Insurance, Kentucky Insurance

“Northern Kentucky residents are being alerted that an Erlanger business owner is under investigation for selling bogus auto insurance policies, according to Kentucky’s Insurance Commissioner.

The Kentucky Office of Insurance said Michael Fleckinger of Amtrek Two Insurance Co. has marketed and sold auto insurance to at least 60 individuals during the past 18 months. The Office added that the company is not authorized to sell insurance in Kentucky and Fleckinger is not a licensed agent…..from Insurance Journal

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Teensurance allows parents to have a different kind of conversation with their teens about driving and the responsibilities that come with a driver’s license. The new offering will be available to consumers nationwide beginning June 27, 2007.

Teensurance is unique because it bundles an entire suite of technology and services designed to create a safer environment for young drivers, while offering new levels of comfort for parents. Using a GPS-based device — the Safety Beacon(TM) — and online tools to reinforce good driving habits, Teensurance gives parents tangible assurance about their teen’s driving behavior by delivering real-time notifications.

Safeco customers with auto insurance policies can register for Teensurance and access a secure Web portal with materials and services to help them establish a safe driving plan with their teen. …..Teensurance from Safeco

Teensurance.com

Contact Dick Watts Insurance 502-245-3625 for more information about Teensurance from Safeco.

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“The NAIC survey found that 33 percent of U.S. heads of household, who own a home and have homeowners insurance, incorrectly believe flood damages would be covered by a standard homeowners or property and liability policy, despite extensive media coverage on Hurricane Katrina victims whose claims were denied because they lacked flood insurance.

“Many homeowners learned the hard way that their insurance policies did not provide flood protection,”….” Homeowners Insurance

Technorati Tags: homeowners insurance, rental property insurance

“”This year’s hurricane season figures to be a challenging one for the U.S. insurance sector both from a meteorological and legal perspective, according to Fitch Ratings in a new report. Some of the most prominent hurricane forecasting organizations are predicting an above-average storm season, which may once again yield very disproportionate conclusions for insurers depending on how severe the storm season is, according to Fitch Senior Director Don Thorpe.. ” from Insurance News

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Apparently Zillow offers fairly accurate estimates on the market value of your home.

In the year since its launch, Zillow Inc. has made millions of Americans familiar with computer-generated estimates of home values, created a new online addiction and become a staple of dinner-party chatter.

But just how accurate is it? A Wall Street Journal analysis of 1,000 recent home sales shows that Zillow’s “Zestimates” often are very good, frequently within a few percentage points of the actual price paid. But when Zillow is bad, it can be terrible — off the mark by more than 25% on one in 10 homes. In one case it was off by $2 million.

Zillow, based in Seattle, operates a Web site that offers free estimates and other online tools for real-estate buyers and sellers. It draws revenue from online advertising. from:

Real Estate Journal

Technorati Tags: real estate, homeowners insurance, mortgage, zillow, kentucky

Taxes, it is that time of year …
“When it comes to complex tax issues, like buying and selling assets, major life changes and running full-blown businesses, you are apt to end up with a more accurate tax return when you consult a tax professional.

However, for routine tax returns, where your financial activities are the same year after year, online filing and boxed software is heaven-sent. The questions are designed to jog your memory about things like additions to your family, IRA contributions, ages of family members and sales of stocks. You’ll find help tools in the programs, or you can reach help centers during tax season — though it might take up to 48 hours to get responses……” Taxes, Personal Finance

States Asks Judge to reverse ruling on Health Care …..

“The Kentucky Office of Insurance has asked a judge to reconsider his decision to allow a Christian-only health care plan to continue operating in the state.

Other states recognize Medi-Share as insurance and subject it to stricter regulations, attorneys for the Insurance Department argued in a motion filed Friday in Franklin Circuit Court. Judges in Montana, Illinois, Wisconsin and South Dakota have held that Medi-Share is an insurance program subject to those state’s regulations, Insurance Department attorneys said…..” more from Kentucky.com