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Understanding today’s insurance market and how to get the best deals

Concordia Ship Victims May Need To Rely On Liability Insurance Policy – Not the U.S. Courts

Costa Concordia and the Liability Insurance Policy

Thursday’s Post 1.26.12 -  Those U.S. travelers involved in the Costa Concordia Cruise Ship tragedy may not find any financial relief in their own U.S. Court System or the Ship’s Liability Insurance Policy. This is the fear of  many of the U.S. Citizens and families of the victims on-board the doomed ship. Since the Passenger Travel Tickets were purchased through an Italian owned Cruise Company, any law suits sought would need to be filed and heard in an Italian court or european legal system. This is not the first time a foreign cruise line has had an accident in european waters with U.S. Citizens aboard.  It’s also not the first time there has been attempts to challenge the ticketing contract clause of a non U.S. Cruise Line which prohibits American citizens to initiate litigation in the United States Court System against a foreign Cruise Line or it’s liability insurance policy.

In a previous case; a U.S. Appeals Court found against an american claimant stating her physical,  financial  and liability insurance policy limitations did not supersede the contract she engaged in while traveling on board the non U.S. vessel. The Florida-based Carnival Cruise Lines (who owns the Costa Concordia) will  not face any liability in American courts, as the fatal accident happened while in Italy. The survivors and the families of those whom perished in the Costa Concordia disaster will be limited to seek relief through non-domestic means. These means would include,  filing legal action in a foreign court and seeking monetary relief through the liability insurance policy maintained by Carnival Cruise Lines.

-Mike  

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602

Receiving A Ticket For Texting Will Increase “Car Insurance Rates”

Texting While Driving Will Increase Your Car Insurance Rates

Tuesday’s Post 1.23.2012 -  Oklahoma lawmakers submitted a Bill for review and ratification, which would prohibit drivers from using their cell phones for text messaging.  Legislators have also introduced a companion  law which would impose major fines and increased Car Insurance Rates for those drivers whom ignore the new laws. The new laws will not apply to reading…

Sex Discrimination Claims Haunt Walmart

Walmart Gender Bias Case

Monday’s Post January 23,2012 –  Two former Walmart  employees have re-filed a sex discrimination lawsuit claims against the nations largest retailer.  The female employees whom filed the action against Walmart say they were  intentionally prevented from advancement within the company because they happen to be women and not men. Last year, 1,500,000 present and former…

Multi-Policy Discounts – Over Rated By Many Insurance Buyers

Home & Auto Discount

Saturday’s Post January 21, 2012 -  In 2010 – 2011; everyday folks whom buy both their discount auto insurance and homeowners insurance online showed much  less interest in the multi-policy discount provided by most insurance carriers than how much they could saved on purchasing their policies together.  Survey’s show that less than 1/2 of all homeowners have a  combination home and car insurance carrier discount. This number is down from 54% of…

Three U.S. States Still Have The Cheapest Discount Car Insurance

Cheap Auto Insurance

Friday’s Post January 20, 2012 –  Drivers whom buy their budget auto insurance in the States of Iowa, South Dakota, and North Dakota are very lucky indeed.  These drivers enjoy the cheapest car insurance rates in the nation while other States, like Louisiana, Washington D.C. and the great state of New Jersey all suffer with…

New Equine Insurance Covers More Than The “Horses Mouth”

Straight from the horses mouth

Thursday’s Post 1.19.12 – A specialty insurance carrier in the State of California is offering a new group of innovative insurance policies. The new policies being underwritten will offer liability insurance policies for privately owned horses, including death, commercial coverage availability and additional products for the owners of stables and farms. Momentous Insurance is a well-known Insurance Broker which specializes in covering the possessions of wealthy individuals.  The Insurance…

National Flood Insurance Program Lives To Fight Another Day

National Flood Insurance Program Extension

Wednesday’s Post  January 18, 2012 -  When will the administrators of the NFIP figure out why they are having such a difficult time paying their bills?  The National Flood Insurance Plan which has lost money for years got another new lease on life this month. Leaders in the insurance industry appreciate the extension by both the Obama Administration and the U.S. Congress for additional time…

Settlement Reached In Illinois Insurance Case

Law Suit Settled in AIG Insurance Case

Tuesday’s Post  1.17.12 -  An Illinois court has approved payments by AIG Insurance Company as a settlement from the allegations made against the largest insurance company in the world. The law suit alleges the insurance carrier failed to make mandatory monetary donations to State Workers Compensation Fund by intentionally misreporting its market share of Insurance premiums. The agreement was in response to claims by other Workman’s Comp insurance companies that AIG…

Texas Securities Company Fools Investors In Life Settlement Scheme

Securities Fraud

Monday’s Post 1/16/12 -  A life insurance-settlement company  is facing legal action by the securities and exchange commission after allegations the company fooled investors with bad information and systematically reporting intentional errors in its business and risk-assessment practices. Three company executives for the company are accused of low-balling life expectancy numbers of the clients it purchased life insurance policies from, causing drawn-out extended losses to the company investors…

Collision Repair Shops Call For Fair Pay

Auto Body & Repair Law

Sunday’s Post 1/15/12 – Even though efforts to change auto accident repair laws in the State of Massachusetts have all failed in the recent past, a car insurance trade organization has renewed its efforts to change the laws which would support a more standard and  fair process for setting repair shop charges.  There is a…

Economy Forces Rate Increases On Auto & Homeowners Policies

Insurance Price Increase

Saturday’s Post 1/14/12 - Extreme weather and natural disasters have been hard on the profitability of both Auto Insurance and Homeowners Insurance Companies the last few years.  Although many of these Car and Homeowner Insurance Companies are needing to increase rates this year, insurance analysts warn these premium payment increases may backfire if  their customers are…

Mike Dortch 
Mike Dortch
Mike Dortch is an Insurance veteran, with nearly 20 years of proven experience helping drivers save on buying insurance.

Mike's Blog, Straight Talk On Insurance, offers advice on getting the best deal.