Lu tried to buy “Dead Space” yesterday at a local Game Crazy because it was on sale. The cashier, however, added two fees for $1 and $2 for “Gameguard” insurance without Lu’s permission—then tried to explain it away by saying the price was higher than marked and he’d actually had to give discounts to bring it down to the sale price.
insurance
AIG Asks Federal Permission To Pay $2.4 Million In Executive Bonuses
By 7.10.09
A hush fell over the AIG conference room on the day that their Worst Company in America 2009 trophy was unveiled. The eyes of every executive in the room sparkled with just a bit of pride. “Well done, everyone,” said the man at the head of the table. “But we mustn’t rest on our gilded-feces laurels. It’s time to begin our work for next year’s competition.”
Free Bike Protection Is Neither Free Nor Protects All Bikes
By 7.8.09
Brian bought a new bike lock recently. What led him to purchase a nice, expensive lock from On Guard was the package’s promise that the lock came with insurance—if his bike was stolen while using the lock, the company would pay for a replacement. He asked a salesperson, who verified the information. Sweet! Then he went online to register his new lock, and learned how the bike lock “protection” really works.
Never Pack Your Jewelry In Checked Baggage
By 7.3.09
My suitcase had been opened, my jewelry bag unzipped, and my fine jewelry (gold, diamonds, sapphires) had been hand picked out of the jewelry bag and the inexpensive jewelry (plastic, glass, metal) left strewn across my belongings inside my suitcase.
How To Pay As Little As Possible To Insure Your Jalopy
By 6.29.09
Despite what certain geckos would have you believe, the art of saving money on car insurance goes beyond doing whatever television commercials tell you to do.
What Happens When Your Life Insurer Kicks The Bucket?
By 6.28.09
Life insurance polices are backed by state guarantee associations, but the coverage offered varies drastically from state to state. Some products, like variable annuities, can be recovered in full because of the way they’re structured, but if you have term life insurance or a universal policy, you should know the limitations of your state’s coverage…
Four Financial Tools All New Parents Need
By 6.27.09
The baby’s on the way! You’ve got a crib, toys, and a rapidly approaching delivery date. So what else you do need? Kiplinger shares the four must-have financial tools that no new parent should go without…
Two-Thirds Of Insurers Share Faulty Database That Lets Them Overcharge Patients
By 6.26.09
Earlier this week, a Congressional investigation revealed that several insurance companies rely on a database from Ingenix that deliberately underestimates the cost of medical services, reports the Associated Press. The result is that “American consumers have paid billions of dollars for health care services that their insurance companies should have paid.”
UPS Damages $1,700 Worth Of Shipped Items, Admits They Messed Up, Still Won't Pay
By 6.22.09
Awesomely-named reader DrSpaceMonkey tells us he shipped some stuff to himself during a move, discovered it was damaged, and now can’t collect on his insurance.
Insurance Industry Still Wants To Cancel Sick People's Coverage
By 6.18.09
As the federal government debates health care reform, the health insurance industry has some news for us. They’re not going to stop canceling people’s policies after they get sick. Nope. No way.
Reminder: Make Sure Medical Procedures Are Covered Before You OK Them
By 6.16.09
Nick suffers from back pain and thought he’d seek chiropractor care for some pain relief. What he got in return was the sting of a nasty hospital bill because his insurance wouldn’t pay for his x-rays, even though the nurse and doctor assured him the scans would be covered.
Ask The Consumerists: These Flowers Just Need To Chill
By 6.11.09
Billy’s wife owns a small flower shop near Austin, Texas. The shop’s floral cooler broke down recently. They can’t afford a new one, and can’t find a used one for sale in the area. A misunderstanding when taking out an insurance policy means that the business’s insurance won’t cover the cooler malfunction.
Older Drugs Can Be Just As Good And Cheaper
By 6.9.09
Newfangled doesn’t necessarily mean that much better, especially when it comes to taking medicine. Getting prescribed the latest and greatest pill could mean you’re paying more when there’s a perfectly good drug out there that can do the same job, minus the jacked-up new drug patent cost. Vanguard says:
Congress Considers Partially Removing Tax Exemption On Employer Provided Health Benefits
By 6.9.09
While details of such an approach are still sketchy, it would likely involve employees paying tax on a percentage of their employer-provided health benefits. So if Congress decided that all such premiums in excess of $11,000 for family plans would be taxable income, and your company paid premiums worth $16,000 for your coverage, you’d have to pay taxes on $5,000.
By 6.8.09
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When your credit score sustains a dent, make sure your car doesn’t. Because higher car insurance is just what you need when you’ve lost your job. Auto insurers use customers’ credit scores as part of the formula to determine premiums. Shop around—different companies assign different weights to credit score in their calculations. [MainStreet.com]
On The Rise: People Blowing Up Their Own Cars
By 6.8.09
Nothing salves buyer’s remorse like a match in a fuel tank. Citing National Insurance Crime Bureau figures, a Los Angeles Times story says car owners are resorting to nefarious means to put an end to burdensome car loans. In the first quarter of the year, suspicious fires or arson were up 27 percent for the first quarter of the year and cases of intentionally destroyed cars shot up 24 percent.
California To Fight Health Insurance Rescissions?
By 6.3.09
The LA Times is reporting that California Insurance Commissioner Steve Poizner will reveal new regulations aimed at stopping a controversial health insurance practice in which customers with costly illnesses are retroactively dropped.
