On Thursday, November 13, 2008, East Hartford-based BC Group, LLC received Honorable Mention for the Connecticut Better Business Bureau’s 2008 Excellence in Business/Consumer Eduction Award for its travel insurance website, QuoteWright.com, at the Bureau’s 80th Annual Meeting and Awards Banquet. According to the Better Business Bureau, the competition for the award was intense this year…
Author: John Cook
Statement by Federal Reserve on AIG
Interesting press release today from the Federal Reserve Bank of New York concerning their transaction involving AIG: We understand the importance of keeping AIG’s regulated subsidiaries which include its insurance companies well capitalized, and will continue to work with their regulators. Policyholders across the entire AIG family should take comfort from the fact that AIG…
NAIC News Release – AIG Insurance
With all of the news about AIG I thought the following article would be of interest: NAIC News Release, September 16, 2008 – “We have a very strong message for consumers: If you have a policy with an AIG insurance company, they are solvent and have the capability to pay claims. Our job is to…
What if my insurance company goes bankrupt?
In the past several days we’ve all heard about the crisis going on with AIG and their recent attempts to raise capital to forestall a decrease in their credit ratings. We have heard that bankruptcy is one option that AIG’s management might have no recourse but to use. That raises the question of: What happens…
Beware of some Travel Insurance “Experts”
Every once and awhile a person who has “expert” insurance credentials drifts or stumbles out of their area of expertise and offers advise in areas in which they have no or very little knowledge but because of the credentials people believe them. Just yesterday an article, “Are You Covered?” appeared on the web site for…