Auto Insurance News Archive for April, 2010

Car damage claims set to rise in 2010
by Jeanny Hopper

Recent news foresees a high rise in insurance claims this year for car damages. This news, reported from various car insurance companies throughout the UK and United States in addition to local police reports, directs this anticipated dilemma to the increasing percentage of irresponsible car owners, young and inexperienced drivers, damage brought by natural disasters, deficient car insurance policies and premiums, and, non-car insurance coverage holders. Safety on the road is always number one for every car owner. Governments of UK and US have been growing concerns on road safety, thus their calls on safety measures instructed strictly in the … (more) April 13, 2010
The Global Economy Meltdown and Car Insurance Companies
by Jeanny Hopper

Insurance companies have spoken and broadsheets have announced…no company is being wasted by the global economy meltdown. One by one, insurance companies lose one tire in the leg of the race in the competition to service delivery to every insurance holder in the country. Even the biggest was not spared. The most recent of reports announced State Farm—one of the biggest insurance corporations, was badly hit by the wave of critical dilemmas of the economic crisis. From investigation backed up by statements and reports from the company, 2008 was the biggest lost yet, with a sum total of USD 542 … (more) April 12, 2010
‘Pay By The Mile’ Pours Smiles Out Of Texans
by Jeanny Hopper

The recent launch of the new insurance program by milemeters that quotes ‘pay as you drive’ is being generously praised by funds of environment defense. This launch took place in Texas to provide the less mileage drivers, minimum premiums than the regular rates of insurance companies. This has brought a smile to the thousands of Texans who have been looking for some sort of relief in their auto insurance premiums. On October 15, Milemeter gave away this plan, to implement auto insurance that calculates premiums that are based on the miles driven by the person. The product was launched in … (more) April 11, 2010
Insurance Fraud Busted
by Jeanny Hopper

Lying to his insurance company about vehicle damage to claim insurance did not do Louis Herman Watson any good last April 5, 2010. He was arrested for insurance fraud as he allegedly reported false facts to claim insurance money. His statements that were provided by police investigation brought in this truth as he declared damage and theft while his car was parked at the Ontario International Airport. This, according to the airport report files was a lie, for there was not a car named under him during the days that the offender claims. In the arrest of Watson last March … (more) April 10, 2010
Client Letter Ranks One for the Trusted Insurance Company
by Jeanny Hopper

Client Letter of Top Down Systems Corporation has recently been chosen by New Jersey’s High Point Property and Casualty Insurance Company to aid in its document automation solution. Client Letter is innovative software that delivers to car insurance needs, focusing on document process and back-up systems. Working towards a goal of delivering to all client needs including letter correspondence to customer service through calls, this document automation software is said to give clients a more hassle-free customer care support from the insurance company. Clients of High Point Property and Casualty Insurance Company and its affiliates will now enjoy an easy-to-use … (more) April 9, 2010
Auto insurance fraud sends 24 to jail
by Jeanny Hopper

In a shocking incident, about 24 people were accused of being insurance and other related frauds. This group had 17 residents from New York, 6 residents from New Jersey and one resident from Pennsylvania. General Tom Corbett, the attorney from Pennsylvania said that most of the accused said they belonged to Pennsylvania in order to get low rates on their auto insurances. People from out of the state, would claim to be from PV and produce wrong information to the transportation department to get licenses, and further, these details would be used to make insurance. These people came under the … (more) April 8, 2010
More Effective Auto Insurance in 2010
by Jeanny Hopper

The percentage of uninsured drivers in the United States has come down to 13.5% from the earlier 14.9%* as a result of focused efforts made in the beginning of 2010. These positive results can be attributed to a concerted effort by various states to promote public safety across the country. This is certainly a welcome trend, considering that earlier legislative actions to bring down the number of uninsured motorists were relatively slow to show results. This trend, which has been mapped by the Insurance Research Council, takes into account the number of insurance claims filed by individuals, and calculates the … (more) April 7, 2010
Michigan Auto Insurance Bills Left Undecided, Senate Takes Off!
by Jeanny Hopper

The senate of Michigan took off even without taking any sort of action just before Christmas when the bill package for casualty or property insurance was passed already by the house representatives. According to the package, the commissioner of insurance would get more power of authority along with other things. He would have more authority over strips and rate insurers of their capability to use credit points, levels of education and their other qualifications in fields of occupation in underwriting. Melvin Butch Hollowell, the state’s consumer advocate shows reports presented by the legislation of its recommendations in February. The supporters … (more) April 6, 2010
CLCA shoots up, 788 applicants in ONE month!
by Jeanny Hopper

Steve Poizner, the commissioner for insurance in California pointed out that the program involved in low cost of auto insurance in California saw a remarkable increase in the number of applicants who had enrolled in it this February making this the highest number as compared to the previous years. This low cost program experienced a thrilling shoot up in the number of applicants touching 788 in just one month. Till date in 2010, the program has seen an increase of 30% in terms of its users more than it did around the same time last year. Last year, there was … (more) April 5, 2010
Auto Insurance Assessment moves up north by 14% in Michigan
by Jeanny Hopper

Starting 1st July, 2010 till 30th June 2011, the cost of assessment by Michigan Catastrophic Claims Association for the insurance providers will cost $143.09 per vehicle insured by them. Last year the prices dropped by $18, but then increased by around $20 and currently, the assessment by the MCCA stands at $124.89. The no fault insurance law in Michigan states that the cost that might be incurred by the MCCA during the course of the coverage period should be covered by the premium for the policy. All or some of the deficits incurred by the MCCA also needs to be … (more) April 4, 2010
Increasing Medical Costs down the Popularity of No-Fault Auto Insurance
by Jeanny Hopper

A couple of years ago almost every other person who was eligible for the no-fault auto insurance policy was looking out to buy one in order to keep the premiums minimal and reduce court fees. However, today, the no-fault auto insurance has no takers since it failed to live up to its goals and policy guidelines. The no-fault insurance came into being in order to provide low cost car insurance to consumers by reducing the court fees. However, this backfired since the cost of the medical bills rose, thanks to this policy. James Anderson, a researcher and lead author of … (more) April 3, 2010
Electronic Insurance System for verifying auto insurance in West Virginia
by Jeanny Hopper

The lawmakers in West Virginia are making it easy for the courts and police professionals to check if a particular driver has the minimum insurance liability specified by the state. This measure, which already had the backing of the Senate, has now been approved by the house. This electronic verification system, being developed by Division of Motor Vehicles, will check the credibility of the insurance coverage by contacting the insurance providers. This system will need to cooperation of the insurance providers to make it a success. The bill now awaits the signature of Governor Joe Manchin for implementation purposes. The … (more) April 2, 2010
Aging without Worries with AXA’s New Auto Insurance Plans for Older Drivers
by Jeanny Hopper

What can you expect when you reach 40, 50, 60, and so on? Of course, there’s your upcoming retirement, increase on health benefits, senior citizen discounts and—higher car insurance premiums. Just recently, AXA Group already set its foot onto the car insurance realm and offered a 90% discount on older drivers who apply for auto insurance. A 30 second commercial was also released to back up this campaign. The commercial depicts a normal scenario in the pedestrian with people bumping with each other, saying that this is not a normal scenario in the side street but become common on the … (more) April 1, 2010