February 29, 2008 
This is a continuation of the FAQ sections of this blog.
Q: A big expensive repair need to be done to my house, will my homeowners insurance cover it?
A: Homeowners insurance covers
InsuranceYak.com
Insurance discussion and general information
FAQ - Insurance Home repairs & SR22 coverage
Happy Birthday.. Auto Insurance
Let me put on my party hat and do my best Cliff Clavin voice..
Auto insurance is celebrating it’s 110th birthday. The first policy was sold in 1898 by Traveler’s Insurance to Dr. Truman Martin of Buffalo, N.Y.
Dr. Martin paid $12.95 for a year.
The policy gave Dr. Martin $5,000 in liability coverage - Comp, collision, towing, loss-of-use, Med […]
Auto insurance like health insurance, Why not?
I’ve been following (and commenting) on Lazy Man’s latest stab at solving the health insurance issue. This is a topical discussion with all the presidential candidates discussing Universal Health Coverage (the who’s going to pay for it discussion? not so much). In the comments section, people keep going on about how health insurance should be […]
Progressive to sell auto insurance in Mass.
Progressive Insurance said it plans to begin selling personal auto insurance in Massachusetts starting May 1 if state regulators approve the company’s rate filings. Progressive already sells commercial policies in Massachusetts.
Currently, Progressive sells personal auto policies (PAP) in every state except Mass.
Policies will be available first from the Web then through independent agents.
I wish Progressive luck. Hopefully […]
FUMBLE! Insurers handling of Katrina claims
The Times-Picayune has published the results from a Louisiana market conduct exam outlining the troubles Citizens Property Insurance Corp. (the states third largest insurer) had in paying Katrina claims in 2005. The Louisiana Department of Insurance selected Citizens for an exam because it had the highest ratio of complaints to market-share of any company in […]
Supreme Court declines Katrina Flood case
At issue is the thousands of property owners in New Orleans who did not purchase flood insurance and are suing Travelers, Allstate, State Farm, Unitrin and other insurance companies to cover damage caused by hurricane Katrina.
The U.S. Supreme Court has declined to hear a case brought by New Orleans property owners who argued their Hurricane Katrina […]
Is Your Business Properly Insured?
Ask Your Insurance Agent the Four Most Important Questions.
I.I.I.Provides Tips to Make Sure Your Business is Not Underinsured. From III Press release ( a well written article):
Today, businesses face greater risks than ever before. In addition to such typical risks as theft and fire, there are a host of other risks that are unique to each […]
Agency purchase discussion
Insurance Agency purchase discussion.
Q: - lets say you have an opportunity to pick up an independent insurance agency (that uses a highly recognizable underwriter’s name) that already has a book of business of approx 3500 mixed policies, would this be lucrative? Could you estimate?
A: The opportunity is intriguing; A large or profitable agency is going to […]
State Farm sued for Sham medical reports
Eric Turkewitz on his blog http://www.newyorkpersonalinjuryattorneyblog.com/
is reporting that State Farm, is being sued in the Eastern District of New York, under the Racketeering Influenced Corrupt Organization Act (RICO) by influencing outside examiners.
The long and short of it: State Farm is accused of using Independent Medical Exam (IME) companies that are, let’s say, cooperative with State Farm in their write-ups […]
FAQ - Term vs Whole Life Insurance
Q: What is better Term Life, Whole Life insurance, Universal Life? Which should I get?
A: I’m a big fan of term insurance; big death benefits and small premiums. Since 30% of the US population does not have any life insurance and 1 out of 3 Americans with insurance only have coverage from group life policies, […]
