car Owners Save on More than Gas Many auto insurance companies are offering rate discounts for hybrid car owners. Winter Storms Among Most Catastrophic for Homeowners Only hurricanes and tornadoes on average inflict more catastrophic homeowners insurance losses than winter storms do each year. Catastrophic Events Forcing Home Insurance Market Changes An increasing trend toward buying homeowners insurance through non-profit "insurers of last resort" is impacting many taxpayers in coastal states. Hurricane Ike Losses Expected to Top $10 Billion in Galveston, TX Hurricane Ike inflicted billions in homeowners insurance and other losses as it made landfall and carried its swath of destruction inland. After the Storm: Filing a Homeowners Insurance Claim Hurricanes, wildfires, tornadoes and earthquakes have influcted billions of dollars in damages to homes across the United States this year, and insurance experts advise steps to take to streamline filing of homeowners insurance claims. "Gap" Insurance Protects Leased Vehicles When leasing a vehicle, auto insurance might not be enough to cover the amount owed compared to its actual value. Gap insurance can mean the difference between walking away from a totaled vehicle with no further financial obligations or continuing payments on a vehicle you no longer drive. Car-Deer Collisions are Costly and Deadly More than a half-million car-deer collisions occur every year, but not all drivers are insured against damages and injuries if they suffer the misfortune of striking a deer. Health Insurance Protects Family Finances Having health insurance can mean the difference between having a debt-free life and going bankrupt, according to a recent survey. Health Insurance Benefits Cost Increasing More for Some Occupations than Others The cost of providing health insurance benefits varies by occupation, leaving workers in some occupations more vulnerable to losing health insurance benefits than others. High Cost of Dental Insurance Decaying Oral Health for Many Families More than half of low-income adults and their families forgo needed dental care due to cost and lack of insurance coverage, according to the Kaiser Family Foundation. AIG Insurance Companies in Good Standing, Policyholders Protected AIG has made headlines with its financial troubles, but state regulations and oversight mean its insurance companies remain financially strong. Economic Volatility Causing Many to Forgo Life Insurance Concerns about the stock market and general economic conditions, many Americans are considering canceling important life insurance protection for their families. Long-Term Care Insurance Beneficial for Most Americans Odds are most Americans who live past age 60 will need long term care at some point, but many do not have long term care insurance. Life Insurance Deals are Best in a Decade but Most Americans Balk at Buying Despite life insurance premiums being the most affordable in more than a decade, most Americans still do not have life insurance protection. Agent-less Americans Balk at Buying Life Insurance Most people want to buy life insurance from someone they can meet, but most can't find someone for that personal interaction and do not buy life insurance as a result, according to a recent study. State Regulation Ensures AIG Insurance Companies are Fiscally Fit Partly thanks to state regulation of insurance companies, AIG's insurance companies operating in the United States remain fiscally strong while its federally regulated, non-insurance companies perform poorly. Hurricanes, Financial Woes to Increase Homeowners Insurance Premiums? Some industry experts caution a brutal hurricane season could combine with other financial losses at companies like AIG to increase homeowners insurance rates when renewing policies. AIG Agrees to $85 billion Federal Reserve Loan In an attempt to stave off the financial collapse of one of the world's largest corporations, AIG officials gave the federal gov't 80 percent control of the company in exchange for $85 billion. $85 Billion AIG Deal Finalized as FBI Investigates AIG and federal officials brokered an $85 billion bailout of the international corporation while the FBI began probing potential fraud at AIG and other companies as part of a larger investigation. 