A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of America says that it uncovered a Geico underwriting …
Despite Hurricane Katrina’s devastation, a new survey says that most Americans are not very concerned about buying flood insurance for their homes. Only 14 percent of Americans say they have purchased flood insurance for their primary residence, according to the …
A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of America says that it uncovered a Geico underwriting …
When San Francisco resident Charlie Bott got an offer in the mail recently for earthquake insurance, he stared long and hard at the bottom line. Then he threw it away. “It was way beyond anything you pay for house insurance. …
Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the expectations of agents as well as the …
An earthen dam on Hawaii’s island of Kauai burst without warning on March 14. Three people have been confirmed dead, and four remain missing at press time, after two houses were swept away and the island’s main coastal highway was …
Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance Information Institute, posed that question at the recent Chartered Property Casualty Underwriters Society …
Utah Insurance Commissioner Kent Michie has appointed two new directors, created a new division and combined two other divisions. “The main thrust of these changes has been to create a new Market Conduct Division,” reported Commissioner Michie. “This follows the …
Darien, Ill.-based Insure.com has released its second-annual report naming the “Top 10 Least Expensive Autos to Insure” for 2006, along with its companion report, “The Top 10 Most Expensive Autos To Insure.” The top 10 least expensive vehicles for 2006, …
A recent survey conducted by California Small Business, San Francisco, found that most small businesses are still very concerned about workers’ compensation. In the survey, 83 percent of the respondents consider workers’ compensation a top or high priority issue for …
