Online Auto Rates Down, But Price Gap Widens For Web-Based Shoppers

NU’s annual test drive of sites offering insurance quotes finds potholes

November 24, 2008
BY ARA C. TREMBLY

The good news is that online auto insurance rates overall seem to be lower than in previous years. The bad news is that the percentage of variation between high and low quotations given to online buyers has expanded over the last two years. In what would have to be called an unsettling trend, National Underwriter’s 2008 online auto insurance shopping survey has revealed a widening price gap between low and high quotations that is sure to cause even more vexation to those who try to buy insurance on the Web.

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AIG To Pay $500 Million In First Quarter To Prevent Deferred Comp Departures

November 24, 2008
BY DANIEL HAYS, MARK E. RUQUET AND MATT BRADY

American International Group Inc. said it is terminating voluntary deferred compensation programs to eliminate an incentive for employees to leave the company in order to get back pay, and as a result will distribute approximately $500 million to such individuals in the first quarter of 2009.

CIAB Urges Treasury To Use TARP Program’s Insurance Component

November 24, 2008
AND MATT BRADY

An Aon Corp. official speaking on behalf of a national brokerage group urged the Treasury Department last week to make use of the yet to be developed insurance component of the Troubled Asset Relief Program as a means of opening up tight U.S. credit markets.