June 9, 2010
Insurance Commissioner Poizner Secures Close to $46 Million in Additional Coverage for AIG Customers Who Suffered Losses in Sylmar Wildfire Survivors to receive an average $100,000 to $125,000 in Additional Coverage Insurance Commissioner Steve Poizner today announced that the California Department of Insurance (CDI) has secured between $37 million and $46 million in additional coverage from AIG...

June 9, 2010
SYLMAR - Oakridge resident Joanne Nadeau, who lost her mobile home in November's Sayre Fire, can now rebuild thanks to additional money secured by the state's Department of Insurance. Instead of getting $165,000 from her AIG insurance policy, Nadeau will receive nearly $300,000. "Now I can rest and have some peace of mind," said Nadeau, 61. "... And start designing my home without having to worry...

June 9, 2010
The California Department of Insurance (CDI) has secured between $37 million and $46 million in additional coverage from AIG for Sayre Fire survivors in Sylmar. Commissioner Poizner was joined by Los Angeles City Councilmember Richard Alarcón; Amy Bach, executive director of United Policyholders and a Sayre wildfire survivor and AIG policyholder who, until this agreement was reached, was unable...

June 9, 2010
Mobile home owners whose properties were destroyed by the 2008 Sayre Fire and who were insured by AIG will receive as much as an extra $125,000 from their policy under an agreement announced today by the state insurance commissioner. The Sylmar-area fire destroyed 485 mobile homes, 370 of which were insured by American International Group Inc. Those policies included a stipulation that home...
As posted at:

June 9, 2010
Outstanding! The settlement reached this week by the California Department of Insurance and AIG provides additional insurance coverage to Sylmar wildfire survivors who lost their homes in the Oakridge Mobile Home Park last November. News reports say the CDI/AIG settlement amount is reportedly between $37 million and $46 million in extra coverage, meaning the 370 AIG policyholders who lost their...
As posted at:

June 9, 2010
Survivors to receive an average $100,000 to $125,000 in Additional Coverage Insurance Commissioner Steve Poizner today announced that the California Department of Insurance (CDI) hassecured between $37 million and $46 million in additional coverage from AIG for Sayre Fire survivors in Sylmar.Commissioner Poizner was joined by Los Angeles City Councilmember Richard Alarcón; Amy Bach,...

June 9, 2010
Here are my favorite Internet destinations that deal with money. All are worth bookmarking. But I'd like your help in discovering other cool sites. I love stumbling across insanely useful new Web sites. I've highlighted some in my columns and blog posts, but there always seem to be more great destinations that don't get their due. Until now. I've rounded up the 100 sites that I think are the...
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June 9, 2010
Some of the nation's insurance consumer advocates are wary of current proposals for federal regulation of insurance being passed around in Washington. They prefer taking their chances with an imperfect state regulatory system over what they fear would likely emerge from Congress under any federal regulatory plan. Birny Birnbaum, executive director for the Center for Economic Justice, said his...
As posted at: Insurance Journal

June 9, 2010
Reporting from Sacramento -- A state legislative committee overseeing the insurance industry has hired a former lawyer for State Farm as a top advisor, alarming consumer activists who say the move is the latest spin of a busy revolving door between government and the industry. The appointment was made this week by state Sen. Ron Calderon (D-Montebello), who named Ken Cooley as one of two...

June 9, 2010
Keith Brannon has been living a minimalist's life since Hurricane Katrina. Like many New Orleanians, Brannon dragged the entire contents of his house to the curb when his Broadmoor-Fontainebleau area home flooded and moldered in the storm. He has replaced only the bare essentials. "We don't have that much furniture because we're still finishing up the house," he said. "We have no junk." So when...