The Consumer Federation of America is alleging that GEICO uses occupation and income in setting rates. This, according to CFA, results in low income or blue collar workers paying more for insurance than people with education or graduate students. (This…
Posts Categorized In: Insurance Operations
How do the insurance companies resolve disputes?
If you are an in accident with property damage only, how do the insurance companies determine who is at fault if you both blame the other person? Each insurance company will pay for the damage to its insured’s car, assuming…
Zurich to pay fine for price fixing
Zurich Insurance is paying $171 million dollars to settle charges of bid rigging and price fixing. The settlement effects 9 states, including California. The money will be refunded to policyholders after court approval. According to Massachusetts Attorney General Tom Reilly:…
Marsh Sued in Florida
In what should come as a surprise to no one, the Florida Attorney General has sued Marsh and McLennan for bid rigging. You may recall that NY Attorney General Spitzer previously sued Marsh and settled for $850 million. California recently…
AB 1852 – Bad for consumers
Assemblyman Leland Yee of San Francisco has introduced AB 1852 in the State Assembly. This bill would create a state board to certify generic crash parts as being the same as factory parts. Basically, a crash part is the part…
Insurance for a salvaged car?
If you owned a car with a salvaged title, can you get insurance? Probably not. Why not? The insurance companies are required to put the car back into the position it was in prior to the accident. If the car…
Your Personal Injury Attorney and Technology
There is an interesting article about the use of technology in trial. Basically, the article points out that personal injury attorneys are making use of technology and defense firms are not. Why? Primarily because the insurance companies are too cheap…
Low Cost Auto Insurance Expanding
The Department of Insurance is expanding California’s low cost auto insurance program to Sacramento, San Joaquin and Contra Costa counties. This is good news for everyone. First, those people who are driving without insurance get a chance to get low…
Avoid Global Healings Society
The California Department of Insurance has issued a cease and desist order to Global Healings Society. Basically, they are telling these people to stop selling their services in California. Global Healings may be selling insurance. They claim they are not….
Wyoming Insurers Want to Avoid 3rd Party Bad Faith
Wyoming insurers are lobbying against a bill that would allow 3rd party bad faith cases. Basically, the idea is that if the insurance company for the other person does not pay your claim timely and fairly, you can then sue…