INSURANCE INVESTMENT LOSSES = LOWER CLAIMS SETTLEMENTS
The insurance industry has seen a double 'whammy' in 2008: a huge decline in sales of insurance products (due to the decline in sales of autos and houses) along with double digit declines in the value of their investment portfolios. For property/casualty insurers (like auto and homeowners insuranc...
Read More posted by: on: Dec 29, 2009 @ 02:03
Warning: the Car that Hits You Is Probably Not Insured
The Insurance Reasearch Council has estimated that by next year nearly one in six motorists in this country may be driving without insurance.
As the recession leaves millions of workers unemployed and pressures family budgets, many families are cutting the "luxury" of car insurance. Big Mistake....
Read More posted by: on: Dec 29, 2009 @ 02:01
$16.3 Million Judgment against Allstate for Bad Faith
On July 29, 2008, the Missouri Court of Appeals affirmed a judgment in favor of an insured and upheld a $16.3 million award against Allstate Insurance. The court concluded that Allstate was liable for bad faith refusal to settle a claim. The Johnsons were struck head-on by a drunk driver in a pick u...
Read More posted by: on: Dec 29, 2009 @ 01:50
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