Property insurers overprice, underpay: report
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The U.S. property/casualty insurance industry systematically overcharges policy holders and underpays on claims, said a report from consumer activists on Thursday that an industry group called "absurd."
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New York - The property insurance industry sustained record third-quarter losses this year after a series of storms, according to an actuarial firm&#39;s preliminary estimate.
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The squeeze on home buyers' finances is highlighted by TUC and the Royal Institution of Chartered Surveyors reports.
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Â· High interest rates biting, surveyors' report finds Â· Only London property prices rising
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Wind, rain, floods. All cause damage--and are to blame for some states' super-high home insurance rates.
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Losses for the global insurance industry from the devastating earthquake and tsunami waves in Southeast Asia -- where the death toll is in the tens of thousands -- are likely to be sharply below claims from the hurricanes in Florida this year, as the regions hit over the weekend are generally underinsured, analysts said yesterday.
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People with high-deductible health plans designed to raise awareness of costs and reduce unnecessary care are causing consumers to scrimp on health care, according to a study released on Thursday.
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The price of home insurance on Cape Cod and the tony islands of Martha's Vineyard and Nantucket is soaring, but thousands of homeowners are being insulated from the price shocks by a state regulatory system originally set up to protect low-income residents of inner-city neighborhoods.
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Business & money: Insurers must improve quality of service or face regulation, mediator says.
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Preliminary investigations in New York, Connecticut and California suggest that insurance companies frequently pay insurance brokers and agents undisclosed compensation -- including cash, loans, stock and exotic trips -- for steering health, automobile and other retail insurance business to them, state officials told Congress yesterday.
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Cash-rich Ulster and Irish investors are sinking their money into commercial property both here and in other parts of the UK, according to a review of the market by property consultants BTWshiells.
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FRIDAY, Dec. 1 (HealthDay News) -- Efforts to include more private insurers in Medicare may be costing the agency more money, new research shows.
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New Yorkâs attorney general is looking into whether insurers overcharged patients for out-of-network doctors.
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By Andrew Foxwell, Financial Mail on Sunday, London  Feb. 4--Insurers and businesses must pool their resources to tackle the  rising cost of environmental liability claims, a leading insurance broker has  said.
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WASHINGTON -- The District of Columbia risks losing federal funds because it has overpaid contractors almost $100 million for medical services, an audit found.
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US property and casualty insurers have paid out $21.3 billion for eight catastrophes damage, including hurricanes Charley, Frances, Ivan and Jeanne, according to the data of the Jersey-based Insurance Services Office Inc.
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Stark evidence that high medical payments do not buy high-quality patient care is presented in a new study.