Expert Blasts Insurance Practice As Deceptive

 

One insurance expert says the way life insurance companies use retained-asset accounts is atrocious. Insurance expert Jeffrey Stempel offers his insight. » E-Mail This     » Add to Del.icio.us

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  • Life insurance companies boost their bottom lines by holding on to death benefits owed to families of service members and millions of other Americans, an investigation by Bloomberg Markets Magazine found. Cindy Lohman, whose son was killed in Afghanistan, says she feels betrayed by Prudential, his life insurance company.

  • In the health care debate, insurance companies have come under criticism from the Obama administration. The insurance companies say they support changes to health care, though they oppose a so-called public option that would establish government-run insurance to compete with them.» E-Mail This     » Add to Del.icio.us

  • Wildfires are becoming almost a yearly occurrence in California, which has been struck by drought for three years. That's strained the resources of the state's insurance industry and led some insurance companies to seek rate hikes from state regulators. Host Liane Hansen talks to California Insurance Commissioner Steve Poizner about the effect of the Los Angeles County wildfires on homeowners' insurance rates.

  • The cash payouts would be in addition to death benefits that include health insurance, college tuition, life insurance and continued weekly paychecks. The owner of the Upper Big Branch Mine in West Virginia, where 29 people were killed in an explosion April 5, declined to confirm the details of the settlement offers.

  • The secretary of Health and Human Services called recent insurance rate hikes "jaw-dropping." She said she was looking forward to a meeting with insurance executives to talk about them.» E-Mail This     » Add to Del.icio.us

  • Democrats say a health insurance exchange would help provide affordable insurance options by fostering competition to lower costs. In an exchange, people could choose from a variety of insurance providers and a public plan option.» E-Mail This     » Add to Del.icio.us

  • The attorney general's office is investigating whether insurers are profiting off of grieving families by placing funds from life insurance policies into potentially risky accounts that they control. Andrew Cuomo said his office had served subpoenas on Prudential Financial Inc. and MetLife Inc. as part of the probe.

  • A 2009 survey found that insurance companies charged women up to 84 percent more than men for the same health insurance policy. The new health law is set to improve women's access to health care and even up the cost of health insurance.» E-Mail This     » Add to Del.icio.us

  • Next week Health and Human Services Secretary Kathleen Sebelius plans to meet with top health insurance executives for a talk about premiums and how to fix problems with the insurance system.» E-Mail This     » Add to Del.icio.us

  • A Sacramento, Calif.-area insurance company is expanding coverage for medical marijuana businesses to bring more security to the industry. Statewide Insurance Services says it's the first in the country to expand coverage nationwide. » E-Mail This     » Add to Del.icio.us

 
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