Let’s face it: no one likes to think about insurance or the reasons why we may need it. No one wants to ponder bad things happen to their properties or worse, their family members. But insurance is important. It can give you peace of mind when things are good, and help you recover from the…
GEICO Apologizes, Cancels Event Featuring Pro-Palestinian Activist After Backlash From Jewish Groups
GEICO has cancelled and apologized for a diversity event set to feature pro-Palestine, anti-Israel activist Linda Sarsour, saying that the auto insurance company “does not condone hatred.” “We apologize to our employees, customers, and others for our initial plan to invite Linda Sarsour to speak at our internal event celebrating Middle Eastern and North African…
AD&D Insurance? No, Thank You
Dear Dave, My wife and I both work, and we’ve been looking at level term life insurance policies. A friend says it would be a good idea for us to have accidental death and dismemberment insurance, too. Do you agree? —Aiden Dear Aiden, You both definitely need good level term life insurance policies. Stick with…
Flood Victims Warned About Insurance ‘Claim Farmers’: State Minister
Queenslanders reeling from deadly flooding have been warned to be wary of “claim farmers” who often show up following disasters to assist with insurance claims. Claim farmers present themselves as firms offering “claims management services” and act as a middleman between claimants and their insurance company for a fee. The warning comes as severe flooding…
This Day In Market History: Warren Buffett Enters The Insurance Business
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Feb. 22, 1967, famed Berkshire Hathaway Inc. CEO Warren Buffett invested $8.4 million in National Indemnity Company and National Fire and Marine Insurance Company. Where The Market Was The S&P 500 was trading at 87.34…
GM Set to Launch Behavior-Based US Driver Insurance in Q1: Executive
General Motors Co aims to launch an algorithm-based auto insurance plan by the end of the first quarter in some U.S. states that charges policyholders based on their driving performance, a company executive said in an interview. The automaker’s OnStar subsidiary has asked for regulatory approval of the new data-based insurance plan in Arizona, Illinois…
JPMorgan Wins Appeal Against Insurers Over Bear Stearns Settlement
NEW YORK—New York’s highest court ruled on Tuesday that JPMorgan Chase & Co is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear Stearns Cos over improper mutual fund trading. Reversing a lower court ruling, the Court of Appeals ruled 6-1 that the $140 million…
SC Attorney Alex Murdaugh Denied Bond on $3 Million Theft Charges
COLUMBIA, S.C.—A judge denied bond Tuesday for a prominent South Carolina attorney who has become embroiled in two multimillion-dollar insurance fraud cases months after he found his wife and son dead in their home. The judge said Alex Murdaugh’s considerable financial resources and mental instability appear for now to make it too risky to allow…
New Rule Forces Washington Residents With Good Credit to Pay More for Insurance
Washington residents with good credit scores are facing sticker shock when their car or home insurance comes up for renewal. Rates are increasing because Washington Insurance Commissioner Mike Kreidler has banned insurance companies from using credit scores in setting rates. The policy went into effect in late June. Since most insurance policies are sold on…
Many Canadians Not Aware of True Cost of Health Care: Report
Many Canadians do not know the true cost of the country’s public health system, a new report says, noting health care in Canada is not “free” but paid for through the tax system. This knowledge gap is partly because Canadians don’t see the bills for the medical services they use, and partly because there is no…
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