Insurance Companies

The Bail-out is really necessary or is another Bush Scam?
AIG is failing, but how many other Insurance companies are still financially sound and still functioning? Why couldn’t these companies
couldn’t take over AIG policy owners instead of spending $86 million?

Same for Banks. Wa-Mu and few other banks are failed, but how many
other banks are still financially sound?

What is the percentage of our financial institutions are failing?

Are we a victim of scare tactics? Or this is a real crisis?

Lets not bail out failures but bring them to justice,and help the successful American Businesses!
Please tell me, pro or anti, what do you honestly think?
Ins.Pickle thinks like McCain. Anyone doesn’t fall for scare tacticks doesn’t get it.
How many people uses credit cards to buy groceries?and and up paying for groceries plus the cost of credit cards?
I still don’t get it. Would you use the last $5.00 limit on your credit card to buy a quart of milk, and pour it into a cup with holes under it?

based on your condition,I believe you should find something useful here http://www.InsuranceFreeTip.info .

If you mean National Life of VT, part of the National Life Group, they are A rated by AM Best with a Comdex of 79 out of 100. By "revenue" you could mean different things in accounting language, but you can check out their annual report at https://www.nationallife.com/CorporateInfo/2007AR.pdf

Like, I am already having a health insurance policy and recently got an offer to buy health insurance online from ApolloDKV health insurance. I have checked their plans at www.apollodkv.co.in and found them quite affordable and low cost from what i have got 8 months back. So, Is it okay to switch insurance companies if it is in your best financial interest. Does it affect our planning?

Insurance is the only product people purchase with the hopes of never using it. It makes since to get a low cost product. However, if your paying less, you may not be getting more value for your buck.

I went to the convenice store on the way to work, went in the store got a drink (inside for only 2-3 minutes) went back out car was gone,i left the car running. Will the insurance company cover the car? We have full coverage, i think im on the policy but maybe not and my license is suspended, we also still owe money to the financial company,will insurance cover, and what happens if they dont find the car? And has anyone seen it. HEELLPP WE are also both registered owners of the vehicle. He’s the main one the insurance policy. Does it matter i have a suspended license?

The fact that your licence was suspended would not matter as this claim would be payed under Comprehensive coverage, and Comprehensive coverage deals with all damage which was not caused by an accident. Keep in mind Comprehensive also covers accidents with flying or falling objects as well as collision with animals, so a valid licence would be required if the car was being driven at the time. Since the car was not being driven, my opinion is the the theft would be covered (whether the car was running or not is irrelevant). You will have to check your policy wordings to confirm all of this of course.
HOWEVER, you will have to report this theft to the police, which means they will want to know how it got to the store, so you will have to admit you drove while under suspension, which means get ready for a hefty fine. Plus once this is reported and the insurer discovers all the details, the insurer may decide your licence suspension is a material change in the risk which means a few things may happen: a) the insurer voids the policy, which means the theft claim will not be paid; or b) the company maintains the policy, pays the claim, excludes you from the policy as an operator until your licence is reinstated, and when your licence is reinstated they will then surcharge your rates big time because of your ‘Diving While Licence Suspended’ ticket.
You have two options as far as I see: a) To not report this and hope the vehicle is never recovered, or else the police will come knocking and then you’ll be in a worse situation. Of course this means you will have to continue paying off a vehicle you don’t have, plus you will have to continue paying the insurance for the vehcile as the finance company will want the vehicle insured at all times; or b) Report the theft to the police and your insurer, take the hits for driving while suspended and the increase in your rates and hope your insurer doesn’t void your policy, and doesn’t find some other way of not paying the claim. There is no win-win option for you however.

I have an interview with an insurance/ financial company soon. They advertise a 2 year paid training program, but is there generally a necessary small upfront investment? Also my credit is less then perfect, how much will this affect their decision in hiring me?
I did not apply to this company, they contacted me, should I be on the lookout for some sort of ‘catch or scam’?

first of all- no investment should be required-and no "catch or scam" is indicated here- is the co a national or local co?? i dont know that your credit will/or will not affect your possible hiring- you should be ready with some explanations as to your credit problems, if they ask-short and concise answers, not long winded ones–if they have a 2 yr paid training program- that is excellent- what that usually means is, they subsidize your earnings with extra bonuses and or commissions, to help you as you learn-on a declining basis, over 2 yrs to help you survive while learning and becoming more adept at what you do–the fact that they contacted you-would not be a concern of mine- check the company’s history from A.M.Best, a rater of ins cos. you can find an A.M.Best book, in a library reference section, or online for a small fee..I would look forward to your interview- i was a CPA and was bored by all the paperwork-liked working with people better- went into life insurance and health ins & annuities, and enjoyed it tremendously for 23 yrs- became an LUTCF & later a CFP also.. good luck to you- if i can be of further help- holler back at me- i am retired now…

Since the public option has been dropped by the democrat majority in the house/senate and you will now be forced, under penalty of fine or jail, to purchase a policy from a "private" corporation.

As with every piece of legislation before it, this bill will contain "loop-holes", either directly in the bill or later found and exploited by insurance corporation for their own financial benefit.

Will it be in the millions, billions or trillions?

"Reality has a liberal bias" needs to get a clue. There aren’t enough Republicans in the House or the Senate to force anything. The "Dims" are in total control. It was their inability to convince members of their own party that resulted in the so called public option being dropped. Just like a typical Lib… blame everyone else for your own pathetic failures.

Could you list the name of the insurance company and what they compensate for the victim? Are there any programs that also help victims compensate for their financial loss?

Look. Arson is fire. If you buy fire insurance, and you do not commit the arson, fire is covered. If you don’t buy fire insurance, there’s no coverage. There are thousands of insurance companies that write fire insurance coverage. They compensate the policyholders in accordance with what was purchased.

Regarding PROGRAMS that help arson victims – that’s basically Red Cross, and United Way. Oh, and your friends & family and church family.

Are bond insurance companies regulated by the FDIC?

I’m referring to companies such as MBIA, Ambac Financial Group and such.

Are they regulated by any national banking agency? (Officer of comptroller of currency, state bank regulators, federal reserve and so on.)

If none of the above, then who regulates them?

As any insurance company they are regulated by the State insurance departments of the States in which they operate. Their is no national insurance commissioner as there is no national insurance charter (a much discussed subject in the insurance industry).

Moody’s Investor Services and Standard & Poor’s rate their financial strength but neither organization has regulatory power.

My insurance company seem to think I can replace a perfect 06 silver Panda
Eleganza for £5744. Had my car been two or three weeks older they would have had to replace it for the full market value.
Has anyone had any experience with the financial ombudsman on the subject of car insurance? Has anyone manage to encourage or forced an insurance company to play fair with them? Advise welcome and woof woof th my insurance company.

I have not had experience with an ombudsman.

However, customarily the insurance company quotes you an actual cash value price reflecting depreciation, which is not the same as full market value.

Their actual cash value price may be out of line, and may be worth negotiating. But the fact that it is lower than full market value is not surprising.

i am a person to know more about insurance companies.

LIC India