• August 13, 2021

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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Why does a company with an insurance agency named Smith & Jones need a separate company for its insurance?

The company that makes the walker, Smith &amps; Jones, also provides the vehicle insurance and has its own independent vehicle appraiser.That means the company is responsible for its own risk assessment.But in this case, Smith& Jones is a separate entity from the insurer, which is also a separate insurer from the company.This may seem like…

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‘Bigger than a hurricane’: Florida insurer to pay $50M to hurricane victims

The insurer of a Florida man who died after his home was flooded has agreed to pay more than $50 million to a family who was killed in the storm.The settlement, reached Thursday, also includes $1 million for loss of life, $10 million to victims of the storm and $10.5 million to the Florida Department…

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Why you shouldn’t be surprised if you have to pay more for insurance

You may think you’ll get away with paying less for your insurance, but it’s not so simple.Here are a few key things to know about how your insurance may affect your total bill.1.Your insurer might increase the amount you pay per month.In most cases, your insurer won’t raise your premium unless it’s clear that it’s…

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Which of these two insurers are the best?

AUSTIN, Texas — With a team on the brink of a playoff berth and the prospect of a second consecutive Super Bowl, one of the country’s most respected insurance companies is making an aggressive bid to acquire the Austin American-Statesman.The Tribune reports that Bloom Insurance Agency, a major Austin insurer, is interested in buying the…

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What’s in your mi insurance policy?

mi insurance company is offering some very affordable insurance quotes online and in person.They’re offering up to 90% discounts on the most common auto insurance policies, and they’ve also got some really great deals on new vehicles, too.Here’s what to look for:For a bit more peace of mind, look for a new car with a…

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When the government stops providing life insurance coverage, it could mean the end of the American dream

It could mean a life of constant stress and anxiety.Or it could be a life with enough savings to buy a car or pay for a vacation.In a world where government can no longer pay for life insurance, it can mean a much different life.But that is exactly what is happening in a handful of…

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How To Get Your First Insurance Plan Now: How To Become A Premier Insurance Agent

The industry has long been plagued by a dearth of talent.That’s why it was so disappointing to hear that more than 1 million people signed up for an online insurance agency in just three months, according to a recent survey by Consumer Reports.But there are a few key steps you can take now to become…

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Midwest Insurance Agency offers mid-priced insurance for ‘hobbyists’

Midwest’s Insurance Agency has launched a product aimed at making its customers feel better.Midwest Insurance, which operates as a subsidiary of the Midwestern Insurance Group, said on Friday it will offer a ‘Hobbyist insurance’ that will cost $20 for a six-month term, but only for the ‘best-in-class’ and premium-paying customers.Midwest said the product will help…

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How to protect your credit score from fraud: A guide to the latest trends

A security guard at a Texas insurance agency was caught by his security camera trying to defraud a victim of a medical expense.The insurance agency is investigating, according to ABC News, and the incident has now been reported to the Federal Trade Commission.The man was recorded telling the woman she was “lucky” because he had…

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