17 Million Adult Women in America Lack Health Insurance Although most women over age 65 have health insurance provided through Medicare, about 17 million younger adult women are living without the security of health insurance protection. Older Drivers are Among Most Accident-Prone Recent studies indicate people over age 65 are among the most at-risk drivers on America's roads. Credit Scores Accurately Predict Auto Insurance Claims Maintaining good credit could save consumers a great deal on auto insurance, and most states have approved the practice of using consumer credit scores to determine auto insurance rates. NAIC Wants Greater State Oversight of Medicare Insurance Sales Federal law prevents states from regulating how companies locally market private Medicare insurance, and the National Association of Insurance Commissioners says that has to change to help America's senior citizens. Hurricane Ike Storm Damages on Pace to be Fourth Costliest Ever As insurance adjustors and others sift through the rubble of Hurricane Ike, the storm's total cost is expected to be around $10 billion -- making it among the costliest storms. Costliest Hurricanes in History Happened Mostly in Recent Years Eight of the 11 costliest hurricanes to make landfall in the United States have occured during the past four years. Online Insurance Shopping Saves Cash & Time The Internet and online sites like Insurance-Website have revolutionized the insurance industry, making it possible for consumers to comparison shop and select the best deals while saving precious time and money. Finding a Lost Life Insurance Policy Having a life insurance policy is a great way to protect family assets for heirs, but many times a policyholder passes on without telling anyone where to find it. But lost policies can be found. Auto Insurers Support State Cell Phone Restrictions With more than 260 million Americans subscribed to cell phone and similar services, many auto insurance companies are supporting efforts to curb cell phone use while driving. NAIC Offers Tips on Buying Long-Term Care Insurance Most senior Americans will need long-term care services at some time, and the National Association of Insurance Commissioners suggests some tips for getting good deals on long-term care insurance. Some States Limit Lender Requirements for Homeowners Insurance Coverage Because some mortgage lenders have required homeowners to purchase excessive amounts of homeowners insurance protection, many states have enacted laws protecting consumers against exhorbitant insurance demands. Concern Over Health Care Costs Could Sway 2008 Election Only the economy and the Iraq War surpass likely voters’ concerns over health care and health insurance costs, according to the Kaiser Family Foundation’s latest monthy poll. Federal Government Extends Indebted National Flood Insurance Program The financially challenged National Flood Insurance Program was extended through April 2009 as federal officials debate expanding its scope. North Carolina Officials Examining Coastal Homeowners Insurance Risk North Carolina's coastal insurance company might not have the finances necessary to fully protect residents participating in the public homeowners insurance plan for hurricane-prone properties. Sen. Reid Gaffe Falls Hard on The Hartford, MetLife Unfounded and untimely comments by U.S. Senate Majority Leader Harry Reid likely contributed to a recent stock downturn for many U.S.-based insurance companies. State Farm grants $3 million to Improve Latino Youth Education A $3 million grant from State Farm will help strengthen Latin-American communities across the United States. Farmers Insurance Group opens National Property Claims Office Kansas-based response site designed to streamline response to catastrophic storms and other events. Travelers Implements Texas Disaster Relief Plans Hurricane Ike slammed the Texas coast nearly a month ago, but locals still struggle to make ends meet as they clean up Survey: Teens Mimic Parents' Driving Habits; October Worst Month for Teen Drivers Teens often do as parents do and not as parents say when it comes to driver safety. First half 2008 Catastrophic Insurance Losses Exceed All of 2007 Homeowners insurance and other insured losses so far in 2008 have exceeded annual totals each of the prior two years and is on pace to become one of the costliest years on record for insurers. Teen Driver Safety Week 2008 Slated Oct. 19 through 25 Many teen drivers engage in unsafe driving behaviors, and parents stuggle with how to better educate their teenagers to become safe motorists, according to results of a recent teen driving survey. AAA Suggests 10 Ways to Keep Children Safe while Traveling Motor vehicle accidents are the leading cause of death for children from ages 2 to 14 and the leading cause of injury-related death for children under age 2, and AAA has suggestions on how to keep youth safe while traveling. Virtual 'InSight' Driving Program to Improve Older Driver Skills The Allstate Insurance Company recently unveiled a virtual reality software program designed to enhance driving skills among older drivers. Car-Deer Collisions Peak During Fall Months Fall is the most active time for deer as they begin their annual mating season and fatten up for winter. But a few precautions can help avoid a costly and potentially deadly car-deer collision. Fed Loans AIG More 'Time' With Another $37.8 Billion With an 80 percent stake in AIG, the federal government recently approved another $37.8 billion loan on top of the already-allocated $87 billion taxpayer bailout of the international insurance and financial services corporation. MetLife Selling 75 Million Shares to Shore Up Company Revenues Poor investment performance combined with recent catastrophic losses is forcing MetLife officials to sell 75 million shares of stock to the public. POLL: Short-Term Investor Confidence Down, Long-Term Investor Confidence Stable A recent poll of insurance industry professionals indicates long-term retirement investments, such as life insurance and annuities, will remain popular despite current economic turmoil in financial and insurance industry markets. Poll: State Medicaid Programs Have Less Money to Serve More People Facing a relatively good economic forecast a year, many state legislatures expanded their Medicaid programs and now face budget shortfalls as actual revenues fail to meet earlier expectations. 