It may seem like I am Allstate bashing lately, and to a certain extent I am, but only because they manage to make the news so often. (And when they make it, it is usually a doozy!) The latest: Allstate…
Posts Categorized In: Consumer Issues
New Coverages from Lexington: Are they worth it?
My friends over at United Policyholders passed this article on to me. Lexington Insurance, a division of AIG, is going to be offering some additional coverages for its policyholders, including mechanical breakdown for heating and air conditioning systems and identity…
Insurance Commissioner Takes a Stand
I wish it was the California Insurance Commissioner, but alas, it is in Michigan. The Michigan Supreme Court recently ruled that an insurance company can shorten a statute of limitations to file a claim by writing a shorter time limit…
More on Excessive Profits
I wrote over the weekend about Allstate’s excessive profits in Texas and the refund ordered by the Texas Department of Insurance. Not to be outdone, California’s Department of Insurance has announced they are starting an investigation into insurance companies excessive…
A Response to Garamendi’s Charges
Harvey Rosenfield, the Prop 103 author, recently responded to charges made by the Department of Insurance that the insurance companies are trying to blackmail the commissioner. You can read Harvey’s comments here. And, now, I promise to leave politics alone…
Title Insurance: Kickback Scam?
I don’t usually talk about title insurance, but when the chance comes up, why not? After all, a lot of my readers either own a home or will be buying a home at some point in time. So, title insurance…
Insurance Companies Pulling Out Now
After the hurricane season of 2005, many insurance companies are pulling out of the homeowners insurance market. They claim that they cannot handle the amount of losses and that the government should take a bigger role in providing catastrophe insurance…
Free Identity Theft Program
I have written before about insurance companies offering identity theft protection with your insurance policy. However, the programs cost money. Well, I came across a free identity theft program. Jenifer Miller of Green Valley Mortgage, in cooperation with the Solano…
DOI Arrests Broker for Theft
Here is the text of a press release I received today from the Department of Insurance: Insurance Commissioner John Garamendi Announces the Arrest of Former L.A. Insurance Broker for Allegedly Pocketing $381,966 in Liability Insurance Premiums from Clients Former broker…
GEICO To Offer Refunds
GEICO has agreed to settle a lawsuit brought by the Foundation for Taxpayer and Consumer Rights. GEICO will provide refunds of approximately $63 to California customers who were denied a discount because they did not provide proof of insurance when…