The Latest on Healthcare reform

Well, it happened. It looks like if you don’t have health care, there will be a fine. So we have no universal health care at this time, but we do have the possibility of a fine for those who don’t have health care? Doesn’t that seem like we took a step backward? These people already [...]

AIG bailed out then sells?

AIG, according to this article I just read, has sold some of its assets away. I may be wrong, but I don’t think that after we have bailed out this company, we should let them sell. Why not give in, declare bankruptcy and let the government sell the rest of the assets? This way, we [...]

Insurance company owner admits mail fraud, gets six-year sentence

“Frank Whitbeck, 61, the owner of the failed Signature Life Insurance Co. of Little Rock, Ark., entered a guilty plea to one count of mail fraud and was sentenced to six years in prison. He also was ordered to pay $3.8 million restitution and fined $12,000 He also faces three years’ supervision after completing his [...]

Hurricane Ivan Causes Yet One More Scam

A man was convicted for inflating his flood claim from Hurricane Ivan. Now this is bull, as I always say, because he’s trying to inflate his claim while elsewhere people are just struggling to get by. What really get my goat, though, is that it took them four freaking years to convict the guy.
For more [...]

New Ohio Rules Target Insurance Scammers

From Insurancenews.net:
“A shady insurance scheme that started in Florida and Arizona, states chock full of vulnerable and often wealthy seniors, is starting to pop up here, Ohio Department of Insurance Director Mary Jo Hudson said.
Older people are being solicited to sign up for life-insurance policies with third parties as beneficiaries in exchange for a cash [...]

Life Insurance Stocks – The Next Big Thing?

Here’s a great article from Market Blog examining the often overlooked value of buying stock in life insurance companies.
Here’s an excerpt:
“Michael Goldberg, an analyst at Desjardins Securities, asked an intriguing question in a research note on Thursday: With so much focus on banks, is the opportunity in life insurance companies being overlooked?
His answer is yes. While [...]