Senator Dodd's financial reform bill

Have you heard of Senator Dodd’s financial reform bill yet?

Many people believe  that over the last year Americans have faced  the worst financial crises since the depression. As a result Senator Chris Dodd is recommending that the government step in and create a Consumer Financial Protection agency which would serve as a “watchdog” to watch over consumers to  get clear and accurate information so that they can make an educated decision about mortgages, credit cards, insurance and other financial products. The goal? To bring to an end the predatory practices of hidden fees, deceptive practices and abusive terms that have hurt so many Americans over the past few years.

Notice what this article had to say about a synopsis of this bill:

• “Consumer Protections in One Place: Consolidates consumer protection responsibilities currently handled by the Read the rest of this entry »

AIG Should Be Able To Pay Government Back

To keep the economy from crashing further the United Sates gave AIG Insurance $180 million dollars to bail them out back on September 16, 2008. That means that the US taxpayers are now the proud owners of 80% of AIG. Recently we blogged about Bill Gates comments on whether it was a mistake for the United States government to bail out AIG. However, Today, ABC quotes Reuters as saying that AIG is making good progress on restructuring, should be able buy back their shares and to pay back every cent.

The ABC news article goes on to say:

“Moody’s said AIG’s restructuring plan still relies heavily on government support, but if its operations and global financial markets continue to stabilize, the company likely can Read the rest of this entry »

Billionaire Bill Gates Worries About Government Owning AIG Insurance

We can’t change the fact that  the US government has poured out hundreds of billions of dollars (which tax payers will have to pay back) into bailing out some of the big boys like Bank of America, Citigroup and also AIG Insurance. The question is when we look back on history will it be viewed as a wise decision? Notice what Microsoft’s originator, Billionaire Bill Gates had to say in this article quoted below.

Reuters goes on to say:

“I do worry that when the government owns an entity like AIG that you can greatly devalue that entity by having it essentially have to behave as though it part of the government,” Gates said.

“It’s an unnatural situation when Read the rest of this entry »

It's Fall So Watch Out For Those Deer

Fall is here and so that means its also deer mating season. Did you know that statistics show that more car/ deer accidents happen in the month of November then any other? So we need to really be on the lookout for deer in the early morning and at dusk. Now that day light savings time is here our days will be getting shorter and shorter. This means that the perfect time to hit a deer is on the way home from work now! The question you need to ask yourself is whether your Atlanta auto insurance policy will cover you?

This problem is not unique to Atlanta. Recently we commented on a new program in Colorado to help drivers spot deer while driving. And today, the Ohio State Insurance blog shares these tips to help to avoid accidents with deer. Read the rest of this entry »

Colorodo initiates system to prevent wildlife crashes

If you live in Georgia you may be worried about hitting a deer and having your Atlanta auto insurance premiums go up. Just thank goodness you are not in Colorado where you could hit a moose!  In fact, November and December have the highest number of wildlife collisions in Colorado. That is why the Colorado Center for Native Ecosystems has announced the launch of a new website, www.I-70WildlifeWatch.org.

What is the purpose of the website?

It’s goal is to decrease the number of wildlife getting hit by cars on the state’s roadways. How serious is this problem?

Notice what the article says:
“”In that 11-year period, there were 30,245 total wildlife-vehicle collisions resulting in property damage on all Colorado roadways, according to CDOT data, collected from enforcement agencies statewide. The Rocky Mountain Insurance Information Association (RMIIA) reports that the average cost per claim is $2,800.

“The cost to repair vehicles has increased by more than Read the rest of this entry »