What To Do If Your Car Catches Fire

Jan 23, 2012 Posted Under: Online Insurance Quotes

You’re driving down the freeway. Suddenly you see blacksmoke and flames shooting out from under the hood of your car. Insurance probably isn’t the biggest thing on your mind at that moment, so we’ll save
that for last. First, let’s look at what you should do when your car catches fire while you’re driving.

Car fires are fairly common. The U.S. Fire Administration (USFA) says one in every four fire department responses is to a vehicle fire. They also say the leading cause of car fires is mechanical or design problems. Electrical wiring and fuel igniting materials feed the flames and make car fires worse. Surprisin

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The kids are back at school. Now’s the time to find a holiday bargain.

Jan 20, 2012 Posted Under: Life Insurance News

Let’s not beat around the bush. The summer has been pretty disappointing weather-wise. So you could be forgiven if you’ve been harbouring desires to jet-off in search of a little late-summer sun to top up the tan before the winter arrives. What’s great is that doing just that needn’t break the bank. In fact, it’s a great time to scoop a holiday bargain.

Bring on the bargains. Where to find the cheapest holidays.

The key to finding a really great holiday bargain is to book at the last minute (not literally, of course). During the summer, when demand for hotels and flights is high, there is less need for retailers to drop their prices. But as th

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Identity Theft Insurance

Jan 12, 2012 Posted Under: Insurance Posts

Most realize that the risk of identity theft does exists and one must take steps to protect it. Identity theft insurance is now available and although it will not prevent one from being a victim, it will help one recover from the many losses associated with being an identity theft victim.

Is 80 the New 65?

Jan 7, 2012 Posted Under: Online Insurance Quotes

The real question is whether 80 is the new 65 by choice or by circumstance. Wells Fargo Bank surveyed a group of Americans from age 20 to 70 who earned between $25,000 and $100,000 asking questions about retirement, savings and Social Security and came up with some interesting information.

Three-fourths of those surveyed said they expect to work in their retirement years. One quarter said they will need to work until at least age 80 to live comfortably in retirement, and you can be assured that this is not by choice. Given the choice, they would retire as soon as possible.

Almost half (47%) of respondents said that they are planning to continue in the same job or a job of similar responsibility.

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Generali Deutschland selects Conning’s GEMS Portfolio Analyzer

Jan 6, 2012 Posted Under: Life Insurance News

Germany’s Generali Deutschland insurance group has signed a multi-year license agreement to use Conning’s GEMS Portfolio Analyzer to support the development and control of its investment strategy.

GEMS Portfolio Analyzer integrates Conning’s economic scenario generator GEMS with investment and management decision modules.

Generali Deutschland will use GEMS Portfolio Analyzer to model a complete extendable range of asset classes, including Pfandbriefe and provide clients with capabilities to model multiple investment portfolios and dynamic asset allocation strategies as well as variable annuity hedging, pension management strategies and risk attribution.

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Citizens’ Miscalculation Costs Policyholders

Jan 5, 2012 Posted Under: Insurance Posts

Recently, a great deal has been written regarding Citizens Property Insurance Corporation’s replacement cost value (RCV) calculation methodology. It seems that, in some cases, Citizens is grossly overestimating the cost to replace a home following a disaster. Consumer advocates decry this practice as nothing more than a backdoor rate increase following the denial of Citizens’ proposed 2000% rate increase a few short months ago. Predictably, insurance industry backers have called these increases necessary and appropriate.

While it is true that under the standard ISO homeowners policy homes must be insured to at least 80% of their value to avoid penalty, the current estimations seem unreasonable.

An article recently published in the Tampa Tribune cited such a case:

Joe Freitas thought $109,000 was a good deal on his new home. His

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Insurance companies back NTSB’s call for driver texting, cellphone ban

Jan 1, 2012 Posted Under: Insurance Posts

An insurance industry trade group, representing about 300 insurers, says it supports the National Transportation Safety Boards call for a ban on texting and using cellphones while driving.

Leigh Ann Pusey, president and CEO of the American Insurance Association (AIA), said in a statement that the group supports the NTSBs recommendation for a nationwide ban on the non-emergency use of personal electronic devices (PEDs), including cell phones and text messaging devices, while driving.

“When you consider that driving is the most dangerous daily activity for the typical American, few issues are more important than our actions behind the wheel,” Pusey said. Dis

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