Arbitration Forums, Inc. (AF), the nation’s largest provider of inter-insurance dispute resolution services, resolved nearly 520,000 claims disputes valued at more than $2.4 billion in 2011, a new record, said W. Russ Smith, president and chief executive officer of AF, which has some 4,400 carrier and self-insured members nationwide.
Smith noted that the not-for-profit’s arbitration services are saving the property/casualty insurance industry more than $700 million in litigation costs annually through programs that effectively resolve insurance claims disputes.
He said that nearly 98 percent of the arbitration filings in 2011 were made electronically — more than twice the percentage of just a few years earlier. On an
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How much is car insurance for a teenage driver? The short answer: a lot. There are several reasons why and some things you can do to lessen the drain on your bank account if you have a teen in the house.
Insurance companies determine car insurance premiums for all of us by assessing various factors. Age is just one of them. In the case of a young driver, the insurance company reasons that a lack of experience equates to a greater risk of an accident happening, which drives up costs. Don’t believe it? Consider this stat from AAA: In 2006 (latest data available) crashes involving drivers 15 to 17 cost more than $34 billion nationwide in medical treatment, property damage and other costs. A
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Marriage has significant effects on your financial situation, and these effects can be quantified in several ways. Many newlyweds are not thinking of life insurance, but this is an important consideration for your marital future. Having enough protection to provide for either spouse due to the unexpected death of the other, as well as any dependent children, is something that every couple should consider.
When couples are first married, this is often the best time to think about a long-term policy with a high payout. Unfortunately, this is the time when couples are least likely to start thinking about life insurance.
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Navigators Management Company (NMC), the underwriting agency subsidiary of The Navigators Group, has deployed Fortegra Financial’s eReinsure placing platform to manage the procurement of facultative reinsurance in the US and UK.
According to NMC, eReinsure provides internet technologies for reinsurance negotiation, documentation, and other functions that support process efficiency, compliance and management information. With more than16,000 users, eReinsure provides underwriters with a cost effective and proven control system for managing reinsurance in 80 countries each day. Fortegra Financial chairman, president and CEO Rick Kahlbaugh said the eReinsure team has built the major platform for placing facultative reinsurance.
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If you live in or drive through Pennsylvania, Ohio, Michigan, Georgia or North Carolina (the fifth through tenth most populous U.S. states), several new laws affecting drivers, and potentially their car insurance premiums, go into effect on January 1, 2012 or later in the year. Here’s what you need to know to avoid costly traffic tickets and points on your driving record.
Pennsylvania
OMG! A ban on all mobile phone texting while driving for drivers in the Keystone State kicks in on March 8, 2012. Although you won’t be able to text, you can still use your hand-held mobile phone for other purposes
like talking, GPS, music, etc. Thi
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Stonebreaker was found dead the following morning in a driveway close to where his car had been found the night before. He had suffered fatal head injuries that were later found to be inconsistent with those that would have resulted from the accident the night before. The medical examiner named blunt force trauma as the cause of death, and investigators ruled the death a homicide.
Lawsuits Reveal Wife as Suspect in Husbands Murder
In March 2011, Pamela Stonebreaker filed suit against the three life insurance companies her husband had purchased policies from, all of which named her the beneficiary of his estate.
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