The Oroville Mercury Register ran an interesting article today. The PBS stations in Northern California (check local listings in other areas) are running a show called the Golden Road. It provides tips for older drivers. From 21st Century Insurance and…
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Auto Insurance Pricing
Reading through Goggle groups again, I came across a post from a person who wants to switch insurance companies but is afraid that he will get a higher price at renewal. Do insurance companies bait and switch to get you…
How does your insurance agent get paid?
I have been asked in the past how the insurance agent gets paid. The easy answer: commission. Most insurance agents, whether they work for a captive company like State Farm or an independent agency or a broker, get paid a…
Confusing Insurance – Example 1
Some people may wonder why I post about insurance at all. After all, everyone has it for a car or their house. It cant be that complicated, can it? Well, read this post on a Google group. Its from an…
Mandatory Auto Insurance
As you probably know from now, I am not the biggest fan of how the insurance companies operate. However, after reading this thread from a Google group, I have to say that some people just dont get it at all….
Mandatory Insurance for all Homeowners?
I read an interesting article today from a newspaper in Pennsylvania. The Times-Tribune editorial suggests that the Federal Government should require catastrophe insurance for all homeowners in “harms way.” The argument is that this will help reduce costs when the…
Use it and lose it
Use it and lose it – its the name of the phenomenon associated with homeowners insurance. File a claim and you get cancelled. Yes, in some states, including California, if you have an insurance claim, you may get cancelled, especially…
Auto Insurance Fraud Revisited
Google is nice enough to email me news updates every day. Today’s update came with a story about auto fraud in San Bernardino county. Nice county. Good university. Bad story. Let me preface this with third comments. First, I believe…
Insurance Companies avoid paying on Bad Faith
Marc Mayerson wrote an excellent piece for his blog, InsuranceScrawl. Basically, he points out that insurance companies are receiving favored treatment from the courts when they act in bad faith. After a US Supreme Court Case, State Farm v. Campbell,…
Auto Insurance Fraud
The insurance companies like to tell you how they are investigating fraud. And, boy, are they investigating it. If you have a questionable claim, they come after you. (I admit it – I used to go after questionable claims hard….