If you're driving less in this time of high gas prices, you might be eligible to pay less for auto insurance with a new crop of pay-as-you-go plans. But these per-mile policies come with some drawbacks as well, and certain habits -- like driving late at night -- could disqualify you.
Seven insurance companies have filed lawsuits against Toyota, alleging that sudden unintended acceleration was to blame for crashes that resulted in insurance payouts.
In Monday's legal news, Prudential is being investigated for the way it handles death benefits to soldiers' families and a U.S. district judge continues his efforts on behalf of 9/11 workers by rejecting their lawyers' requests for additional fees.
For the sixth year out of seven, the luxury SUV Escalade has topped Highway Data Loss Institute's list. The Escalade had average yearly losses more than seven times the average for all passenger vehicles.
Tornadoes, floods, severe weather: It's shaping up to be another bad year on the natural disaster front, and that could place increased pressure on the U.S. insurance industry.
After a painful 2008, insurance companies have made a comeback, with plenty of cash on their balance sheets. As a result, mergers and acquisitions will likely dominate the insurance and reinsurance market in 2010.
Notoriously conservative investors, insurance companies cut their hedge fund allocations in 2009. But as the sting of the financial crisis eases, they'll come back looking for stronger returns.
