December 30, 2008
Top 10 Fatal Cities for Teen Drivers on New Year's
December 30, 2008 | By: Gina | Comments (0) | Posted in: Industry News
We all know that teen drivers lack experience behind the wheel. But according to a recent survey by Allstate Insurance Company, there are some cities where New Year's Eve and New Year's Day can become even more deadly for these new drivers.
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NU Online News Service: 2008 Is 3rd Highest Loss Year
December 30, 2008 | By: administrator | Comments (0) | Posted in: Industry News
NU Online News Service: According to Munich Re, 2008 was the third most expensive year for insurers on record in terms of catastrophes. The Munich, Germany-based reinsurance carrier said a large number of tropical cyclones and the earthquake in Sichuan, China, made the year one of the most devastating on record. This was despite the fact that the number of loss-producing events dropped by 210--from 960 in 2007 to 750 this year.
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December 22, 2008
Gas Prices Fall to 5-Year Low in Time for the Holidays
December 22, 2008 | By: Gina | Comments (1) | Posted in: Industry News
According to a survey by industry analyst Trilby Lundberg, the average price of gas fell 9 cents in the past 2 weeks, bringing the price to its lowest point in 5 years.
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December 15, 2008
Cell Phones Distract Drivers More Than Passengers
December 15, 2008 | By: Gina | Comments (0) | Posted in: Industry News
A study released earlier this month by University of Utah psychologists has shown that drivers are much more distracted by talking on a cell phone than by talking with passengers. Frank Drews, David Strayer and Monisha Pasupathi found that when drivers talk on a cell phone, even hands-free cell phones, they drift out of their lanes and miss exits more frequently than drivers talking with a passenger.
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December 8, 2008
High Price of Heating Oil and Ways to Cut Costs
December 8, 2008 | By: Gina | Comments (0) | Posted in: Industry News
When oil prices skyrocketed this past summer, many people predicted a tough and expensive winter for people who rely on heating oil to heat their homes. The fear was that prices could go as high as $6 a gallon in the winter! Because of this fear many homeowners locked in rates in July. But now with oil prices dipping to 4-year lows, homeowners who locked in $4.00 a gallon prices are paying as much as double the actual value.
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December 1, 2008
Venice Sees Highest Flood Waters in 20 Years
December 1, 2008 | By: Gina | Comments (0) | Posted in: Industry News
The City of Water, Venice, Italy, is seeing its highest flood waters in over 20 years. The so called 'acqua alta' (high water) reached 5 feet above normal this weekend. Nearly all of Venice has been flooded, including popular tourist spots such as the famous Piazza San Marco. The city's mayor, Massimo Cacciari, has warned tourists not to come to Venice, and has warned residents to stay in their homes.
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November 13, 2008
Oil Prices Drop to 20-Month Low
November 13, 2008 | By: Robert | Comments (0) | Posted in: Industry News
Oil prices hit a 20-month low this week. As of Wednesday, crude oil prices were just under $56 a barrel, down 60% from its summer peak. According to FuelEconomy.gov, the national average for a gallon of gas is $2.22.
Barack Obama's Health Care Plan and the American Citizen
November 13, 2008 | By: Gina | Comments (1) | Posted in: Industry News
With the presidential election finally behind us, we now need to figure out how the change of power will affect typical Americans. An issue that was a major point in the election is health care reform and health insurance. According to President-elect Barack Obama's campaign Web site, Obama's Health Insurance Plan has many changes in store.
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November 3, 2008
Election Day 2008 PSA
November 3, 2008 | By: Matt | Comments (0) | Posted in: Industry News
Tomorrow is the big day for Senators Barack Obama and John McCain. While I will not tell you who I am going to vote for, I will say I will be casting my ballot tomorrow morning. Here at InsWeb, we have looked at the differences between the two Presidential candidates in terms of there policies, and what kind of cars they drive.
October 29, 2008
Gas Prices Fall to 3-Year Low
October 29, 2008 | By: Robert | Comments (0) | Posted in: Industry News
Gas prices have fallen to a 3-year low, according to data collected by the AAA. The national average for a gallon of gas is now $2.58 a gallon.
October 23, 2008
Antilock Brakes Reduce Motorcycle Deaths By 38%
October 23, 2008 | By: Robert | Comments (2) | Posted in: Industry News
Motorcycles equipped with antilock brakes are 38 percent less likely to be involved in a fatal auto accident, according to a report by the Insurance Institute for Highway Safety.
The study also found that antilock brakes (commonly referred to as ABS) reduced motorcycle insurance losses by 21 percent.
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October 9, 2008
Fire Prevention Week
October 9, 2008 | By: Gina | Comments (0) | Posted in: Industry News
Today is the 137th anniversary of the Great Chicago Fire of 1871. The Great Fire destroyed more than 17,400 structures, left over 100,000 people homeless, and killed more than 250 people. Because of this great fire, the week of October 9th is remembered as Fire Prevention Week, and is the best time to think about home fire safety.