2008 Hurricane Insurance Losses Could Be Worse than Anticipated Insured lossed to offshore oil rigs and other energy industry vessels likely will cause Hurricane Ike damage totals to run as much as $5 billion more than estimated. AIG Takes Out Another $9 Billion; Total Debt to Taxpayers now $70.3 Billion Shortcomings in company securities trading forces AIG officials to use another $9 billion in federal bailout funds. Insurance Executive Defends Credit-Based Insurance Scoring Despite a federal report affirming it's fairness and accuracy, using credit scores to establish auto insurance rates and other coverages continues to draw critics. AAA Tips on Getting Satisfying Service for Automotive Repairs Many car owners rue the day they have to take their vehicle in for repair service, and AAA offers suggestions to make help drivers find reputable repair shops and get satisfactory service. West Virginia Leads Nation in Car-Deer Collisions Motorists in West Virginia should pay the closest attention to potential deer movement while traveling roadways -- particularly at dusk, according results of a recent State Farm study. Wells Fargo Acquisitions Create Fifth Largest U.S. Insurance Brokerage The addition of a New Jersey-based insurange brokerage group boosts Wells Fargo into fifth place among U.S. insurance brokerages.
(Read) Fed to Appoint Independent Trustees to Oversee AIG An Independent, three-person panel will be appointed to protect taxpayer interests in AIG as company officials sell off assets to repay an up to $128 billion loan from the U.S. Federal Reserve Bank. Fall Splendor Draws Tourists to Northeast U.S. and Smoky Mountains New England states and the Great Smoky Mountains areas ranked among most popular destinations for fall color tour enthusiasts, according to AAA. Families Pay More for Health Insurance as Employer-Provided Plans Become More Expensive Poll: The rapidly increasing cost of employer-provided health insurance benefits is threatening the availability of affordable health insurance coverage for America's working families. Former AIG Chief Claims Alternative Plan in Works Former CEO Hank Greenberg claims an alternative plan to rescuing financially troubled AIG will be presented to federal officials this week. Angered Lawmaker Calls for AIG CEO Resignation Reports of another company stay at a luxury hotel has a lawmaker calling for the resignation of AIG's top executive. Long Term Care Insurance Can Help or Hinder The cost of long-term care is outpacing inflation, but consumers can take steps to ensure their long-term care insurance coverage gives them the most protection for their insurance dollars. Rising Cost of Health Insurance Benefits Forces Many Employers to Stop Coverage Recent studies indicate employers soon might not be the number one source of health insurance coverage for Americans. Santa Ana Winds Whip up Cal Wildfire Frenzy during National Fire Safety Month Thousands of acres burn in Southern California, killing several residents and forcing the evacuation of thousands of homes threatened with destruction as the nation observes National Fire Safety Month. State Guaranty Fund Systems Protect Insurance Consumers Recent economic volatility combined with survival struggles among prominent financial and insurance companies are causing justifiable concerns among policyholders, but states already have mechanisms in place to protect policyholders. MetLife, The Hartford Officials Discuss and Drop Merger Talks Two of the largest life insurance companies in the United States briefly discussed merging operations as the global financial crisis continues to pummel domestic and international corporations. Fed Being Tight-Fisted with AIG Loan Details The latest $37.8 billion taxpayer loan likely won't abide recent transparency requirements included in legislation enabling up to $122.8 billion in taxpayer loans to financially embattled insurer AIG. Positive Life Insurance Market Forecast for U.S. Insurers Despite recent economic trouble, recent research suggests U.S.