Today’s News: Nonprofit Health Insurers Hoard Cash, State Farm Sheds Home Insurance Customers and Ohio Auto Insurance Stays the Same for 40 Years

Reports show that many nonprofit health insurers have been hoarding cash, State Farm Insurance plans to drop home insurance customers and liability auto insurance in the state of Ohio has remained unchanged for 40 years.

Nonprofit Health Insurers Hoard Billions in Cash

According to a new study from the independent group, Consumer Union, many nonprofit Blue Cross Blue Shield health insurance companies have hoarded $9.1 billion dollars (or $855 per member per year) in extra cash over the last decade. Wh

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Volkswagen Golf VI named ‘safest’ vehicle for car insurance customers

Volkswagen Golf VI named ‘safest’ vehicle for car insurance customers The Volkswagen Golf VI has finished top of a list compiled by Euro NCAP of the safest vehicles for car insurance customers in 2009.

Close behind the VW Golf VI were two hybrid models, the Honda Insight and the Toyota Prius, while in fourth place was the Hyundai i20.

Euro NCAP crash-tested 33 car models using up a total of three cars, three front seats, four child seats and an array of spare parts per model.

To reach a final verdict the car model is usually put through four crash tests, a component test and is assessed by an inspector.

Dr Michiel van Ratingen, secretary general of Euro NCAP, said: “This is the first time we can calculate results that demonstrate an overall safety performance.

“Even though these cars excel in different areas of safety, their presence in the top five list indicates that they are among the top safety achievers of the year.”

The design of the VW Golf VI is said to be more aerodynamic, helping fuel efficiency, and is quieter than the previous version.

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