Archive | May, 2012

Financial reform effort gains Senate momentum

WASHINGTON—The next few weeks could be
critical ones for regulatory reform of the financial services industry,
some insurance market observers say.
But many believe that some
version of the Restoring American Financial Stability Act of 2010, which
passed the Senate Banking, Housing and Urban Affairs Committee last
week on a 13-10 …

Insurer Customer Service Great Via Phone, Lacking Online

While insurers have certainly ramped up their online offerings and focused on Web customer experience in the past few years in an effort to broaden access to their products and grow consumer appeal, it appears their customers still feel as though they’re better serviced through more traditional channels. A …

Apps to curb texting while driving have tough task

Cars use lights, bells and buzzers to remind
drivers to fasten their seat belts as they start their engines.
It would seem natural, then, to offer motorists friendly, yet stern
warnings about another bad habit: holding a cell phone while driving,
whether for texting or talking.
Several software and gadget companies — …

Infant Denied Health Insurance May Get Coverage

Texas Newborn Denied Insurance Because of Pre-Existing Condition May Get Insurance Blue Cross Blue Shield of Texas announced Sunday that it has “proposed a solution” to the family of a newborn child who was denied health insurance coverage Houston Tracy was 10-days-old when Blue Cross Blue Shield denied …

Men or Women: Who Pays Less for Auto Insurance?

DALLAS–(BUSINESS WIRE)–Which is the better driver? Some say, “Men have a natural skill,” or “Women are terrible at parking.” Others say men have a need for speed while women are more cautious drivers. Government statistics reveal the truth ” women and men have the same accident involvement rates per …

Health Care Reform: What you need to know in the first year

With President Barack Obama due to sign the last piece of a sweeping new health care law today, many of us are still scratching our heads. What just happened? How and when will we start feeling its effect? In the long term, the legislation will require most Americans to …

GAINSCO Reports 4th Quarter and Year 2009 Results

DALLAS, March 30 /PRNewswire-FirstCall/ — GAINSCO, INC. (NYSE Amex: GAN) today announced net income for the fourth quarter 2009 of $0.2 million, or $0.05 per common share, basic and diluted. Net inco…

Capitol Insurance posts net income of $10.1 million for 2009

Mar. 30–Capitol Insurance Cos. of Middleton had net income of $10.1 million in 2009 on gross premium revenue of $172 million, producing a “strong financial position” despite “unprecedented” economic …

Motorists denied insurance without driving histories

Mar. 30–AMMAN — Several insurance firms have refused to provide motorists with auto insurance policies, demanding that rates be linked to driving histories. Jordan Insurance Federation President Jaw…

The ‘individual mandate’ an intrusion on civil society

For the first time in American history, the federal government has decided that every man, woman and child must do more than simply mind their own business. Upon the threat of fine, each American now …