Posts Tagged ‘insurance industry’

  • No, no one has ever filed a lawsuit after using a lawn mower as a hedge trimmer–yet the story keeps being told Wednesday, May 30, 2012 � by jg

    Almost 35 years after the insurance industry first pointed to it as an example of “frivolous lawsuits” — only to have the story shown to be bogus — an insurance company executive once again trots out this urban myth.

  • California drivers aren’t getting what they think they’re paying for in underinsured motorist coverage Thursday, May 26, 2011 � by jg

    Orange County Register OC Watchdog: A bill, opposed by the insurance industry, that would change that was derailed in the state Assembly Insurance Committee, where the chairman has seen his contributions from the insurance industry rise dramatically since he was named to the position.

  • While injured Californians face damage caps, medical malpractice insurers have record surpluses Thursday, September 23, 2010 � by jg

    California doctors are complaining their medical malpractice insurance premiums are too high? It’s not because injured Californians seek compensation for their injuries. It’s because medical malpractice insurance companies haven’t lowered premiums anywhere near as quickly as their claims payments have dropped.

  • Farmers Insurance accused of not paying L.A. fire claims Wednesday, August 18, 2010 � by jg

    Associated Press: A class action suit has been filed, accusing Farmers Group Inc. of refusing to pay claims by more than 1,000 homeowners stemming from a major fire near Los Angeles last summer.

  • State insurance regulators warn consumers about “retained-asset accounts” Monday, August 16, 2010 � by jg

    Bloomberg: The National Association of Insurance Commissioners tells consumers they may be better off taking the death benefit payments they are entitled to rather than letting insurance companies hold onto the money.

  • Insurance companies find way to invest benefit money even after policyholders die Wednesday, July 28, 2010 � by jg

    Bloomberg Markets reporter David Evans offers thorough details, after a six-month investigation, of how some insurance companies hold onto the death benefit unless requested by the beneficiary — even though the beneficiary is entitled to the entire amount right away — and those companies continue to earn interest on the benefit money until it is paid out. (UPDATE 7-29-10: New York attorney general begins investigation.)

  • Dave Jones goes for the pet vote Wednesday, July 21, 2010 � by scott

    Dave Jones tries to corner the pet-owners’ vote in the California Insurance Commissioners race.