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Survey Finds Discontent with Managed-Care Plans PDF Print E-mail

A survey finds only 64 percent of respondents were "completely satisfied" or "very satisfied" with their managed-care health plan. The survey was conducted by Consumer Reports magazine for a September story, "Weighing your health plan choices," which helps consumers choose a plan that's right for them.

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Massachusetts Reviews Long Term Care Insurance Marketing PDF Print E-mail

Massachusetts Attorney General Tom Reilly today asked insurers to provide information about their marketing and sale of long-term care insurance -- an important financial tool more and more consumers use to protect family assets during their later years in life -- as part of an initiative to protect consumers, mainly seniors, from deceptive sales practices.

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Terrorism Insurance Act Expiring as Congress Debates PDF Print E-mail
Bush Wants Private Market to Replace Government Guarantees

After the terrorist attacks on September 11th, the government passed legislation designed to partially insure cities and businesses from losses caused by future acts of terrorism.

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KB Home to Pay $2 Million for Violating Home Warranty Agreement PDF Print E-mail
Homebuilder Will Also Extend Some Homeowners' Warranties

KB Home, a California homebuilder formerly known as Kaufman and Broad, Inc., will pay a $2 million civil penalty and will be required to extend home warranty coverage for an additional year for some homeowners.

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Study Warns Health Insurance Bill Gives Green Light To Conmen PDF Print E-mail
Association Health Plan Legislation"A License to Steal," Georgetown Study Warns

Congress is currently considering legislation to create federal association health plans (AHP) that would allow small businesses to purchase health insurance for their employees as a group. But a study by the Georgetown University Health Policy Institute warns the benefit to small businesses would be more than offset by the worsening problem of health insurance scams.

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Acura Integra Is Most-Stolen Car in America PDF Print E-mail

One of every 200 registered 1999 Acura Integras was stolen last year, making it the most stolen car in America. Integras from model years 1995 through 1998 took four of the other top 9 positions on the list. The 1994, 2000 and 2001 Integra models also make the top 20 list. The list ranks vehicles by the percentage of registered vehicles stolen, rather than by gross number of thefts.

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Dennis Threatens Gulf Coast PDF Print E-mail

Tropical Storm Dennis, building quickly to hurricane status, at last report was on a path toward the Florida panhandle coastal residents along the Gulf of Mexico should remain on guard, as the storm poses a danger to the entire coastal area.

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Overweight Americans Weigh Down Insurance System PDF Print E-mail

Americans' battle of the bulge is also becoming a weighty problem for the nation's health care system. Not only are more Americans showing signs of obesity, health care professionals claim the cost of treating obesity-related ailments has risen 1000 percent over a 15-year period.

 

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Global Healings Ordered to Pay Restitution to Florida Consumers PDF Print E-mail
Company Claimed Its Bond Eliminated the Need for Insurance

Attorney General Charlie Crist's office has won a lawsuit against a Washington State-based company that sold fraudulent bonds purporting to eliminate the need for standard insurance coverage, a false claim that cost 425 Florida victims $300 per person, for a total loss of $127,500.

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Hurricane Season Is Time to Review Insurance Coverage PDF Print E-mail

For homeowners in the Southeast, now is the time to review insurance coverage, as hurricane season gets underway. For homeowners in California, it's always time to think about landslide insurance.

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Ohio Sues AIG Ex-CEO Greenberg PDF Print E-mail

Ohio Attorney General Jim Petro has filed suit against former American International Group Inc. CEO Maurice R. "Hank" Greenberg and his wife, Corinne P. Greenberg. The suit puts a hold on the transfer of more than 41 million shares of AIG common stock Greenberg transferred to his wife as a "gift" two days before he stepped down as CEO.

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New York Sues AIG PDF Print E-mail
NY Suit Cites "Pattern of Fraud" at Nation's Largest Business Insurer

New York Attorney General Eliot Spitzer has filed a lawsuit against AIG, the nation's largest business insurance company, alleging that the firm manipulated its books to deceive regulators and the investing public.

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Insurers Defend Use of Credit Scores PDF Print E-mail

Insurance companies are scrambling to justify their use of credit histories, claiming in testimony to the Federal Trade Commission that the practice saves consumers money.

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West Virginia Sues Acordia, Charges Insurance Steering PDF Print E-mail

West Virginia Attorney General Darrell McGraw has filed suit against Acordia of West Virginia, Inc. and its parent, Acordia, Inc., alleging the companies received millions of dollars in hidden "contingent commissions" paid to them by insurance companies for steering business their way.

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Disability Insurance: A Broken Promise PDF Print E-mail

With major corporations slashing or withdrawing health care benefits from salary packages, cutting pension benefits and practicing blatant age discrimination when searching for employees, it's a tough time to be an employee, even if you're healthy. For those who have suffered injuries or become disabled, the consequences can be catastrophic.

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Chicago Insurance Broker Settles Kickback Probe for $27 Million PDF Print E-mail

Illinois insurance brokerage giant Arthur J. Gallagher & Co. will pay $27 million to settle charges that it accepted millions of dollars from insurance companies in exchange for steering clients toward those favored companies.

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Nationwide Insurance To Make Restitution PDF Print E-mail

Nationwide Life Insurance will pay $650,000 in consumer restitution and consumer aid and will change its sales practices to resolve allegations that the company deceived consumers into buying policies beyond their financial means. The agreement stems from a settlement with Massachusetts Attorney General Tom Reilly.

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Congress Set to Gut State Insurance Protections, Groups Charge PDF Print E-mail

As the House Financial Services Committee prepares to mark-up insurance deregulation legislation, more than three dozen of the nation's leading consumer, civil rights, community and labor organizations have sharply criticized the proposal for sweeping away important consumer protections.

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Report Finds No Link Between Doctors' Premiums and Malpractice Suits PDF Print E-mail

A new report finds no link between doctors' rising insurance premiums and medical malpractice lawsuits filed by injured patients.

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North Dakota Limits Use of Black Boxes By Insurers PDF Print E-mail

North Dakota has put some limits on insurance companies making your car testify against you. The legislature decided that insurance companies will be barred from using data from a vehicle's "black box" to set drivers' premiums.

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