2008 April | InsuranceYak.com

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Insurance discussion and general information

Avoid filing claims that hurt you

Good article today on MSN about claims that boost your insurance rates. 
I would agree the two homeowner claims that get the most attention from an insurance company are:

Dog bites
Water damage

I would add number three:  Fire claims.   
With all issues, insurers are trying to anticipate future problems.  Did you address what caused the claim to begin […]

Evaluating Long-Term Care Insurance.

Bumped across a interesting blog post on Can I Get Rich on a Salary where G purchased a Long-Term Care Policy through work.  Nothing unusual about that except G is in his thirties.
Now back in my agent days, if someone younger than 50 inquired about a Long-Term Care policy, I told them to ask me again in […]

NY Court says Landlord Liable for Injury to Tenant’s Contractor

New York’s highest court ruled that a Manhattan high-rise owner is liable for injuries to a tenant’s workman, even though the worker was hired without the landlord’s consent and violated the lease agreement calling for ‘written permission’ before work could be done.
The court ruled (5-2) that allowing a lease provision to insulate the owner would “eviscerate the […]

Non standard (E&S) insurance discussion?

Q - What’s the difference between standard insurers & non-standard (E&S) insurers.
Also, you hain’t posted anything new in a dogs age, where you been bro?  - Jumper
Thanks for the question Jumper; where have I been? I work for a small insurance company that sells auto insurance.  For the past month or so,  courts in […]

Agency Links added to InsuranceYak - get yours!

I’ve added an Agency Links section to this site to help promote local independent agencies throughout the US.  If you own or work at an agency, please leave a comment and I’ll add your site to my list. If you’ve never blogged or have the urge to write something without playing “Mother may I ?”  with corporate […]

iMed Where can I buy one?

Growing up a music lover, I’ve marveled over the past 4o years at the technological advancement of music delivery. 

Stereo headphones
Car stereos (FM radio!, 8-tracks, cassettes )
Portable cassette tape players
The Sony Walkman
CD players
Computers & the digital music distribution revolution

There have been hundreds maybe thousands of small advancements culminating in what I consider the most amazing […]

Allstate Florida gets stop order reinstated

In a follow up to an earlier report, the 1st District, Florida district court of appeal has lifted the appeal to the stop order issues by Florida Office of Insurance Regulation (OIR).  Allstate must stop issuing new policies in Florida, but must continue to service existing policies.  Allstate can lift the stop order by producing documents […]

Cavalcade of Risk #49 coming April 9th

Early Retirementblogger Jacob hosts next week’s edition of the Cavalcade of Risk. Submissions are due by Monday the 7th, and will be up and out on the 9th. Visit InsureBlog for more details about submitting your own post.

Paulson’s blueprint doomed from the start

Included in the Treasury Department’s financial regulatory reform package is a interesting proposal:  An optional federal charter (OFC) for insurance companies.
What’s the big deal?  State regulators have traditionally had oversight duties dealing with insurance companies, while the Fed has been in charge of the insurance programs no one wants to oversee: Too costly?  (National Flood  Insurance) Too burdensome? […]

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