Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. …
Editor’s Note: The following commentary originally was addressed to the New York Times in response to a published opinion expressed by Allstate CEO Tom Wilson advocating federal regulation of insurance. In a contributed column that ran in the New York …
As America’s economy slogs through this once-in-a-generation recession, stressed-out consumers are literally being driven to desperation. Growing numbers of drivers are illegally dumping their vehicles for insurance money. Blackened hulks are turning up in remote deserts outside of Las Vegas, …
Today’s technology leaders face challenging times in unprecedented circumstances. Many of the risk factors that topped the list of greatest concerns for tech companies — foreign competition, intellectual property infringement, development of new products and services and talent attraction and …
Agencies Must Stop Money Wasting Financial Leaks The economy is in the tank and so is the stock market. Thousands are unemployed and many people do not know where to turn. No one is setting up charities for insurance agents …
In today’s tough economy and prolonged soft market, some insurance firms are likely to get into financial trouble. Smaller wholesalers and managing general agencies (MGA) may be at risk. Their ability to stay afloat with working capital could be a …
Many Americans have taken steps to reduce personal insurance costs in response to the economic downturn, but a new industry study suggests that maintaining essential auto and homeowners coverage remains a priority for the most consumers. Twenty-eight percent of those …
Warren Buffett criticized the government’s stress tests of 19 large U.S. banks, and said he would buy more shares of three big banks in the portfolio of his Berkshire Hathaway Inc. Buffett also told reporters on Sunday that Berkshire, which …
Being a big insurer will cost Berkshire Hathaway Inc. dearly when severe catastrophes strike, but it is a good place to be in the midst of an economic downturn, Chairman Warren Buffett said. “We are lucky,” said Buffett, as he …
Garden State residents might soon pay more to ride a motorcycle, attend driver improvement classes and get copies of boating paperwork from the state. New Jersey’s Motor Vehicle Commission has proposed dozens of fee hikes. The agency says current fee …
