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...
As posted at:

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...

June 9, 2010
Groups Want Reversal on Ruling That Companies Can Continue Illegal Practices Until Someone Gets Hurt SANTA MONICA, Calif., Feb. 20 /PRNewswire-USNewswire/ -- In an extraordinary request made late yesterday, eight public interest organizations asked the California Supreme Court to scrap its recent decision barring consumers from going to court to block unlawful terms in a contract unless the...

April 2, 2010
MOBILE, Ala. (WALA) - If you own a home along the Gulf Coast, you learn to dread hurricane season. You worry about damage to your home and the damage to your wallet caused by ever increasing insurance rates. The problem is getting so bad, some folks are organizing to get something done. The big question is...can anything be done? Charles Hall was born in his home in Fairhope. It's been in his...

April 2, 2010
Insurers are increasingly offering insurance discounts if you already own an environmentally friendly home or car as well as additions to standard policies that cover the costs of going green when renovating after a loss. According to the Insurance Information Institute, as of last December, 22 companies offered 39 products and services specifically aimed at new green buildings or green upgrades...

October 1, 2005
There is a saying among consumer advocates regarding homeowner's insurance: “Use it and lose it.” It is not a phrase that insurance companies are particularly fond of. But it sums up how all too many people feel about their homeowner's insurance: if you decide to make a claim, you are in danger of being dropped. Take the case of Colin and Gabi Baigel of Mamaroneck, N.Y., who had a policy with a...
As posted at: New York Times