August 29, 2011
Insurance Commissioner Dave Jones, joined by Amy Bach, Executive Director of United Policyholders, announced on Monday a series of new homeowners regulations aimed at enhancing the standards and training for estimating the replacement value on homeowners' insurance in the event of a disaster. These new regulations also represent a concerted effort to significantly curb the common problem of...

August 29, 2011
The workshop will provide tips and emotional support for those still struggling to recover from the Sept. 9 pipeline explosion. As the anniversary of the Sept. 9 pipeline explosion approaches, nonprofit United Policyholders wants to make sure survivors of the fire get all their legal questions answered. The organization will be holding a workshop at 6 p.m. Friday at the San Bruno Resource and...

August 26, 2011
On the heels of an earthquake felt from New England to the Carolina, the East Coast is bracing for Hurricane Irene, which could be a major Category 4 storm with winds upwards of 130 mph. That could mean billions of dollars in property damage that further push up insurance premiums. Hurricane Irene will be only one of many catastrophes this year to slam insurance-company reserves. The recent...

August 23, 2011
Debbie Saathoff, 62, of Bowie, Md., says she heard a giant cracking sound first. Then the pictures flew off the walls and vases on shelves came tumbling down and smashed as her home moved back and forth. "It was the scariest thing I have been through," she said hours after a rare earthquake rattled the Eastern Seaboard Tuesday. "I've never felt one before." Fairly strong earthquakes in two areas...

August 23, 2011
Electricians, cosmetologists and real estate agents all need to complete months of training and exams before becoming certified in their career fields. Surprisingly, insurance agents can become certified to sell policies after just 40 hours of training. As a result, some insurance professionals may not have a firm grasp of the products they’re selling or the contracts signed by their customers....
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August 22, 2011
MOBILE, Alabama -- Larry Kidd was getting a little frustrated. His neighbors in Santuck were already making repairs after a tornado hit the Elmore County hamlet on April 27. Kidd was still haggling with Allstate Corp. over how much money he would get to fix the roof, siding, windows and other parts of his 1,900-square-foot home. "We were not getting any response back," Kidd said, explaining that...

August 22, 2011
BOULDER COUNTY - On Labor Day morning almost a year ago, Bruce Honeyman was simply reading the paper. About 10 that morning, Honeyman, the chief of the Sunshine Fire Protection District got a call for mutual aid. "[I] came around the corner and saw that it was out of control," Honeyman said. Not even 15 years with the volunteer fire department could prepare him for what he saw. "The fire was...

August 10, 2011
Regulations Would Require Companies To Reveal Costs To Replace Homes After Disaster SAN DIEGO -- Despite a lawsuit trying to stop it, state Insurance Commissioner Dave Jones implemented new regulations requiring insurance companies to reveal the true and complete costs to homeowner who want to replace their home after a disaster, like a wildfire. "In the 2007 wildfire, many homeowners found out...

July 26, 2011
Not being able to afford car insurance so you can legally drive to job interviews is a burden for unemployed residents of most states. And without a job, it’s hard to come up with the money for car insurance. In Michigan, state Sen. Virgil Smith is trying to solve that problem through legislation he introduced in June that would provide cheap, stripped-down car insurance to Detroit drivers who...
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July 21, 2011
Across tornado-affected areas of Alabama, thousands of property owners are grappling with insurers about how much money they are owed to rebuild. Already, nearly 500 people have contacted the state Insurance Department. State regulators now expect around 90,000 claims because of April’s storms, and even if the industry resolves 98 percent of them, there could be close to 2,000 disputes. Many...