A Texas judge ruled that State Farm Insurance must repay $310 million in premiums and back interest to Texas customers for overcharging them on homeowner policies. The ruling will affect State Farm Lloyds residential policies between September 2003 and July 2008.

The refund is far less than the $1 billion that consumer advocates wanted, prompting one, Texas Watch, to say Insurance Commissioner Mike Geeslin “is …

Tags: Bankruptcy Services State Farm Insurance

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… the most important consequences of the death of a filing spouse during bankruptcy is that the life insurance benefit payout cannot become part of the bankruptcy estate.  For example, if you and your spouse filed bankruptcy in January 15, 2010 and your spouse passed away on January 17, 2010, the life insurance benefit payout you receive will not become part of the bankruptcy under the Texas bankruptcy code.

Under Texas bankruptcy law insurance benefits cannot be seized to pay the debts of …

Comment author: My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me

Comment by My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me: … I Lose The Life Insurance … By admin | …

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Tags: Bankruptcy Insurance policy Life insurance Texas

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… and homeowners in North Texas with poor credit ratings pay an average of 35 percent more for insurance coverage than those with good credit – even when driving records and recent damage claims on homes are identical.

The article said:

“Rates submitted by the 35 largest auto insurers show that all but two use credit history to help decide whom to sell insurance to and how much to charge. Some companies double the rates for those with poor credit scores. Among home insurers, 19 of …

Tags: Credit score Insurance North Texas

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In an effort to replenish the Texas unemployment insurance fund, the Texas Workforce Commission has announced that next year two-thirds of Texas businesses will pay nearly three times the unemployment benefits tax they paid this year.

Businesses that pay the minimum state unemployment tax will owe nearly $65 per worker in 2010, up from about $23 this year. Under Texas’ unemployment insurance system, the minimum tax is paid by nearly …

Tags: Employment Insurance Recession Texas Trust Fund Unemployment

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Divorce can often be a big factor when people are making the tough decision whether or not to file for bankruptcy.  Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy.  Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already know you’re going to file for bankruptcy.  A …

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Many Americans drowning in student loan debt and many of those considering college listened to President Obama with much anticipation as he tackled the issue of crippling debt burdening most Americans who pursue a college education.  President Obama announced that he was working with Congress to create a national program which would ease the burden of student loan debt.

The President …

Tags: College Economy President Barack Obama State of the Union Student Loans

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The cost of medical insurance has continued to rise, burdening both employers and workers. But as the economy worsens many experts are predicting that the cost of coverage could increase as much as 30 percent each year with many employers passing on the increased cost of health insurance to workers.  Many workers, especially those who are living on tight budgets, will choose to drop their coverage making them …

Tags: Health insurance Medicaid Medical Bills

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… suing Turbine Airfoil Designs, Inc. a Texas company, for allegedly not paying employees’ health insurance premiums for five months despite the fact that the company was deducting a portion of the employees’ paychecks for health insurance.  Because of the company’s failure to pay the insurance, Capital BlueCross retroactively canceled coverage, leaving many employees with tens of thousands of dollars in unpaid medical debt.

The article said:

“The civil suit, which names the …

Tags: Blue Cross and Blue Shield Association Insurance Lawsuit Pennsylvania

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According to an article in the Star-Telegram, you may be eligible COBRA health insurance subsidies if you suffered a job loss, even if you worked for a small business.

The article said:

Traditionally, most people who leave their jobs can stay on their former employer’s health plan through COBRA, or the Consolidated Omnibus Budget Reconciliation Act of 1985. The idea is to give people access to health insurance while between jobs. The law applies only to people who …

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… an article in the Dallas Morning News, Texas is quickly burning through cash in the unemployment insurance trust fund. Just last week Texas paid out $64 million in unemployment benefits, which is more than twice the amount it paid out in the same week last year

The article said:

Larry Temple, the commission’s executive director, testified that the trust fund is expected to have just $48 million on Oct. 1, when it is required by law to have $860 million.

“We’re going to have some …

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President Obama’s State of The Union speech, addressed many issues facing Americans today. One of those issues was the need of America’s banking institutions to repay the American taxpayer for bailing them out of their self created financial mess when many of them were facing the possibility of liquidation in bankruptcy. 

The President said:

So I supported the last administration’s efforts to create …

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… debt in Chapter 7 bankruptcy.

Take a look at your tax debt. Do you owe back taxes for the state or federal tax authorities?  If so, you need to think about how you will repay those debts within a reasonable amount of time.  While tax authorities do offer repayment plans, they have extraordinary powers to seize assets for unpaid debt.  If you are unable to repay your taxes, you may want to find out how bankruptcy can help you. Bankruptcy can partially or totally …

Tags: Credit Finances foreclosure Health Insurance Taxes