-based life insurance companies have a bright near-term future. Wells Fargo, Citigroup Battle in Federal Court over Wachovia Deals Wells Fargo officials are making a federal case over disagreements on how Citgroup went about negotiating buying portions of Wachovia -- a company recently purchased by Wells Fargo to enhance its insurance operations Stemming the Rising Tide of Insurance Fraud Insurance fraud costs consumers billions of dollars every year, and the National Association of Insurance Commissioners offers tips to help consumers avoid being victimized. Companion Property & Casualty Purchases Mississippi's AmFed Licensed in 47 states, Companion Property & Casualty announced the purchase of one of the largest workers' compensaion insurance firms in Mississippi with the goal of expanding insurance products and services at both companies. New York Attorney General Announces Investigation of AIG Spending Claiming recent spending decisions by AIG executives violated the law, New York Attorney General Andrew M. Cuomo says he is investigating and might prosecute. RV Owners Need Special Protection Not Provided Through Auto Insurance RV owners, like homeowners, need dedicated insurance protection to fully protect against circumstances unique to owning and using recreational vehicles, according to the nation's leading producer of RV insurance. Genetic Testing for Cancer Offers Promise and Concern Gentic testing for cancer can help reveal a heightened risk of developing cancer, but some are concerned over how information should or might be used. Former AIG Chief Executive Greenberg Urges Altering AIG Loan Terms If AIG executives don't renegotiate more favorable federal loan terms, the company won't be able to repay its taxpayer-funded loan of up to $127.8 billion and will perish, according to a former company CEO. Auto Insurers Argue Against New York Regulators Denial of Proposed Rate Increases A national insuance association says New York state regulators erred in denying auto insurance rate increases in the Empire State. AIG Runs up $82.9 Billion Tab; Halts Ex-Executive Payments & Company Perks Indebted some $83 billion to U.S. taxpayers, AIG officials agreed to halt multi-million dollar ex-executive severance payments and curb wasteful spending on corporate perks after facing legal and political heat. AIG Officials Hire Firm to Expedite Asset Sales Facing slow sales of its domestic and foreign assets, AIG officials hired Bank of America to hasten the sale of assets so the troubled insurance giant can repay its debt to taxpayers. Ratings Group Issues Negative Outlook for U.S., Global Insurance Sectors Global and domestic life insurance markets in particular face a negative outlook over the next two years due to sluggish investment performance and exposure to additional risk, according to the Fitch Ratings Insurance Group. Mercury General Hammers Out Deal to Acquire AIS Mercury General officials announced the planned purchase of Auto Insurance Specialists from parent company Aon for at least $120 million. While Not Ideal for All Investors, Annuities Are a Perfect Solution for Some Recent stock market losses have retirement-minded investors eyeing options, and for many, annuities are the investment vehicles they seek. Report: AIG Seeks More Federal Funding AIG officials probably would borrow less than $10 billion from the U.S> governemnt through a new federal "commercial paper" program, according to recent reports. CEO: AIG to Sell Off Units by End of Year Between 15 and 20 buyers are eyeing AIG foreign assets with deals expected by New Year's Day. Federal Officials Aim to Decrease Motorcyclist Fatality Rates Motorcyclists are the only demographic group to have highway fatalities increase in recent years and more than any other group must ensure they have suitable insurance protection. USAA Insurance for Active and Retired Military Members and Their Families Once a small association of military personnel insuring the vehicles of fellow Army officers, USAA has blossomed into a top ten auto insurance company offering policies for millions of Americans. NAIC Helping to Establish Global Insurance Regulatory Standards Working to prevent the catastrophe afflicting global financial markets was a primary aim of the International Association of Insurance Supervisors' annual meeting recently held in Hungary. AIG Executive Focusing on Future Endeavors Several international companies are negotiating to purchase AIG assets, which company officials say will repay taxpayer-backed federal loans while making the company profitable with growth potential. U.S. Life Insurers Support Limited Federal Oversight of Insurance Sector Heads of every United States-based life insurance company recently petitioned federal officials to create the proposed Office of Insurance Information. ACLI Officials: U.S. Life Insurance Policies Have Solid Financial Backing Despite concerns over some U.S. insurance companies stuggling to stay in business, experts say America's life insurance industry remains robust with a healthy future ahead. Federal and NY State Prosecutors Investigating Credit Default Swaps Market New York and U.S. prosecutors are examining credit default swaps that spurred the financial downfall of several banks and insurance giant AIG. Pet