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Probes Sought On Jump In Rates
Lawmakers quick to demand action on Anthem Blue Cross
Angry lawmakers turned up the heat on Anthem Blue Cross on Tuesday, calling for federal and state investigations into the California health insurer’s decision to increase rates by as much as 39 percent for thousands of policyholders statewide.
U.S. Rep. Henry Waxman, D-Los Angeles, chairman of the House Energy and Commerce Committee, led the way by scheduling a Feb. 24 special hearing on the increases.
California Democratic Sens. Barbara Boxer and Dianne Feinstein also weighed in Tuesday, with Boxer urging state Attorney General Jerry Brown to investigate the proposed rate increases and Feinstein asking state Sen. Read full post…
How To Save Money Being Loyal to Your Insurance Company
If you are like a lot of people, you will want to do all you can to reduce the costs of auto insurance. It can really allow you to make better use of any extra money you are able to have due to a savings on auto insurance. There are many ways to help you reduce any and all costs associated with auto insurance, if you just take the time to make it happen.
It’s a great idea when you get insured with an insurance company to be certain to stick with them for a very long time. The longer you are able to maintain your insurance with an insurance company, the more discount you will be able to receive, so this is a time when being loyal can really pay off.
If you want to make certain you are capable of getting the absolute lowest price on auto insurance, you will want to choose a high quality auto insurance company and stick with them a very long time.
How to Calculate Auto or Car Insurance Increase After Accident
Calculate the cost of your car accident insurance claim -You will need to total the expenses the insurance company had to pay for your car accident. If the expense is very low then some car insurers will let you get away without an increase in car insurance at all.
Find out if you the accident was considered your fault (aka “at fault” accidents). Many times the increase in car insurance will depend on how much the accident was your fault.
Insurer State Farm Claims That They Foresaw Toyota Crisis in ‘07
DETROIT – The Toyota recall problem may have been averted much earlier, according to U.S. private insurer State Farm.
In last 2007, State Farm claims that they noticed ‘worrying trends’ of accidents caused by vehicles involving Toyota car models. They said that they informed a U.S.
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Consumer Watchdog and Steve Poizner Behind Battle Against Mercury Insurance
Like many Californians, I was burned by Mercury auto insurance in the 90’s. After my rates went up, despite a “discounted” quote by the agent, I was left wondering what, exactly, I had done. It took me a couple of years, but I eventually went through the headache of swapping carriers.
Now, California’s Insurance Commissioner Steve Poizner has released a well-documented, 275-page report that details some of the, um, indiscretions used by Mercury Insurance that violate Proposition 103, a law enacted in 1988. Ah yes, the 80’s are still coming back to bite us in the ass… Read full post…