March 12, 2016 |
A father and son have been charged with killing a man who was their brother and uncle in a scheme to fraudulently collect life insurance, Philadelphia District Attorney Seth Williams announced Thursday. Edward R. Kirby, 59, and Edward A. Kirby, 34, delivered methadone pills to George Kirby, who was ill and housebound at his Frankford home, Williams said. Kirby later died of methadone intoxication. The father and son, of Modena Park, were arrested Wednesday and remain in custody. "This is a case you almost couldn't make up," Williams said at a news conference.
March 12, 2016 |
Insurance that helps pay expenses for nursing care or other help in old age sounds like a great idea. But when companies started selling long-term-care insurance policies decades ago they did a poor job of figuring out how much to charge, forcing them to repeatedly raise rates to consumers. That pattern earned four insurers, which requested premium increases this year up to 130 percent, invitations to a Pennsylvania Insurance Department hearing Thursday in Harrisburg. "The public needs to know that we're carefully reviewing the information that is sent to us," commissioner Teresa Miller said of the requests for often large rate increases.
February 16, 2016
Zach Robbins, 29, of Center City, is founder & CEO of Margo, an online marketplace for auto, homeowners and rental insurance based in University City. The start-up's goal is to make shopping for insurance less confusing and more transparent. Through partnerships with various carriers, Margo matches consumers with policies to fit their individual needs and monitors their policies. Q: How did you come up with the idea? A: I noticed how underserved consumers were in the auto, home and rental insurance market, which hasn't seen a lot of innovation.
February 8, 2016 |
A home is often the largest investment a consumer will ever make, so any measures to reduce the risk involved in buying or selling deserve careful attention. The big risk is that a major price decline will wipe out the homeowners' equity, leaving them owing more than their house is worth. That happened to many just a few years ago, and millions of homeowners are still "under water" as a result. I decided a long time ago that the best way to prevent a recurrence of this episode was to offer home buyers property-value insurance, and I spent some time advising a well-connected group of entrepreneurs on a program that would do that.
February 6, 2016 |
John J. D'Alessandro Sr., 71, of Washington Township, former owner of a Vineland, N.J., insurance agency, died Tuesday, Feb. 2, at Kennedy University Hospital in the township following a seizure. Born in West Philadelphia, Mr. D'Alessandro graduated from St. Thomas More High School there in 1963 and took night classes in business management at St. Joseph's University. He was an agent for what is now the Pennsylvania Manufacturers Association Insurance Group from the late 1960s to the early 1970s, son John J. Jr. said.
January 17, 2016 |
The rate of Hispanic children without health insurance fell to a historic low in 2014, the first year that key parts of Obamacare took effect, but they still represent a disproportionate share of the nation's uninsured youth, according to a new study. About 300,000 Hispanic children gained insurance in 2014 from 2013, dropping the number of uninsured to 1.7 million, researchers said. Their uninsured rate fell to 9.7 percent, almost 2 percentage points below the year before. In New Jersey, one of the 10 states with the largest populations of Hispanic children, the uninsurance rate for that group was 7.0 percent, compared with 7.4 percent in Pennsylvania.
January 13, 2016 |
The former owner of the historic Bucks County Playhouse was sentenced Monday to 21/2 years in prison after collecting about $240,000 from bogus insurance claims he made on behalf of the theater and attempting the same tactic for a second theater he owned. Ralph Miller, 69, of New Hope, was convicted of money laundering and mail fraud in May by a federal jury in Philadelphia. In sentencing Miller, U.S. District Judge Cynthia Rufe called him a "charlatan" and "snake oil salesman," according to Assistant U.S. Attorney K.T. Newton.
December 28, 2015 |
Do you ever wonder about all the factors that go into how much you pay for car insurance? The answer isn't as simple as it might seem. There are dozens of factors that go into how much drivers pay for auto insurance. "Auto insurance used to be so easy," said Ken Henry, owner of Henry Insurance Agency in Cincinnati. "All you needed to know was someone's age, accidents or tickets and city or county. If your neighbor had the same car, was your age with a similar driving record, and was with the same insurance company, you both got the same rate.
December 21, 2015
Kids out of school for the holidays? You could take them to the Star Wars film at the Franklin Institute's IMAX theater. They could amble through the heart's arteries or marvel at stars in the planetarium. Or they could gaze at Jamie Maguire's hair stuck to a bicycle helmet. Why is his hair and helmet on display? Consider it an object lesson. The reason James "Jamie" Maguire Jr., 55, was able to give $1.5 million to the Franklin Institute was, in part, because the helmet saved his life in a bicycle crash last year.
December 20, 2015
Where: Bala Cynwyd. Parent: Tokio Marine Group, Japan. Business: Sells insurance in many niches - bowling alleys, cyber security, yoga studios, pest control, zoos, professional liability. What's new: Now covers craft breweries. 2015 revenue: $2.9 billion. Employees: 2,000; 600 here.