Insurance Benefits Help Job Providers Keep Employees At a time when fewer job providers are offering health insurance benefits, more are realizing the benefits of offering pet insurance perks. Congress Might Act to Curb AIG Executive Perks If federal officials don't rein in executive pay and exorbitant company perks at AIG, a member of Congress says he will do it through legislation. Abortion Procedures and Health Insurance Coverage With abortions most common among low-income women, debate over public funding for controversial abortion services has reached a fever pitch during a presidential election year. Catastrophic Storms Lower Travelers Companies Earnings Outlook An unsually active Atlantic storm season drove up homeowners insurance claims and other losses, forcing Travelers officials to lower their 2008 earnings estimates. AIG Cuts Perks, Halts Millions in Executive Pay Hastened by criticisms from lawmakers and pending state and federal investigations, AIG officials agreed to cancel costly company outings and halt millions in compensation for former company executives. Travelers Execs See Opportunity in AIG Downfall Whether through corporate acquisitions or aggressive market growth strategies, executives at The Travelers Companies are eyeing opportunity in the U.S. property and casualty insurance market. Shady World of Unregulated Credit Default Swaps Imperiled AIG, Others A work of fiction couldn't concoct a more muddled scenario in which seemingly intelligent money-managers were drawn into a shady world of unregulated, international financial excess known as credit default swaps, leading to the downfall of many companies around the world. Companies Express Interest in Buying AIG's Philippines-Based Assets Up to 10 suitors are wooing AIG officials in an escalating bidding war for the trouble insurance giant's Philippines-based businesses. AAA: Halloween Especially Deadly on Weekends Motor vehicle-related deaths increase an average 30 percent when Halloween falls on a weekend instead of a week night, and AAA officials are advising Halloween celebrants to use extra caution to ensure a fun holiday for all this year. AIG Appoints Restructuring Chief, Sells $270 million in Municipal Bonds AIG officials this week unloaded more than a quarter-billion in municipal bonds and named a proven restructuring executive to oversee sales of company assets as it works to repay up to $122.8 billion in taxpayer-backed federal loans. AIG Runs Up $90.32 Billion Debt to Taxpayers AIG officials drew down another $7.42 billion in taxpayer-backed loans this week as the financially strapped insurance conglomerate struggles to sell off assets and repay up to $122.8 billion in Federal Reserve loans. Allstate Ratings Downgraded After Surprise $933 Million Loss During Third Quarter Surprising third-quarter losses have resulted in a ratings downgrade for the Allstate Insurance Company and subsidiaries. Property and Casualty Insurers: No Taxpayer Bailout Wanted Representatives of U.S. property and casualty insurance companies recently wrote federal officials protesting potential inclusion in a $700 billion taxpayer funded bailout of financial institutions. Nursing Home Room Costs Were Level While Assisted-Living Costs Rose Slightly in 2008 A recent national survey indicates nursing home housing costs stayed at 2007 levels while assisted-living services increased only slightly. AIG Woes Boost Outlook for Competitors Consumers wary of continuing business with AIG are giving competitors a boost as insurance rates begin to rise. AIG-Associated Public Transit Agency Seeks Federal Assistance to Avoid Failure Dozens of public transit agencies owe billions to creditors through "lease-back" deals backed by AIG and seek federal assistance. Wall Street Awaits Hartford, MetLife & Prudential Quarterly Results After suffering a third quarter mired by fallen stock values, poor investments and one of the costliest Atlantic storm seasons on record, Wall Street investors eagerly await financial results from three major insurance companies. Regence, U.S. Bank Team Up for Health Savings Accounts Residents of some the Northwest United States who opt for a Regence health savings account will have greater account access through a program partnership with U.S. Bank. New Jersey Chamber of Commerce Partners with N.J. Auto Insurer to Offer Discounted Rates New Jersey-based High Point insurance and the state Chamber of Commerce have partnered to offer discounted auto insurance rates to a half million state residents. AIG Appoints DeSantis Top Executive of Personal Auto Group AIG officials this week appointed a new chief of the company's retooled private auto insurance subsidiary after merging its operations with other AIG private auto insurance ventures. Health Insurance Plans Cost Women up to 50 Percent More A recent examination of private health insurance plans reveals women pay up to 50 percent more for the same coverage as men of the same age. Four AIG Companies Swap Nearly $21 