October 6, 2008
The Personal Umbrella Policy: An Invaluable Component of Your Insurance Portfolio
October 6, 2008 | By: Guest Writer | Comments (0) | Posted in: Industry News
As the old adage goes, "You do not have to be a billionaire to be sued like one." The fact is, a single lawsuit, even if you win, can end up costing hundreds of thousands of dollars and sometimes in excess of a million dollars. In today's society, more people file lawsuits for more money than ever before.
October 2, 2008
Teen Driving Age Controversy Raises Questions
October 2, 2008 | By: Gina | Comments (3) | Posted in: Industry News
In September, the Insurance Institute for Highway Safety (IIHS) recommended increasing the minimum driving age from 16 to 17 or 18 based on the results of a study that compared the number of 16 year-old drivers involved in fatal crashes in New Jersey and Connecticut. While protecting teen drivers is something we can all get behind, many are asking if raising the driving age really the best way.
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September 29, 2008
Piracy Insurance?
September 29, 2008 | By: Gina | Comments (0) | Posted in: Industry News
It looks like the real life of Captain Jack Sparrow isn't quite as glamorous as we may have thought. Real life pirates have increased their activity in the Gulf of Aden, the ocean between Somalia and Yemen, causing the costs to insure shipping and goods to increase. Highlighting this increase in activity, a ship carrying 33 Russian tanks and ammunition was seized by pirates last week. The pirates are demanding a $20 million ransom for the cargo and crew--even with the destroyer USS Howard, a U.S. submarine and various other naval vessels, and the Russian warship Neustrashimy (Intreped) anchored nearby.
September 25, 2008
California Becomes 6th State to Ban Texting While Driving
September 25, 2008 | By: Gina | Comments (0) | Posted in: Industry News
Wednesday, California Governor Arnold Schwarzenegger singed a bill banning texting while driving. The bill, SB 28, bans the use of electronic wireless communications devices to write, send, or read a text-based communication while driving a motor vehicle.
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September 17, 2008
$85 Billion Government Loan Staves Off AIG Bankruptcy
September 17, 2008 | By: Robert | Comments (1) | Posted in: Industry News
The Federal Reserve Bank announced on Tuesday an $85 billion loan to protect American Insurance Group Inc from financial collapse.
In exchange for an 80% stake in the insurance giant, the loan will stave off the biggest corporate bankruptcy in history. Experts predict AIG's failure would have thrown global financial markets into turmoil.
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September 12, 2008
As Hurricane Ike Nears, Gas Prices Rise
September 12, 2008 | By: Robert | Comments (2) | Posted in: Industry News
The National Weather Service has warned residents on the Texas coast that they "face certain death" if they fail to evacuate before Hurricane Ike makes landfall.
Ike's eye is projected to strike Galveston, Texas, as a Category 3 hurricane late Friday or early Saturday.
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September 5, 2008
Storm Season: Hannah, Ike and Josephine Threaten the U.S.
September 5, 2008 | By: Robert | Comments (0) | Posted in: Industry News
In the wake of Hurricane Gustav, a trio of storms is threatening to batter areas on the East Coast and Gulf of Mexico.
Tropical Storm Hannah, which has already killed over 130 people in Haiti, is headed toward the East Coast and is set to make landfall in the Carolinas early Saturday.
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August 29, 2008
Hurricane Gustav Threatens Gulf Coast, Causes Higher Gas Prices
August 29, 2008 | By: Gina | Comments (0) | Posted in: Industry News
On the anniversary of Hurricane Katrina, the Gulf Coast region is gearing up for Hurricane Gustav. The National Hurricane Center says that this storm is expected to become a "major hurricane." At 2:00pm EST today, then tropical storm Gustav had sustained winds of 70 mph with gusts even higher. Predictions show Gustav making landfall around 8 am Tuesday, Sept. 2nd in Louisiana, though it could hit anywhere from the Florida panhandle to eastern Texas. These predictions led to a rise in the price of crude oil, which translates into higher gas prices at the pumps.
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August 27, 2008
Protecting Your Savings and Investments
August 27, 2008 | By: Guest Writer | Comments (0) | Posted in: Industry News
In the wake of turbulence in the financial markets, many people are reviewing the legal protections available for assets held by banks, credit unions, and securities dealers. Here are some of the protections available.
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August 22, 2008
Hurricane Insurance--They Ain't Kiddin'
August 22, 2008 | By: Gina | Comments (0) | Posted in: Industry News
Florida Insurance Commissioner Kevin McCarty issued a reminder Thursday to Floridians that the hurricane deductibles of their homeowners insurance policies do not apply to the damage of Tropical Storm Fay. With devastating winds and torrential rains, Fay has made landfall in Florida three times and has been blamed for 5 deaths in Florida.
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November 19, 2007
Life Insurance Prices Expected to Continue Dropping Through 2008
November 19, 2007 | By: Matt | Comments (0) | Posted in: Industry News
The end of 2007 is a good time to evaluate your life insurance needs. Maybe you started a family in 2007; or got married, divorced, or retired? As your life changes, so do your life insurance needs. Evaluating your life insurance needs can help you find the coverage that is right for you. Another good reason to evaluate your life insurance needs is that life insurance rates are expected to drop in 2008.
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