• October 10, 2021

How to avoid insurance company overcharges

Insurance companies and some brokers may have been underwriting a high risk of catastrophic injury when they offered consumers low-interest rates on policies, according to a report by a consumer advocacy group.In some cases, the rate was so low that the insurers themselves had to offer their customers a discount to compensate, the Consumers Union…

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Taylor Insures Texans With Homes Insurance

TALLAHASSEE, Fla.– Taylor Insurance Agency said Wednesday it will offer homeowner policies for Texans with homes insurance that cover damage from tornadoes.The Texas Insurance Department said Taylor is the first major insurance company to offer homeowners policies that cover tornadoes insurance coverage.Travis County officials said Tuesday that more than 1,000 homeowners are covered by the…

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How to fix a taylor insurer, which was already in trouble

TALLAHASSEE, Fla.— The Insurance Department has launched an investigation into how Taylor Insurance Agency was already struggling to get insured in Florida after it went bankrupt and laid off nearly all of its employees in December.The company, which is a subsidiary of the private-equity firm Colony Capital, is one of the state’s biggest insurers, covering…

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What you need to know about the insurance industry’s insurance-sector reforms

The insurance industry is the biggest player in Washington.It wields more power than any other industry in America, and it is largely responsible for the federal government’s health care system.So the reforms to the health insurance industry are important.But they are also just the beginning of the insurance reform agenda.There are a few key reforms…

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Michigan’s insurers are getting hammered for their handling of the health care law

An insurance agency is being sued in Michigan after a former employee alleged he was fired because he refused to provide coverage for his son who has cerebral palsy.According to a complaint filed Wednesday in U.S. District Court in Detroit, a former insurance agent at the Midwestern Insurance Agency filed a whistleblower complaint alleging he…

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GOP says Obama will use ‘all options’ if Dems fail to defund ACA

GOP leaders on Thursday said President Barack Obama will invoke his constitutional power to veto any legislation that fails to defund the ACA.The president’s veto power is limited to two-thirds of the Senate, meaning that the GOP can use the filibuster to block a legislative fix that would extend coverage to millions of Americans.The measure…

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When will we see a nationwide insurance mandate?

The next federal government shutdown will likely be the last for several months.Here are three big questions you need to answer.1.What will happen when Congress passes a new budget?There are a lot of ways to spend the $1.1 trillion federal budget next year.The most obvious option would be to pass a spending bill that funds…

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Life insurance company paid $10M in settlement over false claims

Life insurance giant Paychex has agreed to pay $10 million to settle allegations that it was mis-reporting its life insurance policies to insurers and underpaying consumers, the company said in a statement Friday.The settlement is the latest in a string of lawsuits that have accused the company of misleading consumers about its life and disability…

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How to find insurance quotes from insurers in the South

How do you find insurance?With the rise of the Affordable Care Act, there’s a lot more choice and competition than ever before.There’s also an increasing number of insurers that aren’t necessarily known for providing affordable insurance.With that in mind, here are some of the best South Carolina insurance agencies that offer insurance to people in…

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Updated 10:30 p.m. ET | GOP seeks help from CBO on ObamaCare spending

A top Republican on the House Ways and Means Committee wants a CBO report on the health care law’s $872 billion spending and said that GOP leadership “must give us some answers on the issue of ObamaCare premiums” before lawmakers are allowed to vote on the legislation.Speaking on CNN’s “State of the Union” on Sunday,…

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