Category: Insurance
Some Life Insurers Playing Games With Benefits
Attorney General Richard Blumenthal urged regulatory action by the state Department of Insurance (DOI) to stop misleading and deceptive practices by life insurance providers that may have deprived families — including military families — of potential benefit income. Blumenthal cited recent reports that insurers are failing to make prompt full payment to beneficiaries on life [...]
Life Settlements Are The Wild West Of Insurance Industry
Some members of the life settlement industry — buying life insurance policies from others — scolded CtWatchdog contributor Dave Lieber for referring to their products as “death bets” or “death contracts.” But they are a bet on death. The industry is highly troubled as players in the industry continue to face fraud charges from state and federal regulators.
Health Insurance Legislation Has Some Lesser-Known Cost-Reduction Features
While it will take years before we know all the intended and unintended consequences of the historic health legislation, there are two provisions I have read about that I like. The reason I like them is that they are likely to reduce health costs – the critical part of keeping insurance and medical care affordable [...]
Household Net Worth Rises As Consumers Default On Mortgages And Credit Card Debts
This isn’t exactly wonderful news, but makes for a positive headline: HOUSEHOLD NET WORTH RISES The reason that our total net worth – assets minus liabilities – increased in the last quarter by 1.3 percent to $54.18 trillion is because more people dumped debt by allowing banks to foreclose on their homes as well as [...]
Blumenthal Accuses Anthem Of ‘Straitjacketing’ Hospitals, Doctors
Attorney General Richard Blumenthal called on the president of Anthem Blue Cross and Blue Shield (Anthem) to abandon contractual clauses that are restraining and straitjacketing Connecticut hospitals and doctors and severely constraining the state’s Charter Oak Health Plan for the uninsured.
Blumenthal is conducting an ongoing antitrust investigation into Anthem’s use of “Most Favored Nation” (MFN) clauses in its contracts with hospitals and other health care providers.
Car Insurance: Your Credit Score Matters
Guess which has more impact on your auto insurance rates: your driving or your credit record? Those of you who understand these types of trick questions know that you go for counterintuitive answer. And you would be right. Its your credit record that counts more. Doesn’t seem fair, but those fun-loving insurance number crunchers have [...]
Credit CARD act Phase One in effect now
The first phase of the Credit Card Act takes effect today. Lowcards.com summarizes the act’s provisions.
Advertisements
