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American Insurance Blog

All You Ever Wanted to Know About Insurance

April Weather Claims Exceed $4B

Five separate severe weather outbreaks in April will result in combined insured losses in excess of $4 billion, according to Aon Benfield report. The first outbreak, from April 3-5, triggered around 1,500 storm reports...

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Supreme Court Blocks Class-Action Lawsuits

A divided Supreme Court, ruled on a 5-4 split decision along ideological lines, that corporations can enforce arbitration clauses to block dissatisfied customers from bring class-action lawsuits. Consumer rights...

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Was Your Accident “Staged”?

Organized Scams Defraud Consumers and Insurers Alike, Costing Billions of Dollars Annually If you have been involved in an auto accident that just didn't feel right, it might not have been an accident at all. More and...

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Electric Cars Earn 1st Top Safety Ratings

The Chevrolet Volt and Nissan Leaf earn the highest safety ratings from the Insurance Institute for Highway Safety in the first-ever U.S. crash test evaluations of plug-in electric cars. The milestone demonstrates that...

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Feds Charge 16 in PA Identity Theft Scheme

Ever wonder who and how your identity can get stolen? Read this from Insurance Journal.

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MT Workers Comp Reform Enacted

Supporters claim reform bill will save $100 million in first year. Montana's workers compensation rates are the highest in the nation which led to urgent reform efforts that culminated on March 28th when the Montana...

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Toyota “NOT GUILTY”- Accelerator Case

Toyota was found "not guilty" by a New York jury in the 2005 unintended acceleration case brought by Dr. Amir Sitafalwalla. The case had prompted a massive recall of 8 million vehicles, a cascade of similar product...

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Traffic Fatalities Lowest Ever Recorded

DOT estimates a 3% drop in 2010 fatalities over previous year's record low. U.S. Transportation Secretary Ray LaHood today announced that the number and rate of traffic fatalities in 2010 fell to the lowest levels since...

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Fewer Teens Getting Driver’s License

Finances cause one in seven parents to delay teen driving. With high unemployment, concerns over rising gas prices and inflation, plus the cost of auto insurance for young drivers, the expense of getting a teen behind...

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Identity Theft #1 FTC Complaint in 2010

Identity theft was the number one complaint category in 2010 according to the Federal Trade Commission (FTC). Between January and December 2010, the FTC's Consumer Sentinel Network (CSN) received more than 1.3 million...

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