Auto Insurance News Archive for 2012

  • Storms Cause Damage in Ohio for More Than $433 Million

    by Richard Burton
    Storms Cause Damage in Ohio for More Than $433 Million

    Strong storms hit the state of Ohio at the end of June this year. The storms occurred between June 29 and July 2. The Ohio Insurance Institute has estimated that the damages that the storms caused to the state were at least $433 million.

  • Sprint Woos Auto Insurance Carriers Offering Tracking Device and Monitoring Driving Behaviors

    by Richard Burton
    Sprint Woos Auto Insurance Carriers Offering Tracking Device and Monitoring Driving Behaviors

    Sprint is basically a large name in wireless products and services. However, it is turning its attention to another new area. Sprint is based at Overland Park, Kansas. Sprint has recently launched a set of end-to-end, integrated usage-based auto insurance services, termed as Integrated Insurance Solutions (IIS). These insurance services have been specially designed to target the auto insurance industry.

  • The Uncertainty of Car Insurance Rate

    by Richard Burton
    The Uncertainty of Car Insurance Rate

    Do you know that lots of car insurance owners these days were very much disappointed because of the high premiums that they need to pay for this year? There is an insurance holder who testified that her husband has been insured for so many years now and they have missed out a payment, her husband never had any accident record, no arrest at all, yet they were charged with more than $600 in their insurance.

  • Drive Wise, Usage-Based Auto Insurance Program of Allstate Tested by Agency Owners and Employees

    by Richard Burton
    Drive Wise, Usage-Based Auto Insurance Program of Allstate Tested by Agency Owners and Employees

    Drive Wise is a new initiative by Allstate, offering usage-based auto insurance program. Many agency owners and employees of Allstate are showing interest in this program and are testing it actively. This program tracks the driving records of individuals, resulting in considerable saving in auto insurance premiums with Allstate.

  • New Study Reveals Premiums of Teenagers are Double that of Older Adults

    by Richard Burton
    New Study Reveals Premiums of Teenagers are Double that of Older Adults

    A New York-based study on auto insurance focusing on the premium amounts paid by teenage drivers show that age is a crucial factor in the way insurance companies calculate premiums for insurance coverage of vehicles.

  • Surge in Car Insurance Rates Have Become Common

    by Richard Burton
    Surge in Car Insurance Rates Have Become Common

    Car owners have been receiving letters from their auto insurance companies from the beginning of this year. All the letters carry a uniform message that their car insurance premiums have gone up and in many cases by substantial amounts.

  • Premium U.S. Car Rental Company Hertz Introducing Porsche into Its Fleet Soon

    by Richard Burton
    Premium U.S. Car Rental Company Hertz Introducing Porsche into Its Fleet Soon

    PARK RIDGE, NJ–July 11, 2012:  The Hertz Corporation today announced its grand news of launching the Italian giant Porsche in its fleet all across the U.S. With this remarkable announcement the leading car rental company has become the foremost organization to procure the blazing sports cars from the ostentatious Italian auto manufacturer Porsche. Hertz is facilitating its targeted clientele to rent a limited edition of the top brass Panamera sport sedans, under its belt of “Hertz Prestige Collection.” This facility has been possible with the association between the Porsche Motorsport North America, Inc. (PMNA), Hertz, and the Porsche Cars North … (more) July 11, 2012

  • Credit Surge on Auto Loans

    by Richard Burton
    Credit Surge on Auto Loans

    The automobile industry is on a new peak in terms of funds being disbursed by auto loan finance institutions. The concept of auto finance loans is a relatively new endeavor that started early in the year 2012 between January and March, and has seen a steady increase in its potential and growth.

  • Hands free controls annoy U.S. auto buyers: JD Power

    by Richard Burton
    Hands free controls annoy U.S. auto buyers: JD Power

    Consumers persist to be baffled by the latest equipment such as voice activated reins in their latest trucks and cars, but overall, automobile quality in the U.S. has never been superior, said J.D. Power as well as Associates.

  • Lexus tops car superiority study as trade improves

    by Richard Burton
    Lexus tops car superiority study as trade improves

    Lexus manufacturers one of the best quality vehicles in the United States, and Car makers overall are far better at reducing problems, which land cars in the vendor’s shop, according to the latest survey of auto owners.

  • Fisker from Finland not going good in Americas automobile industry

    by Richard Burton
    Fisker from Finland not going good in Americas automobile industry

    There have been a lot of speculations regarding the Fisker Automotives & there inclusion in the American car manufacturing fraternity. The company is under the radar after a lot of incidents & certain financial issues.

  • Auto insurance rates in massachusetts trends North

    by Richard Burton
    Auto insurance rates in massachusetts trends North

    The auto insurance rates in the state of Massachusetts, which saw a decline with the increase in the competition in this region about four years ago, is now trending up north. A number of auto insurance providers in the state have increased their auto insurance premiums over the last 24 months in order to keep pace with the increasing costs associated with car thefts, accidents and medical treatment for injuries.

  • PIP Auto insurance law flawed, claims lawmaker

    by Richard Burton
    PIP Auto insurance law flawed, claims lawmaker

    One of the lawmakers in the state of Florida is claiming that there is a glitch in new reforms that have been implemented, allowing insurance providers to deny claims to policy holders.

  • 10% U.S. market share for Honda after Q1 profit rise

    by Richard Burton
    10% U.S. market share for Honda after Q1 profit rise

    TOKYO- Honda just announced that the operating profit doubled after the company recovered from last year’s natural disaster. The year ahead is predicted to have a nearly tripling operating profit. The Asian sales are now surging, while the company registered a boost of its sales on the American market too. The company released a report that was offering details regarding the operating profit. The January-March number is of $1.4 billion (118.98 billion yen), a raise from the last year’s 46.21 billion yen. The net profit, which also includes the sales on the Chinese market, is of 60.7%, another rise from … (more) May 1, 2012

  • American bonds issuance of Auto-loans can see its pre crisis level, in 2012

    by Richard Burton
    American bonds issuance of Auto-loans can see its pre crisis level, in 2012

    The volumes of Auto ABS issuance can reach its pre crisis levels on this year. This has been projected by two of The US Banks which had revised their forecast and projected higher figures this week. The total volumes of ABS can set a record seen after 2008.

  • A slight U.S economy growth leading to a financial moderation

    by Richard Burton
    A slight U.S economy growth leading to a financial moderation

    U.S. economic growth has slowed down in the first quarter. One of the reasons is the slowing down of the completion of inventories by small, medium and big companies. The economic growth modestly cooled despite a growth in homebuilding and the demand of automobiles. A 2.5 percent expansion is expected for the gross domestic product, which would moderate the fourth quarter’s pace of 3%.

  • The first quarter profit of 3M has surpassed all the estimates of analysts for US

    by Richard Burton
    The first quarter profit of 3M has surpassed all the estimates of analysts for US

    The manufacturer of fuel system tune-up gears and Post-it notes made a profit in their first quarter which had surpassed all the estimates of the analysts. This happened due to a hike of demand both in industries and automobiles.