News

23 March 2012

Allstate and Geico Turn Back the Clock in Newsweek's 'Mad Men' Issue

Insurance Step, Posted in News

Allstate and Geico Turn Back the Clock in Newsweek's 'Mad Men' Issue

Newsweek has gone a bit "Mad" this week with an experimental issue that takes every page of magazine, including the ads, back to 1965. The cover story of the issue features the return of the hit TV show "Mad Men," about a 60's era ad agency in New York.

23 March 2012

Uninsured Rate Climbs as Health Care Debate Rages in Washington

Insurance Step, Posted in News

Uninsured Rate Climbs as Health Care Debate Rages in Washington

Today marks the two year anniversary of "Obamacare," the controversial Affordable Care Act signed into law by President Obama. The stakes for the legislation have never been higher. Presidential hopeful Mitt Romney is using the occasion to blast the law in an USA Today op-ed. The Supreme Court on Monday will hear oral arguments on the law's constitutionality. Their eventual rulings and the election year drama will have a big impact on how Americans receive care. Americans are divided on the health care law, with 47% approving of the legislation and 45% disapproving.

23 March 2012

Traffic Fatality Rate Falls to Lowest Level Since 1949

Staff Report, Posted in News

Traffic Fatality Rate Falls to Lowest Level Since 1949

Our roads are getting safer according to a recent report by the U.S. Department of Transportation. In 2010, 32,885 people died in motor vehicle crashes, down 2.9 percent from 2009 to the lowest level since 1949. Industry experts say safer vehicles, increased seatbelt usage, and DUI prevention and education are big reasons why. According to the census bureau, we are getting into the same number of accidents, just fewer of those accidents are resulting in death.

23 March 2012

New York State Senate Gets Tough on Auto Insurance Fraud

Staff Report, Posted in News

New York State Senate Gets Tough on Auto Insurance Fraud
 
The New York State Senate acted today by passing three bills aimed at combating auto insurance fraud in the state. The problem of fraud in the state has been highlighted by a recent, highly-publicized incident in which federal agents and NYPD detectives arrested dozens of suspects allegedly involved in a $279 million scheme. Among the 36 people charged were 10 doctors and three attorneys. 

23 March 2012

Proposed Arizona Auto Insurance Legislation Doesn't Get Out of Committee

Staff Report, Posted in News

Proposed Arizona Auto Insurance Legislation Doesn't Get Out of Committee

A bill that would have impounded vehicles for 30 days if the driver did not have valid insurance was voted down by Arizona's House Appropriations Committee on Thursday. The legislation, sponsored by Rep. John Kavanagh, R-Fountain Hills, would have required police to impound uninsured vehicles on the spot, impacting up to 500,000 Arizona drivers.

23 March 2012

Rate Hikes in Nine States Deemed Excessive by Health and Human Services

Staff Report, Posted in News

Rate Hikes in Nine States Deemed Excessive by Health and Human Services

Health and Human Services director Secretary Kathleen Sebelius has deemed health insurance premium hikes in nine states to be "unreasonable." The information came from the rate review authority granted to the agency by the controversial "Obama Care" health care legislation.

22 March 2012

Insurance News Roundup: Hartford Exits Annuities

Staff Report, Posted in News

Insurance News Roundup: Hartford Exits Annuities

Insurance industry stories for Thursday, March 22, from around the web:

  • Hartford has decided to get out of its annuity business so it can focus on its property and casualty insurance, group benefits, and mutual funds. The announcement comes a little over a month after hedge fund manager John Paulson urged the company to spin off its property and casualty insurance business, saying that it could boost Hartford's value to shareholders by 40 to 60 percent.

22 March 2012

Nationwide Offers Tips on Prepping Your House for Spring Storms

Jason Arango, Posted in News

Nationwide Offers Tips on Prepping Your House for Spring Storms

Next week is Spring Severe Weather Awareness Week in the state of Ohio, and Nationwide Insurance is urging people to take action and protect their homes from potential spring storms. 2012 has already been a terrible year for storms and April is typically one of the worst months. In preparation for the possibility of catastrophic weather events, Nationwide Insurance has issued some tips on how to prepare your home for spring storms.