Billion in Federal Commercial Paper Program Looking to raise capital, AIG officials said they will participate in a new federal commercial paper program designed to help struggling corporations deal with short-term debt. Kaiser Poll: Health Insurance and Health Care Affordability a Primary Concern for Voters The final Kaiser Family Foundation 2008 election tracking poll indicates recent economic troubles have increased voter anxiety over health care and health insurance costs. AIG-Associated Public Transit Agencies Seek Federal Assistance to Avoid Failure Dozens of U.S. public transportation agencies seek federal assistance to pay "lease-back" debts backed by AIG and others. Ex AIG CEO Urges Restructured Loan Terms; AIG Pays Off Portion of Initial $85 Billion Former AIG CEO Maurice "Hank" Greenberg once again is urging company officials to restucture federal loan terms while AIG pays down $6.5 billion in debt. MetLife, Hartford, Prudential Post Third Quarter Losses Bad investments spurred large losses reported by America's largest life insurance companies as industry officials lobby federal officials to secure a portion of federal bailout funding. Study: Earthquake along California’s Hayward Fault Could Inflict $200 Billion in Damages Only a small portion of hundreds of billions of dollars in potential damages from another major earthquake along the Hayward Fault, but purchasing earthquake insurance coverage would reduce overall costs for many homeowners and business owners. Judge Rules AIG Fraud Cost Shareholders up to $600 Million Five defendants already convicted of falsifying financial performance at AIG cost shareholders up to $600 million in losses when their deception was revealed, a federal judge ruled. AIG Postpones Japan Merger; World’s Largest Broker Profits from AIG Woes A potential merger of two Japanese subsidiaries of AIG has been put on hold to allow bidders more time to negotiate a fair price and arrange financing. Health Insurance Companies Pay Some Docs to Prescribe Generics Citing lower costs and greater odds of patients continuing to take prescribed medications, many health insurance companies are paying doctors to prescribe lower-priced generic drugs, drawing criticism and potential legal action from some circles. Hartford Stocks Soar on Capital Holdings News Investors rewarded news the Hartford has billions in reserve capital with a nearly 60 percent single-day rise in stock prices and nearly doubling it's low of $8.40 set on Oct. 30. AIG Subsidiary Approved for Federal Commercial Paper Program Funding An aircraft leasing corporation likely to be sold by AIG has been approved for low-cost, short-term funding through the federal commercial paper program. AIG Commercial Insurance Units to Issue Policies Electronically In a money-saving and environmentally friendly move, several AIG commercial insurance subsidiaries will use a new proprietary program to issue policies via the Internet. AIG Bailout Effectiveness Questioned With more than $100 billion owed to taxpayers and the federal government, some financial experts are questioning whether or not the federal intervention in AIG affairs will have a positive result. New York State Officials Consider Reviving Insurance Exchange Citing recent lessons learned combined with technological advancements over the past 20 years, New York insurance officials are considering reviving the defunct New York Insurance Exchange. AIG Shareholder Sues Company Over Government Bailout AIG officials violated Deleware state law when they accepted federal bailout terms and issued additional shares of company stock without seeking shareholder approval, according to a suit filed on Nov. 4. GMAC Might Lose Mortgage Unit to Stay Afloat GMAC officials might have to let a mortgage-based subsidiary to go bankrupt while focusing on boosting vehicle sales for parent company General Motors. Study: Diabetes Cases Doubles in the United States in Past Decade A federal study indicating diabetes cases roughly doubled over the past 10 years might underestimate the problem due to underreporting -- particularly in southern states. Hartford Eyes Overseas Expansion after enduring 'Most Challenging' Quarter Despite suffering its worst financial quarter in company history, officials at The Hartford are going ahead with plans to expand services into fledgling Asian and European markets. Unlicensed Teens Disproportionately Involved in Fatal Accidents Fatalities among unlicensed teenage drivers greatly exceed those of any other demographic, but abiding state licensing regulations can help reduce teen traffic fatalities. Standard & Poor’s Poised to Downgrade AIG Ratings Lost business and downsizing will lead to a downgrading of ratings for AIG property and casualty businesses if the company doesn't improve its bottom line soon, AIG officials were cautioned today. AIG Asset Sales Might Be Enough Not Repay Federal Loan Declining asset values combined with pressures to make quick sales could result in AIG not raising