Archive for the ‘Insurance News’ Category

New Vape Regulations in Massachusetts

Monday, September 21st, 2015

Electronic cigarettes or Vape products have made the headlines in the state of Massachusetts, where anyone under 18-years-old will be barred from buying e-cigs beginning September 25. In addition to the new age limit being implemented statewide, Massachusetts will also require that e-liquid, e-juice and any gels used in electronic cigarettes will have to be sold in child-resistant […]

Cyber/Privacy Update: Federal Date Breach Bill Passes House

Thursday, December 10th, 2009

The U.S. House of Representatives has approved legislation creating a nationwide federal data breach notification law. It will require organizations that maintain personal information to establish a data security policy, identify an information security officer, and have a process for securely destroying data and monitoring for breaches.

Insurance Claims to Rise due to Global Warming

Monday, October 26th, 2009

The United States Congress places measures to curb carbon dioxide pollution, as Global Warming is imminent. An example of this is increase in hurricanes in the Gulf Coast. It is estimated that in the next 100 years, a large part of the Gulf Coast will be under water. Insurance Companies are particularly at risk to […]

Insurance Company: The Hartford Agrees to pay $1.3 million for price fixing!

Friday, October 23rd, 2009

This is the first anti-trust law suit of it’s kind in the re-insurance industry. Attorney General Richard Blumenthol prosecuted the case. He says “the prices of the reinsurance products were inflated by a third or more.

Los Angeles Fires 42% Under Control

Saturday, September 5th, 2009

The Los Angeles fire is 42% under control thanks to the brave firefighters who risked their lives.  Since the fire started it has burned 148,000 acres, 64 homes, 28 out buildings and 4 commercial properties.  It took 5,000 firefighters to combat the flames.  Increased humidity and the slowing winds help firefighters combat the forest fire.  […]

Car Insurance Fraud at its Highest Due to Bad Economy in California

Wednesday, September 2nd, 2009

Financially desperate California residents and scam artists may be committing more automobile insurance fraud to cash in on insurance money.

Chysler to Accept Product Liability Claims from “Old Chrysler”

Tuesday, September 1st, 2009

The Federal Government has received a declaration from the new Chrysler Group stating that product liability claims on vehicles will be honored.  Chrysler was among the U.S. automakers which received tax payers funding. Some say, it’s not fair for tax payers to bail out the auto makers for producing mediocre vehicles.  What would of happened […]

AIG, Former CEO and CFO Agree to Binding Arbitration

Tuesday, September 1st, 2009

The former AIG CEO and CFO have agreed to a binding arbitration.