Life Insurance Quote Overview

The California Department of Insurance (CDI) is warning California consumers not to purchase health insurance offered by Prime Med Care or Prime Star Health Care. The department said that the companies and their owners, Jesse and Joe Casares of Houston, Texas, are not licensed to sell insurance in California.

The state of New York is suing a leading financial services company on charges that it orchestrated a broad scheme to defraud owners of life insurance.

International insurance group AIG, which claims to be the world leader in property & casualty and life insurance, recently had to notify over 930,000 of its customers of another kind of risk -- the possibility of identity theft after a file server containing sensitive personal data was stolen.

A former Washington state insurance agent has agreed to settle charges that he deceptively marketed in-home care services to senior citizens.

An employee of health insurance giant Aetna lost a laptop containing data on 38,000 customers, the company said.

There are 13.7 million young adults who lack health insurance in the United States, an increase of 2.5 million from 2000, a new Commonwealth Fund report reveals.

With a more active Atlantic hurricane season expected by forecasters this year, consumers in some areas may notice a rise in insurance premiums. In Massachusetts, state Attorney General Tom Reilly charges those rates may not be justified.

New York Attorney General Eliot Spitzer and The Hartford Financial Services Group have reached an agreement resolving Spitzer's investigation of fraud in the sale of group annuities.

California Insurance Commissioner John Garamendi says the insurance industry has launched a campaign of "political blackmail" against him, as part of its campaign to detail Garamendi's revised auto insurance pricing program, intended to reward good drivers and create a fairer system for the pricing of auto insurance.

An employee of health insurance giant Aetna lost a laptop containing data on 38,000 customers, the company said.

Health insurance is nearing monopoly status in most markets, driving up the cost of insurance, reducing innovation in health care and squeezing doctors and hospitals, an American Medical Association (AMA) report finds.

The California Department of Insurance (CDI) has begun legal proceedings against The Hartford Insurance Group alleging that the company charged illegal fees.

Many Lower-Income, Minority Consumers Pay Higher Prices

Charging that Geico unfairly discriminates against lower-income and minority consumers, the Consumer Federation of America (CFA) is calling on state insurance regulators to ban the use of rate-making methods that directly base eligibility and premiums solely on the educational background and occupation of consumers.

Property insurance rates have increased sharply in the wake of Hurricanes Katrina, Rita and Wilma, according to a survey by the Risk and Insurance Management Society (RIMS).

Consumers Who Are Driving Less May Qualify for Insurance Discounts

Consumers who are driving less as a result of higher gasoline prices could save an average of five to ten percent -- about $47 to $94 -- on their automobile insurance rates, according to an analysis released by the Consumer Federation of America (CFA).

In official documents filed with state regulators and in statements to public officials, medical malpractice insurance companies consistently inflated the amount they estimated they would pay out in claims, according to a study released by the nonprofit Foundation for Taxpayer and Consumer Rights (FTCR).

A minor earthquake hit a small town in southern Illinois, jangling the nerves of insurance companies still reeling from Hurricanes Katrina and Rita. A major fault line runs through the Midwest and experts disagree about whether a major earthquake is likely there.

Hurricane Katrina, her stormy siblings, the recent Texas/Oklahoma brush fires and other natural disasters have sent the insurance industry scrambling for resources to pay claims in 2005. Consumers should expect premiums to remain high and claims difficult in 2006.

Consumer Advocates Hail Decision Implementing Prop 103

Consumer advocates hailed California Insurance Commissioner John Garamendi's announcement that he will issue regulations requiring insurance companies to set premiums based on how a motorist drives, not where he lives.

Hurricanes Katrina and Rita wrecked much of the Gulf Coast and may have also done permanent damage to the insurance business, a report from Standard & Poor's suggests. Whether homeowners and businesses in the region will be able to buy insurance in the future is in doubt.