Meeting

What’s the difference between an Admitted and Non-admitted insurance company?

Admitted Insurance Companies
In California these are companies that are licensed with the state and must file and have rate changes approved by the Department of Insurance. Admitted companies are considered “standard” insurance companies, and they specialize in low-medium risk insurance. Unless you have several tickets and accidents, or have a high risk home, you’re probably insured by one of these standard companies. Because they’re licensed with the state, they participate in the State Guarantee Fund, which provides consumers with protection if their insurance company becomes insolvent or goes bankrupt.

Read More

Credit Cards

How To Protect Yourself From Identity Fraud

In the digital world, accessing consumer information becomes easier for criminals every day. Chances are you’ve registered and transacted with dozens, if not hundreds of online websites, retailers, message boards, and networking sites that all ask for different pieces of information from you. You’ve entered credit card information, date of birth, drivers license, social security number, and your mothers’ maiden name more times than you can count. Unfortunately this is all information that can be intercepted, stolen from your computer, or stolen from your trash and used to destroy you financially! In 2009, there were over 11 million identity fraud victims in the United States alone, with the average cost to repair credit and reverse the damage at $631 per person. The FTC estimates it takes the average person over 6 months to repair their name and credit, and over 200 hours of work.

Read More