InsuranceYak.comGuest post by Aaron C. Pinkston of Council Financial a Financial planning firm in Cary NC.
Long term care is a topic on the front of a growing number of Americans. You may be thinking about your own future and livelihood or about an aging parent when you think of long term care, but chances are […]
Here’s a question insurance agents hear week in and week out..can you sell me SR22 insurance? I’m here to clear up some of the confusion concerning the SR22 and what states require to keep people driving legally.
An SR22 is a document, produced by an insurance company, required as proof of financial responsibility […]
On Wednesday the House or Representatives passed H.R. 3959, requiring buyers of residential homes costing $600,000 or more to pay phased-in, actuarial flood insurance prices. This step will help toward shoring up the National Flood Insurance Program (NFIP) without widespread premium increases. The bipartisan bill, introduced by Rep. Scott Garrett (R-N.J.) and House Financial Services Committee Chairman Barney Frank (D-Mass.), […]
Q: Can someone get a life insurance policy on me without my knowledge?
A: Anything under the sun is possible. In order to get a life insurance policy issued, a person should have:
1. An insurable interest in the insured (you’re financially impacted if someone dies)
2. A need for the insurance $$ amount requested (no $5 […]
The “Economic Stimulus Plan” being fast tracked by Congress and the President.
The following is a email I recently sent to my Congressmen Pat Tiberi and my Senators George Voinovich and Sherrod Brown. In the links section of this blog, you’ll find the paths needed to email you own Congressman or Senators. I’d encourage all readers […]
A glass-eating gypsy, a teacher who faked cancer, and an insurance agent who killed the homeless are among the top insurance swindlers of 2007. These convicted thieves were inducted into the Insurance Fraud Hall of Shame by the Coalition Against Insurance Fraud. An $80-billion-a-year crime, insurance fraud has grown more violent and invasive in recent […]
Q - My Father died and we can’t find his life insurance policies anywhere. My Mother died years ago and paperwork had been misplaced. Any way to track down a life insurance policy?
A - Unfortunately, insurance policies are considered private transactions between an insured and the insurer. There is no single repository of life insurance policies that […]
Allstate Florida got a court order lifting the suspension issued by the Florida Office of Insurance Regulation. Florida OIR has ten days to show why the suspension should be reinstated.
In a written statement, Allstate said, “The ruling allows Allstate’s more than 1,100 Florida agents and their employees to continue to create jobs and serve their […]
The February issue of Consumer Reports, the magazine has a cover story which lists 12 costly common money mistakes people usually make. Surprisingly enough, one of the top 5 issues was insurance related:
#4. Underinsuring your home
Potential loss of income: $16,000 to $194,000
How : You could lose if your home is underinsured and disasters happen. It […]
In a follow up to yesterday’s blog post Allstate has responded to the suspension of authority to write new business in Florida:
From the Allstate Media newsroom:
“Allstate is committed to working diligently with the Office of Insurance Regulation (OIR) to create solutions and ensure there is a healthy insurance market for Florida consumers.
We were surprised at […]
January 31, 2008 
