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G & H Financial Insurance Services, Inc. Blog: 9_2011

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The end of September marks the end of Atlantic hurricane season’s peak. However, the possibility of hurricanes developing in the fall months remains, as the season doesn’t officially end until November 30. In fact, some of the most destructive hurricanes in history have taken place in October and November. READ MORE >>

Reebok International Ltd. will pay $25 million to customers to settle charges by the Federal Trade Commission that it made deceptive claims in ads that its toning shoes would measurably strengthen the legs and buttocks of those who wear them. Reebok, based in Canton, Mass. READ MORE >>

While it was thought earlier this month that Texas wildfires this year would cause insured losses of around $250 million, it is now estimated that losses could be twice that amount. Mark Hanna, public relations manager for the Insurance Council of Texas says losses from the Bastrop fire alone are thought to be around $250 million, making it the costliest fire in Texas history. READ MORE >>

Dogs and insurance have been at odds for years and, because of some extremely bad claims situations, some carriers maintain lists of restricted breeds—breeds the carriers would not place homeowners' coverage on due to perceived aggressive tendencies. READ MORE >>

There are many insurance companies, so choosing between them can be a challenge. Here are the main points to keep in mind when selecting an insurance company: Licensing Not every company is licensed to operate in each state. READ MORE >>

Attorneys for Facebook and its founder, Mark Zuckerberg, say they’ve found “smoking gun” evidence on a New York man’s computer proving he made up his claim that a contract he signed with Zuckerberg in 2003 makes him part owner of the social network. READ MORE >>

It’s as big as a bus and weighs 6 tons, but officials probably will never be able to pinpoint exactly where a massive NASA satellite plummeted to Earth. NASA space junk scientists believe that all – or nearly all – of the parts of their 20-year-old dead satellite safely plunged into the Pacific Ocean, likely missing land. READ MORE >>

A man who stole approximately 16,000 identities, including those belonging to active duty and reserve U.S. service members, and used them to defraud the Army and Air Force Exchange Service (AAFES), was sentenced this week in a Dallas federal court. Rene Quimby, 42, was sentenced to 75 months in federal prison and ordered to pay $210. READ MORE >>

The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of conspiracy to commit wire fraud involving almost $1 million in loss to the victim company, according to the U.S. attorney’s office. U.S. READ MORE >>

Texas property blackened by wildfires may suffer reductions in value by as much as 50 to 60 percent and a full recovery could take years, according to Lewis Realty Advisors, a Texas-based real estate appraisal and consulting firm. NASA Earth Observatory image created by Jesse Allen READ MORE >>

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