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The poor pay more for auto insurance and that ain’t honest. That’s the executive summary of a new study by the Consumer Federation of America funded by the Ford Foundation that calls for an end to de facto price discrimination based on questionable rating factors. CFA executive director Stephen Brobeck and director of insurance J. [...]

One year ago, Hillsborough County in Florida’s Tampa Bay had 775 staged accidents, the second highest in the nation behind New York City. The $15.5 million price tag for those bogus medical claims drove auto insurance premiums in the county up $350 or more, according to the National Insurance Crime Bureau, or NICB. First, county [...]

As President Barack Obama’s historic health care reform inches toward its final exam before the Supreme Court next month, a second front led by leaders of the Catholic Church has been growing against the Affordable Care Act. Unlike the legal challenge by 26 states to the act’s “individual mandate” that requires all Americans to buy health [...]

My recent blog, “Ending the doctor gravy train,” that explored how health care reform plans to make transparent the commonplace practice of doctors accepting gifts of food, money and junkets from pharmaceutical companies really hit a nerve with doctors out there. Here’s a sampling: Doc: This article is ridiculous. Virtually all gifts and freebies that [...]

Now that the 2012 presidential election is underway, fantastic bloviating will surely follow on which hot-button issue will ultimately go the electorate.  My vote? Forget Afghanistan, forget bin Laden, forget health care reform – once again, it’s the economy, stupid! Lest we have any doubts about the continued grievous state of suspended animation on Main [...]

Recent data breaches at America’s most secure fortresses, from the U.S. Senate and Lockheed Martin to Citigroup and Google, have sparked renewed corporate interest in “cyberinsurance.” But you may need a hacker to decode these new cyber policies. Insurance Journal reports that a rash of recent headline-building hacks, including the breach of 100 million Sony [...]