A federal court in California recently denied AMCO’s request to enter judgment in its favor and dismiss a policyholder’s allegations of bad-faith in the handling of a business income loss claim. In A-1 Transmission Automotive Technology, Inc. v. AMCO Insurance Company, No. 10-8496, 2012 WL 1534466 (C.D.Cal., April 27, 2012), the Plaintiff’s auto garage location sustained a substantial. AMCO commenced a claim investigation a $25,000 advance to compensate for business personal property. The g
Insurance Info Store
Insurance… What it does and how it works?
Most Workers Lack Disability Insurance, Survey Finds
Two-thirds of Americans who work in the private sector lack disability insurance, even though most workers say missing work for three months or more because of sickness or injury would cause “financial hardship,” a new survey finds.
The survey was conducted for the Consumer Federation of America, a nonprofit coalition of consumer groups that supports expansion of employer-provided disability insurance, and Unum, which sells disability and other types of employer-provided insurance.
The Opinion Research Corporation polled nearly 1,200 adult workers by telephone in late March and early April. The Read more…
May 05, 2012
Is it cheaper to have all cars on one policy?
Question: Is it cheaper to have all cars in the household on one policy? Is it cheaper to have the husband listed as the first insured on any household auto insurance policy?
Answer: Yes, normally it is cheaper to have all cars in a household listed on one policy, and it doesn’t matter if the husband or wife is listed as the first named insured on the policy.
If all members of the household drive each car, even on the rare occasions, it’s usually easiest and cheapest to place all the vehicles on one policy because with separate policies all licensed household members would still need to be listed and rated.
When you have more than one vehicle on a policy, you get a multi-car discount, which can be up to 25% off most of your car insurance coverages.
Apr 15, 2012
10 Deceptive Travel Scams Around the World
Travel cons have been around ever since people headed down the road to see new places here are just a few we’ve recently heard reports on.
1. The Grabby Cabby
We’re all familiar with cab drivers who take the long way around, but what about cabbies who tell you that your hotel has burned down and offers to take you to another (where they collect a commission)? Or this scam: you pay the cab driver and hop out only to notice one of your bags has just sped off with the cab driver!
The solution: Confirm your reservations yourself so you can’t be fooled, and pay attention during your cab driver transactions: count the bags carefully, and check to be sure you haven’t left anything on the seat. Only af
Apr 10, 2012
Insurance Company Changes Payment Philosophy: Adjuster Changes License
When the insurance company’s claims payment philosophy changed, George Keys did not. “I honestly never thought I would leave the employment of the insurance company.” This is the first thing George Keys said when asked about his work with policyholders.
For over thirty years, George W. Keys, Jr., SPPA, has dedicated his professional life to being a voice for policyholders in property insurance claims. Today, Mr. Keys works as a public insurance adjuster, appraiser, and umpire, but it is his interesting background that impacts how he views and handles insurance claims when he is adjusting a claim or working on an appraisal.
Starting in 1978 as an adjuster trainee for Commercial Union Insurance Company, Keys was trained by the insurance company. He wa
Apr 01, 2012
Supreme Court appears poised to nullify entire healthcare law
WASHINGTON — The Supreme Court, after three days of arguments on President Obama’s healthcare overhaul, appeared ready to strike down not just the requirement that individuals have insurance, but the entire law, invalidating a major piece of domestic legislation for the first time since the Depression.
That prospect, unthinkable to many experts as recently as last week, will not be certain until the justices rule on the case, probably in June.
But the electric set of arguments that ended Wednesday revealed profound skepticism about the law by the court’s five-member conservative majority, which appeared openly hostile to its scheme for mobilizing the federal government to achieve universal healthcare.
In question after question the nine justices revealed themselves as sharply divided as Congress and the American public over the virtues of Obama’s law.
But unlike Congress — whose slim Democratic majority allowed passage of the law in 2010 — the court has a narrow majority of Republican appointees. If un Read more…
Mar 26, 2012
Recent Comments