News

LANSING, Mich. - Four public hearings across the state have been set to discuss the proposed rules to ban the use of credit scoring in setting automobile and home insurance rates. "I proposed these rules because I believe that using credit scores to determine insurance rates is unfair and does...

ANCHORAGE, Alaska - Discovering the winning combination for providing insurance services is never easy-even for Alaska USA Federal Credit Union. The credit union recently signed a letter of intent to acquire Alaska's largest independent insurance agency Ribelin Lowell and Company Insurance Brokers, but getting to the point of deciding to...

SAN DIEGO -Credit unions are being advised to launch a high-tech war against the technology that is costing financial institutions nearly $20 billion annually in check fraud losses. "We're going to fight technology with technology," insisted Deborah Humbert, senior risk management specialist with the CUNA Mutual Group. "That's what we...

NEW YORK - Homeowners can look forward to the smallest increase in homeowners insurance in five years. According to the Insurance Information Institute the cost of insuring homes is expected to rise by only 2.8% in 2004. "Small decreases in the frequency and cost of claims have helped improve insurer...

NEW YORK - Credit unions looking to lower health care costs with Consumer Driven Health Plans may want to focus on program education efforts first. According to a new Towers Perrin survey, a widening gap between employer and employee views on consumer driven health care strategies may undermine the program's...

WEST PALM BEACH, Fla. - Experts say the decision of whether or not to purchase an insurance agency will soon be on the minds of many credit union executives. According to Thomas R. Linn, senior vice president of Concord, Ohio-based insurance consulting firm Marsh Berry and Company, the future is...