• gas

    Will Rising Gas Prices Impact Insurance Companies?

    With rising gas prices once again becoming a topic of increasing concern for many Americans, one newspaper suggested the possibility of cutting car insurance costs in order to help save money at the pump.

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  • gieco hamsters

    Insurance Ad of the Week: Geico's Extended 'Teaching Guinea Pigs to Row' Video

    Last week I shared Geico's 'easier way to save' campaign that featured a variety of videos centered on someone who was trying to save money via absurd means. Read More...

  • storm damage

    Insured Losses Due to Catastrophic Storms Exceed $1.1 Billion in March 2012

    A new report details how the severe weather that rolled across the United States last month resulted in approximately $2 billion in economic losses.

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  • transition

    Experimental Flying Car Prompts Questions about Insurance Costs

    There’s already been plenty of discussion about the questions surrounding how to insure self-driving cars, but what about flying cars? How do you insure a car with a whole new set of potential hazards? Read More...

03 May 2012

Western National Finalizes Purchase of American Freedom Insurance

Insurance Step Staff Report, Posted in News

Western National Finalizes Purchase of American Freedom Insurance

Western National Mutual Insurance has finalized their purchase of Dynamic Insurance Group, the parent company of Illinois based American Freedom Insurance. American Freedom will continue to operate as a separate entity, offering non-standard auto insurance in Illinois, Indiana, and Pennsylvania. The current management team at American Freedom will remain intact, operating under the ultimate management and full financial support of Western National.

03 May 2012

Insurance Company Challenging Connecticut Fire Claims

Written by Rebecca Kelley, Posted in News

Insurance Company Challenging Connecticut Fire Claims

Utica First Insurance Co. is fighting lawsuits from a Christmas morning fire in Stamford, Connecticut, that resulted in the death of five people. They're arguing that the contractor hired to renovate the house that caught fire "misrepresented the type and scope of work he did," and that had the insurance company been properly informed, they wouldn't have issued coverage.

03 May 2012

Life Insurance Agent Charged with Embezzling Premiums from the Elderly

Written by Rebecca Kelley, Posted in News

Life Insurance Agent Charged with Embezzling Premiums from the Elderly

A Los Angeles life insurance agent has been arrested for allegedly embezzling more than $1 million in premiums from senior citizens. His elderly customers had been paying him for life insurance policies and premiums. The agent himself, Frank Conlon, is 73 years old--so much for "Band of Brothers."

03 May 2012

GEICO Honors Men and Women of the U.S. Armed Forces with Military Service Award

Insurance Step Staff Report, Posted in News

GEICO Honors Men and Women of the U.S. Armed Forces with Military Service Award

Earlier this week, GEICO honored six distinguished members of the U.S. Military with the 2011 GEICO Military Service Award. The award was bestowed upon candidates who had taken part in generous acts of service to their communities and made a positive impact through dedicating their time, talent, and knowledge to building a safer environment for their fellow citizens.

02 May 2012

Insurance Fraud of the Week: Busted By a 'Dead' Cop

Written by Rebecca Kelley, Posted in Catastrophic

Insurance Fraud of the Week: Busted By a 'Dead' Cop

A teacher and a funeral parlor owner in New Zealand were busted for operating an insurance scam in which they stole people's identities, took out funeral policies in their names, and claimed the money from insurance companies. After running this scam for years, they were ultimately caught by a police officer whose identity they had stolen.

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