January 21, 2008

Corporate Default Risk Soars to Record on Ambac Ratings Cut

Bloomberg - The bond insurance industry guaranteed $100 billion of collateralized debt obligations linked to subprime mortgages, $22 billion of non-prime auto loans and $1.2 trillion of municipal debt. New York-based Merrill Lynch & Co., the world's largest ...

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Posted by Ryan at 10:57 AM

Lost phone key to theft

Baltimore Sun - Of a million auto thefts each year, about 400,000 cars are never recovered, according to the National Insurance Crime Bureau, an organization that tracks insurance fraud and vehicle theft. While many of those cars are dismantled in "chop shops ...

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Posted by Rob at 08:59 AM

January 20, 2008

Seeking tools to calm investor

International Herald Tribune - ... remain concerned that losses could grow if default levels continue to climb not only on mortgages, but also on credit card bills and auto loans. Making matters worse, there is mounting concern about the ability of companies that sell insurance for ...

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Posted by Jason at 09:47 AM

January 19, 2008

BUSINESS Mandatory auto insurance premiums to be cut

TOKYO The government decided Friday to lower premiums for compulsory automobile liability insurance policies in April for the first time in 11 years due to a fall in the number of deaths in traffic

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Posted by Michael at 09:53 AM

January 14, 2008

Know the ins and outs of car insurance before you get in a

Statesville Record & Landmark - Anyone who s trying to save a few dollars by not carrying uninsured motorists coverage liability insurance is fooling themselves, said Irwin, who works as an auto insurance adjuster. In the event you re in an accident with someone who is ...

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Posted by Richard at 12:46 PM

January 13, 2008

8 smart ways to insure your home

MSNBC - Raise your deductible to $1,000 from $250 (15% to 30% savings), purchase your auto insurance from the same company (15%), and keep a claim-free record (5% to 35%). That would save $245 to $560 on a $700-a-year policy. If disaster does strike, make ...

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Posted by Richard at 11:38 AM

January 12, 2008

UAW's small-firm health plan to

Toledo Blade - A multiemployer plan launched by the United Auto Workers to make health insurance premiums more affordable for small factories and offices is being dissolved after more than a half-century. The Toledo Area Industries- UAW plan advised 300 remaining ...

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Posted by Lorren at 09:04 AM

January 11, 2008

Ex-Pima deputy in landmark court

Arizona Daily Star - PHOENIX A former Pima County sheriff's deputy won a landmark Arizona Supreme Court ruling blocking insurers from cutting auto insurance payments to injured people who have received workers' compensation. The ruling against Bloomington, Ill.-based ...

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Posted by Alex at 12:17 PM