enough capital to repay taxpayer-funded federal loans. Auto Insurance Rates Offsetting Fuel Savings in Small Cars Citing greater fuel savings, many consumers have switched to smaller cars and hybrid vehicles, but their auto insurance rates often offset any realized savings from reduced gasoline costs. Three International Insurance Companies With U.S. Ties Post Third Quarter Losses Insurance industry losses during the third qurter of 2008 lowered the bottom lines of three international companies doing business in the United States. Federal Law Aims to Equalize Mental Health Insurance Coverage Employer-provided mental health insurance plans will have to provide coverage more equal to traditional health insurance plans under a new federal law. Nationwide Lowers Rate on Popular Universal Life Insurance Product Consumers can have greater flexibility in planning for retirement and potential long-term care expenses through Nationwide's newly priced universial life products. Homeowners Insurance Rates Might Rise 35 percent in Hurricane-Prone Areas A recent return on equity study targeting homeowners insurance companies suggests rates could rise by more than a third in hurricane-prone states. AIG Repays Portion of $85 billion Taxpayer-Backed Federal Loan AIG officials used an interest-friendly federal commercial paper program to pay down a portion of its initial $85 billion taxpayer-debt while federal officials reportedly consider revising AIG's loan terms. Genworth Posts $258 Million Loss; Stock Plunges; Buyback Programs Halted A $258 million third-quarter loss caused a steep decline in Genworth shares as company officials scramble to boost its capital holdings. Hartford Officials Tell SEC the Company is Financially Sound Despite recent market turmoil,The Hartford officials this week explained its financial position to federal officials, claiming the company has sufficient capital reserves to maintain sound industry ratings. Genworth Insurer Ratings Scrutinized after Posting $258 million Third-Quarter Loss Uncertainty over company efforts to turn around its bottom line has A.M. Best officials considering downgrading ratings for Genworth Financial. Winterproofing Can Save on Homeowners Insurance Claims, Rates Homeowners face unique challenges during winter months, and taking a few basic precautions to winterproof their houses can save homeowners extreme aggravation as well as money. AIG CEO Says News Reports of Phoenix Junket Are False Reports of a week-long stay at a posh hotel for 150 independent financial planners drew sharp criticism, but AIG's leader says the news reports misrepresented the event. Genworth Losses Result in Ratings Cut; No Longer Eligible for Federal Assistance Recent losses reduced Genworth Financial's credit rating, making it ineligible for federal commercial paper loan program assistance and causing stock prices to plummet. AIG Leads Insurers in Posting Combined Losses of Nearly $1 Trillion The international insurance industry posted a combined $919 billion in losses during 2008 in the aftermath of the mortgage market collapse and one of the costliest Atlantic storm seasons on record. Federal Officials Unveil Revised $150 Billion AIG Bailout Plan AIG officials received a brief reprieve from looming financial disaster as federal officials yesterday announced a new $150 billion plan to rescue what formerly was the world's largest insurance company and now is its most indebted one. Texas Attorney General Investigating Genworth Subsidiary Already reeling from industry ratings downgrades, Genworth Financial officials revealed subsidiary Genworth Life Insurance is the subject of a Texas Attorney General investigation. MetLife Study: Nearly Half of American Workers Surviving Week-to-Week With a large percentage of American workers living paycheck to paycheck, stress becomes a significant health issue that can be addressed successfully. U.S. and International Banks Win in Revised AIG Bailout Package A revised plan for saving ailing insurer AIG will put billions of taxpayer dollars in bank coffers to alleviate immediate pressures for company officials to post more capital on credit default swaps. Hartford Financial Stocks Fall Amid Analyst Concerns After more than doubling in recent days, share prices for the Hartford Financial services fell and equal amount, wiping out recent gains after an analyst downgraded expectations for Hartford Financial and the life insurance industry in general. Former GE Executive Named to AIG Board of Directors Having already served in leadership roles on what once was the world's largest company, a former GE executive has been named to the board of directors of AIG, formerly the world's largest insurance company. Study: Residents of Northeast U.S. Pays Highest Health Insurance Rates Health insurance coverage costs can vary greatly depending on location and sex, according to results of nationwide survey commissioned by eHealthInsurance. Angered Lawmaker Calls for AIG CEO Resignation News of another