Insurance Feed

Most state insurance commissioners fail to prevent windfall profits by auto insurers due to fewer pandemic claims

State insurance commissioners are failing to prevent windfall auto insurer profits as auto claims dropped when driving and auto crashes declined due to the coronavirus pandemic, the Consumer Federation of America and the Center for Economic Justice said. Read more →

Estate Planning 3-2-1 – Part 1: Three key lists to keep with your estate plan

An estate plan is meant to make life easier for the people you love. You make it for yourself – so you maintain control over your medical decisions and the way your assets are distributed, to protect the legacy you’ve built – but really, it’s about the people you love. Read more →

Auto insurance companies continue to overcharge consumers even though fewer claims are being filed due to the pandemic

The reduction in my auto insurance premiums that I’ve received from State Farm due to the pandemic is way too low. When I wrote about this topic in April, it looked like State Farm would be stepping up and doing a good job on the refunds. Read more →

State Farm gets an ‘A’ and GEICO a ‘D-‘ on report card of refunds or credits for driving less due to the coronavirus pandemic

Companies that sell more than 82 percent of the auto insurance in the U.S. have announced that they’ll be refunding or crediting drivers more than $6.5 billion over the next two months. The payments are due to the insurers’ savings from fewer auto insurance claims. Read more →

What you should do if you’re traveling during the coronavirus outbreak

The coronavirus outbreak that started in Wuhan, China, has spread to at least 25 other countries. It has killed at least 425 people, and infected more than 20,500 in China. Among the countries with cases of the coronavirus are Australia, Cambodia, Canada, France, Japan, Singapore, South Korea, the United States, and Vietnam. Read more →

Proposed model annuity regulation benefits industry, not consumers, consumer groups say

State insurance regulators on the National Association of Insurance Commissioners’ Life Insurance and Annuities Committee should reject a proposed industry friendly, anti-consumer annuity model regulation. They should create a true “best interest” standard of care. Read more →

Bloggers get ready for Halloween

As Halloween approaches and it gets colder and colder, bloggers are bundling up, raking leaves, and getting ready to hand out candy. And they’re writing about family possessions, inspiration, Medicare Advantage plans, online dating, a historic battlefield, and a spooky dream. Read more →

Don’t be pressured into buying or switching to a Medicare Advantage plan during open enrollment

It’s that time of year again. Advertisements for Medicare Advantage plans are flooding my mailbox and email. I’m even getting phone calls about the plans. And, every time I turn on the TV, there’s another ad about Medicare advantage, with infomercials to be tolerated, too. Read more →

Facts and figures for Labor Day 2019

Facts and figures for Labor Day 2019 include 1894 was the year Congress officially made the first Monday in September a federal holiday and 35 percent of the work force belonged to unions in the 1950s compared to 10.5 percent in 2018. Read more →

CVS-Aetna merger harmful to patients, consumer advocates tell the judge

Photo: JJBers CVS-Aetna lawyers, consumer advocates, and health care organizations gathered Thursday in Washington, D.C., for oral arguments on whether the Department of Justice’s proposed final judgment in the CVS-Aetna merger is in the public interest. U.S. Public Interest Research Group, which filed a friend of the court brief with... Read more →