An inquiry in California alleges that the company violated state laws on how policies are priced and sold, perhaps affecting thousands of customers.
Mercury Insurance Group violated state laws meant to regulate how coverage is priced and sold and, as a result, overcharged perhaps thousands of Californians for homeowner and automobile insurance, the state Department...
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Mercury Insurance Group may face fines for overcharging
Tips To Getting Your California Car Insurance
Confuse on which California car insurance provider to pick? The State mandated drivers to secure insurance. Getting an online quote will help you find an insurance company. Pick one that meets the State’s requirement. Include Uninsured/Underinsured Motorist Bodily Injury. Read this article for more...
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Getting a loan will be pricier
WASHINGTON (CNNMoney.com) — As the economy begins to mend, the cost of borrowing money for a big purchase could start to increase.
Mortgages, in particular, have flirted with record lows during the recession. Credit card rates have been bouncing upward and, while auto loan rates...
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No more taxes on short sales, foreclosures
After lots of wrangling, Gov. Arnold Schwarzenegger is finally ready to do right by strapped California homeowners. Currently, state law requires the payment of income tax on a homeowner’s canceled or forgiven debt on a short sale or foreclosure.
What it means in practice is...
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Thousands of Anthem Blue Cross customers await decision on rate hikes
The insurer had delayed the increases till May 1 pending a review by an outside actuary appointed by the state insurance commissioner. That report is expected within two weeks.
Thousands of worried Californians who buy individual insurance policies from Anthem Blue Cross will soon learn...
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Cost Of Earthquake Insurance Discourages Many Californians
SAN DIEGO — The earthquake that rattled Southern California this week was a gentle reminder that not many Californians, and not may San Diegans, have earthquake insurance. Only twelve percent of homeowners are insured.
This could spell trouble when the big one actually arrives. But...
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Why Most Firms Won’t Drop Employee Health Insurance
“I’ve been ‘unofficially’ told by the H.R. manager of my employer,” wrote RG from Los Angeles, “that it will be cheaper for them to take the penalty than to continue insuring us.” RG’s question — whether it was true that “many, many companies will...
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Office vacancy rate rises in San Francisco
An amount of office space equivalent to 13 Bank of America buildings sits vacant in San Francisco today as companies continue to shed more square footage than they rent – a trend that won’t change until employers start putting more people behind desks.
The 13...
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The 10 worst selling real estate markets in America
Worst performing cities:
Despite news that the pending home sales index jumped at the highest rate since 2001, some real estate markets are struggling along.
We’ve recently discussed the best small towns to buy a home and outlined most rapidly growing counties but today we’d like...
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How To Profit By Providing Hard Money Real Estate Loans
Real estate prices are low, but the lack of available financing is preventing people from taking advantage of them. This of course presents an opportunity for investors. By providing hard money loans, investors can make a healthy profit with low risk. See the following...
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Short Sales Produce Potential Tax Problems
Short sales are occurring with increasing frequency as a result of the poor economy and shrinking home values. What many people don’t realize is that if your lender allows you to sell your home at a loss, you may be liable for taxes on...
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Large earthquake rocks Southern California
LOS ANGELES- A 7.2 magnitude earthquake centered in Baja California, Mexico was felt all over Southern California, rocking high rise buildings from San Diego to Los Angeles, but there were no immediate reports of major damage.
One man died when his home collapsed on him,...
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A Beginners Guide to Buying Car Insurance
Car insurance is one of those confusing necessities in life. Television bombards consumers with commercials that promise low prices, but they don’t give many specifics.
Consumers can save money on car insurance by understanding what they really need as determined by their individual situations. Study...
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