company event held at a luxury hotel has a lawmaker calling for the resignation of AIG's top executive. Genworth Anticipates 4th Quarter Loss; Stocks Tumble After suffering a massive third quarter loss, Genworth officials said they anticipate more losses before the end of the year, adding to already bad news of recent company ratings downgrades. Senate Finance Committee Chairman Proposes Mandatory Health Insurance The head of the Senate Finance Committee says mandatory health insurance coverage is in the works along with taxes on employer-provided health insurance. New Pennsylvania Senior Health Insurance Program Created Pennsylvania seniors participating in the state senior health insurance program administered by Conseco will have their coverage seen to by a new entity with oversight provided by a former U.S. surgeon general and other prominent members. Genworth Borrows $930 million to Pay Outstanding Debt, Stocks Rebound Some $930 million borrowed through two low-interest credit lines announced today by Genworth officials proved positive for company shares as they rebounded toward the close of trading today. Aflac Official Says Company Won't Buy AIG Assets Despite being one of the few insurance companies to post a recent profit, a tightened credit market is forcing Aflac officials to halt a potential deal to buy AIG assets in Japan. The Hartford Employees Sue Company Over Retirement-Plan Losses In a small-scale replay of Enron, Connecticut-based insurer The Hartford is being sued by some employees upset a portion of their retirement funds are invested in poorly performing company stock. Recent Losses Cause The Hartford to Buy Bank to Access Federal Loans Struggling to raise capital in a tight credit market, The Hartford officials announced the purchase of a Florida bank so the company can access federal funds available to savings and loan holding companies. Horace Mann CEO Says Company is Financially Sound Attempting to calm investor and analysts nerves, Horace Mann's top executive said recent company performance is within anticipated parameters and the future is promising. Washington D.C. Metro Transit Officials Overcome AIG Woes The nation's capital will have public transit service continue unabated after D.C. Metro officials worked out an agreement with a Belgian bank demanding payment of up to $43 million when AIG no longer could provide financial backing for leasing agreements. AIG Lending Unit Closing 178 Offices, Cutting 380 Jobs In keeping with company policy announced in June, AIG officials recently closed dozens of loan origination offices of a subsidiary mortgage lending unit it eventually intends to sell. The Hartford Stock Tumbles Amid Variable Annuity Concerns Analyst concerns over the U.S. variable annuity market wreaked havoc on The Hartford's stock price today. Interest is Strong in AIG Overseas Assets At least two of indebted insurer AIG's overseas assets are being eyed by suitors. Federal Judge Reinstates Hartford Financial Case A federal suit accusing The Hartford of scheming to boost its stock prices was reinstated by a federal appeals court today. More Insurance Companies Eyeing Small Banks to Get Federal Funds Eager to participate in a taxpayer-backed federal program to fund banks, many insurance companies are looking to buy small banks to access more federal dollars. Federal Reserve Officials Want to Appoint Advisors to Manage AIG Assets Intending to protect vulnerable AIG policyholders and other customers, Federal Reserve Bank officials want to appoint advisors to manage more than $58 billion in company assets. Chubb Survey: Many Americans Concerned Crime Will Strike at Home Home Security is among costs being reduced by Americans even as their anxiety over potential in-home crime rises, according to results of recent survey sponsored by Chubb Insurance. Cuomo Cautions AIG Against Year-End Executive Bonuses AIG is among companies targeted by New York Attorney General Andrew Cuomo, who wants to ensure top executives aren't rewarded for poor company performance by getting millions in pay ultimately provided by taxpayers. Truck Stops, Rest Areas Top Spots for Commercial Cargo Theft Truck stops and rest areas account for most cargo theft incidents -- especially on weekends, according Chubb Insurance researchers. Health Insurer Eases Policy Restrictions for California Fire Victims CIGNA temporarily is easing health insurance restrictions to help California policyholders impacted by recent wildfires stay healthy and keep their health insurance costs low. Federal Government Might Back Loans to Sell AIG Units Tight credit markets have potential buyers of AIG assets scrambling to find funding and some eyeing potential federal assistance to facilitate possible deals. U.S. Life Insurance Stocks Tumble on Investment Losses, Concerns Investor concerns about potential losses tied to commercial mortgages and other investments held by life insurance companies was felt in the stock market today as share prices fell drastically.