Articles and Resources
Date Fairness.com Resource Read it at: Jun 07, 2013 Fine Print and Red Tape in Long-Term Care Policies
QUOTE: Many Americans now in their 80s and 90s who are collecting benefits — or trying to — bought their policies decades ago when the policies were more restrictive than now. On top of that, many insurers have since left the business after mispricing the policies and failing to judge the economics of the industry, which has made collecting payments even more difficult.
New York Times Nov 25, 2011 In Commodities World, Safe and Secure Sometimes Isn’t
QUOTE: regulators suspect that MF Global did not keep its clients’ money separate in its chaotic waning days, using some customers’ money, they believe, to meet its own obligations. And if the firm violated the rule requiring segregated accounts, investors say they are now concerned about the viability of commodities trading as it has been conducted in the United States for more than a century.
New York Times Nov 14, 2008 What Happens When Your Insurer Goes Under? (Your Money)
QUOTE: If you’re looking to switch insurance companies, start with a top-rated one, but also keep an eye out for too-good-to-be-true terms or brand new riders or features. They may not be truly battle-tested. Also, don’t stop paying premiums on your old policy until the new one is up and running.
New York Times Oct 01, 2006 Unwarranted: In Most Cases, Extended Product Service Plans Don't Benefit Consumers
QUOTE: the cashier asks if you'd like to put another two years on the manufacturer's warranty....While consumer groups and common sense would urge you to resoundingly reject the offer, an entire industry has been built on the likelihood that you will act on impulse and say, "Yes."
Washington Post Oct 01, 2006 Shop Smart For Insurance
QUOTE: it's not just picking the right health plan at work that confounds consumers when it comes to insurance choices. Many people aren't getting the best deal for their auto insurance. Or they don't have enough disability insurance, if they have it at all. Or there are gaps in their homeowner's insurance coverage. Kimberly Lankford, a columnist at Kiplinger's Personal Finance who has covered the industry for 10 years, says many people make big mistakes when they purchase insurance.
Washington Post May 01, 2006 Long-Term-Care Mistakes: Avoid these five blunders people commonly make when trying to cut premium costs.
QUOTE: 1. Relying on average benefit amounts....2. Skimping on the waiting period....3. Picking the wrong type of inflation protection....4. Assuming group coverage is the best deal...5. Working with the wrong company.
Kiplinger's Personal Finance Apr 05, 2006 Travelers brace for turbulence on bankrupt airlines
QUOTE: If your summer travel plans involve plane tickets, you might want to listen up. There may be no one to fly the plane -- or an airline to fly on -- by the time your departure date rolls around.
Bankrate.com Aug 15, 2003 Travel insurance: Are you already covered?
QUOTE: If ever there were a purchase that calls for research and reading the fine print, travel insurance is it, says Edward Hasbrouck, author of "The Practical Nomad" series of travel books.
Bankrate.com Jun 08, 2002 Home Insurance Rates Up Sharply: Industry Blames Stock Losses, Storm Damage and Mold Claims
QUOTE: Maryland last year banned linking insurance rates and coverage to homeowners' credit scores. Critics say the practice is unfair and discriminatory.
Washington Post May 19, 2002 Crack Your Wallet for Small Claims, Not Your Insurance Record
QUOTE: But the sad and unfortunate truth is that several relatively small claims could mean a higher premium, and over the years that can add up. Some insurance companies will cancel a policy if you file more than three claims in three years.
Washington Post Oct 23, 2001 Insurer Sues to Limit Its Payout for World Trade Center
QUOTE: ...the biggest insurer of the World Trade Center...Swiss Re, sued to limit how much it will pay to half of what the buildings' managers are asking.
New York Times Oct 12, 2001 Trip Insurance: Refunds Vary
QUOTE: [some travel insurance companies] ...have stuck by language that limits coverage of trips canceled because of terrorist activity to incidents that occur outside the United States.
New York Times Sep 13, 2001 Billions in Claims Expected, but Compensation Could Vary Widely
QUOTE: The families of almost everyone who worked in the World Trade Center or died in the rescue effort are entitled to some kind of compensation....amounts can range from a few hundred dollars a week for the lifetime of a surviving spouse under workers' compensation to millions of dollars...
New York Times May 30, 2001 With This Policy, I Thee Wed
QUOTE: ...wedding insurance....the average cost of a wedding had crept to more than $20,000. "With the cost going up, the risk of loss becomes more profound...
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