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Chester, UK, February 24, 2011 (Insurance Headlines) February 25, 2011– Consumers with high interest-bearing debts can find relief by consolidating their balances to MBNA?s exclusive online credit card and enjoy a lower long-term rate.

The MBNA Rate for Life credit card offers a promotional rate of 5.9% and a low handling fee of 1.5% on all balance transfers and money transfers made within the first 60 days of opening an account, and Read the rest of this entry »

WASHINGTON/PRNewswire-USNewswire/ — New government data released today demonstrate the continued, urgent need for more Americans to have access to drug and alcohol addiction treatment, according to an analysis by the Closing the Addiction Treatment Gap (CATG) initiative. If implemented properly, federal health care reform legislation could help remove financial barriers to treatment for millions of Americans.

According to Read the rest of this entry »

BURLINGTON, Vt.—A forthcoming Government Accountability Office report could spur Congress to act on legislation that would make it more difficult for state regulators to illegally interfere with risk retention groups domiciled outside their borders, an attorney for an RRG trade association says.

U.S. Reps. Dennis Moore, D-Kan.; Suzanne Kosmas, D-Fla.; and John Campbell, R-Calif., last month requested that Congress’ investigative arm analyze Read the rest of this entry »

California?s Insurance Commissioner said next month he will take regulatory steps against insurers with investments in firms with Iranian connections that could lower their capital and surplus levels.

The move by Commissioner Steve Poizner, which could possibly hurt company financial-strength ratings, came as surprise to an insurers group, which stressed that no insurers have broken any state or federal laws and none have any direct Read the rest of this entry »

A New York independent agent?s group said it is moving ahead with a lawsuit to block the state?s insurance department from implementing new agent and broker compensation disclosure regulations.

The Independent Insurance Agents & Brokers of New York said it planned to go to court to keep the New York Insurance Department from implementing rules published today in the State Register.

Those regulations would require insurance agents Read the rest of this entry »

Twenty percent of agents and brokers in a reader poll said they are considering using social networking for marketing, but less than 25 percent currently employ it, according to an exclusive American Agent & Broker survey.

Published in AA&B?s December issue on Internet marketing, the unscientific survey suggests that although agents may still be holding back from full involvement in social media, interest is strong in reaching customers Read the rest of this entry »

LOS ANGELES?A California court has ruled that a commercial general liability insurance policy’s products and completed operations hazards exclusion applies to a bus company’s work that allegedly led to a fatality occurring off its premise.

Insurers and plaintiffs attorneys filed amicus briefs in the case of Tayarie Trayshaun Baker vs. National Interstate Insurance Co. et al. The case stems from an April 2001 bus collision that Read the rest of this entry »

Commercial insurers wondering what they need to do to attract and hang on to their customers got an earful from the 411 buyers responding to open-ended questions about what they want from their carriers, as part of the first Risk Manager Choice Awards survey, conducted by the Flaspöhler Research Group in partnership with National Underwriter.

Forty-five percent of risk managers surveyed said their relationships with insurers are ?improving,? Read the rest of this entry »

For the first time in five years, overall consumer satisfaction with homeowners insurance has increased significantly, driven by favorable customer perceptions of the value of their policies, according to the J.D. Power and Associates 2009 National Homeowners Insurance Study released today.

Customer perception of price, policy offerings and billing and payment factors improved substantially over 2008. In particular, satisfaction with price Read the rest of this entry »

Parents beware: Giving in to teens’ demands for their own cars can have dangerous consequences, new research suggests.

Teenagers with their own cars or free use of one are much more likely to get in crashes than those who share a car. And crashes are much less common among teens whose parents set clear driving safety rules.

The findings are in two studies by researchers at Children’s Hospital of Philadelphia and funded by State Farm Read the rest of this entry »