Worried Consumers Study Insurance Options

American consumers and businesses aren't waiting for a new national political administration to take office and introduce promised healthcare reforms. They're exploring for themselves in record numbers insurance coverage options and available economies, the independent Insurance Bureau reported today

Los Angeles, CA (PRWEB) November 23, 2008 -- American consumers and businesses aren't waiting for a new national political administration to take office and introduce promised healthcare reforms. They're exploring for themselves in record numbers insurance coverage options and available economies, the independent Insurance Bureau reported today.

Insurance Bureau statistics for the period of October 15 - November 15, 2008 show a "significant increase" in traffic at www.InsuranceBureau.com as users look to compare prices and find bargains on all types of insurances. Bureau officials reported that site activity has more than doubled in the past 30 days.

"In addition to competitive pricing, a record number of consumers are wondering just how solid and solvent their existing coverage really is, especially during these challenging economic times. And they're worried," said Eric Oster, President and CEO of the Insurance Bureau.

"Our independent website is an excellent barometer of marketplace activity and interest because it provides comprehensive information and pricing comparisons that give consumers real power. They can easily identify and understand their existing carrier's ratings, and how changes in those ratings affect them." Oster noted that many insurers -- even those thought "bulletproof" just a few short months ago -- have experienced unpredicted rating reductions during the current economic crisis. "We're seeing across-the-board changes in the ratings of companies both large and small. Many are now as low as Class B or worse. These published ratings," he continued, "give policy holders the information they need to make smart financial decisions for themselves, their families and their businesses."

As the premier U.S. online insurance information source, www.InsuranceBureau.com has become a clearing house for all types of market intelligence relating to auto, home, health, life, business, long-term care (LTC), disability, annuity, and renters insurance.

For information: http://www.insurancebureau.com or

Contact: eoster at itsolinc dot us

Phone: (800) 647-2164

Contact: Eric Oster

InsuranceBureau.com

Phone: (800) 647-2164

Fax: (866) 380-0219

http://www.insurancebureau.com

EDITORS: Mr. Oster is available for interviews to discuss current insurance industry trends and practices, as well as insurancebureau.com operations and benefits. Please contact John Juneau at 310-320-8832 ext. 202 to arrange an interview.

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