The Lower New York Insurance Blog

Introduction:
Recently, there is much talk in the news about regulating the insurance industry at the federal level. This recent activity has been sparked by the current credit card account defaults, bank closures and financial institution failures. The AIG situation and this past fall financial melt-down has also pushed the consideration for federal regulation. Although AIG’s [...]

The New Jersey Senate’s Commerce Committee is in the midst of vetting two key bills that would have significant impact on the Garden State’s insurance industry.

One bill would create a create …

University of Utah College of Engineering researchers have developed a technology that prevents teenagers from talking on cell phones or sending text messages while driving. This technology blocks the driver from using a cell phone when the automobile ignition key is inserted into the automobile’s ignition system.Since studies have proven …

Are CDS Insurance?Credit Default Swaps(CDS) are used as insurance for risk protection against defaults of bonds and mortgages. Although they are like insurance they actually are not based onthe same principles as insurance. Hence, they are not allowed to be sold as insurance. A slight diversion, rental car protection is never …

The Barron’s financial paper with Yahoo posted today an article titled “Take Insurance Against a Bailout”. The article was suggesting that the property and casualty insurers may be in good shape since their exposure to the mortgage industry is limited.

ALONG WITH OTHER FINANCIAL STOCKS, property and casualty (P&C) insurers have fallen in recent months due [...]