Why ID theft insurance might not be worth it. MSNBC

Statement of Treasury Secretary John W. Snow On Protecting Americans from Identity TheftUnited States Department of the Treasury Wed, 10 May 2006 11:32 AM PDT"Perhaps the most serious threat to financial consumers today is identity theft. Identity thieves are clever, adaptable, and heartless. Woman pleads guilty to identity theft and wire fraudRichmond Times-Dispatch Wed, 10 May 2006 3:16 AM PDTKym Salisha Saloman pleaded guilty yesterday to federal charges of wire fraud and aggravated identity theft for setting up a fake mortgage loan on her own West End residence. Bill would protect against identity theftThe News Journal Wed, 10 May 2006 2:24 AM PDTDOVER -- Delaware residents concerned about identity theft would get some protection under a proposed law allowing them to freeze access to their credit reports. Identifying, preventing, and protecting yourself from identity theftKTBS Tue, 09 May 2006 4:22 PM PDTYou may already be a victim and not know it. That's one of the problems of identity theft. Here's some ideas on preventing I-D theft, how to discover if you've been victimized, and how insurance may protect you. ID theft hearing waivedThe Grand Rapids Press Wed, 10 May 2006 8:10 AM PDTAn Indiana man accused of stalking West Michigan television reporters waived his preliminary examination Tuesday in Grand Rapids District Court. Marco Munoz, 39, of Evansville, Ind., earlier pleaded no contest in Wexford County to attempted identity theft of a Cadillac reporter. FTC Launches Nationwide ID Theft Education CampaignFederal Trade Commission Wed, 10 May 2006 11:04 AM PDTYou can take steps to minimize your risk of becoming a victim of identity theft. That is the message of a nationwide education program launched today by the Federal Trade Commission:“AvoID Theft: Deter, Detect, Defend. House ID-theft bill broadenedPioneer Press Wed, 10 May 2006 1:06 AM PDTAll Minnesotans and not just victims of identity theft would be able to freeze their credit reports to keep out identity thieves under a compromise bill that is trying to make it to the floor of the Minnesota House for approval before the session ends May 22. ID Theft Victims Learn to RecoverKGBT 4 Rio Grande Valley Tue, 09 May 2006 7:43 PM PDTThe number of identity theft cases continues to grow in the U.S., but many victims of these crimes don't know how to recover and get their identity back. Why ID theft insurance might not be worth itMSNBC Tue, 09 May 2006 12:06 PM PDTThis week, Herb tackles the question of identity theft insurance, which aims to protect consumers against the after-effects of one of the nation's fastest-growing crimes.