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Insurance

ALBANY, NY --- Attorneys with the New York Insurance Department have released a written opinion confirming that insurance companies in the state have the right to pay claims by issuing debit or preloaded credit cards to claimants instead of conventional settlement checks.

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Hawaii Sees Spike in Auto Insurance Fraud Convictions

HONOLULU --- Hawaii saw a 61 percent increase in criminal convictions for insurance fraud in 2008, according to the Insurance Fraud Investigation Unit of the state's Department of Commerce and Consumer Affairs (fraud unit).

Calif. Orders Allstate to Cut Rates 15.9 Percent

SACRAMENTO, Calif. --- California Insurance Commissioner Steve Poizner has ordered Allstate Corp. to cut its auto rates by 15.9 percent -- an average of $124 per car, the Los Angeles Times reported.

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