Most Recent Auto Insurance News in Local Insurance News

  • System for insurance rates divides insurers in North Carolina

    by Richard Burton
    System for insurance rates divides insurers in North Carolina

    The auto insurance industry in North Carolina stands divided over the system for insurance rates. The divided industry in this state will try to work towards bringing about a change in the existing regulatory system the following year.

  • Auto insurance laws further enforced in Oklahoma

    by Richard Burton
    Auto insurance laws further enforced in Oklahoma

    Driving without insurance on the streets of Oklahoma is probably one of the worst mistakes that you can make. As an uninsured motorist, you not only risk your vehicle and driving license, but also bank account, job and many more.

  • Massachusetts opens first Allstate Insurance office in two and a half decades

    by Richard Burton
    Massachusetts opens first Allstate Insurance office in two and a half decades

    After pulling out from the city two and half decades ago due to the stringent auto insurance laws in place during that decade, Allstate Insurance is now all set to open its doors to the drivers in this region all over again.

  • 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.

  • Proposal to allow traffic stops, even if it is only for insurance check

    by Richard Burton
    Proposal to allow traffic stops, even if it is only for insurance check

    A lawmaker from Oklahoma has proposed that law enforcement officers should be allowed to stop motorists just to check their auto insurance and see if it is up to date. In order to drive around legally in Oklahoma, you are supposed to obtain liability insurance. However, some feel that this proposal is totally unconstitutional. Lindsay Gallemore supports this proposal as she has been a victim in the recent times. During last summer, an uninsured motorist hit her causing a huge amount of damage. The driver was subsequently let off with just a ticket, while she ended up paying thousands of … (more) March 11, 2012

  • Auto insurance premiums higher for disabled according to new study

    by Richard Burton
    Auto insurance premiums higher for disabled according to new study

    Although there are laws against discriminatory practices, auto insurance premiums are much higher for the disabled according to a new study. The study has unveiled such discriminatory practices where the disabled are actually paying more to obtain auto insurance coverage when compared to individuals who are without disabilities. The Americans with Disabilities Act, 1990, states that discrimination is illegal, but despite that the disabled persons are made to cough up much more on their auto insurance premiums. A New York-based website that does ‘online insurance quote comparison’ has surveyed scores of individuals living in New York City and has done … (more) March 3, 2012

  • Innumerable proposals on auto insurance reforms – no consensus on any

    by Richard Burton
    Innumerable proposals on auto insurance reforms – no consensus on any

    Although there are a number of proposals that are being put forth by Republicans, there seems to be no consensus on any of them. Lawmakers in the state have been trying to bring about reforms with regard to the no-fault insurance laws in the state. As per the existing law, motorists carry a no-fault coverage of up to $10,000, where auto insurance companies are being forced to shell out the money regardless of who was at fault at the time of the accident. There are a number of fraudulent claims being made each year and this year alone the fraudulent … (more) February 22, 2012

  • Additional reforms necessary due to a rise in auto insurance costs

    by Richard Burton
    Additional reforms necessary due to a rise in auto insurance costs

    As per the reports from the NAIC or National Association of Insurance Commissioners, New Jersey had seen a rise in the combined average premium on personal auto insurance, during 2009.Sources from the insurance industry state that PIP costs have to be readjusted in order to maximize dollars for consumers and medical service providers as well.During 2010, the Department of Banking and Insurance had stated that increased rates were due to higher PIP costs. Hence, new PIP regulations had been proposed, where over 1,000 procedures would be added to the existing medical fee schedule. It also included bringing about reforms to … (more) February 12, 2012

  • Proposed State Initiative To Be Put On November Ballot

    by Richard Burton
    Proposed State Initiative To Be Put On November Ballot

    Auto insurance rates are likely to see a steep increase for Californians and this proposed initiative will be put on the November ballot. Debra Bowen, California Secretary states that the measure had been sponsored by Mercury Insurance, the auto insurance giant, who has managed to get adequate number of signatures required to qualify for the November ballot, which already has two other measures. The auto insurance initiative required at least 504,760 valid ‘petition signatures’ in order to qualify for the November ballot. This is equivalent to 5% of the total number of votes that were cast for the Governor during … (more) February 6, 2012

  • Auto brawl resurfaces again – parties insist it is not personal

    by Richard Burton
    Auto brawl resurfaces again – parties insist it is not personal

    The auto brawl has resurfaced gain, but Harvey Rosenfield and George Joseph insist that it is not personal. The rivalry dates back to 2009, when a billboard in Wilshire Boulevard in LA, declared that Mercury Insurance, founded by George Joseph – cannot be trusted. Harvey Rosenfield had written the 1988 initiative, which regulated auto insurance. The two of them have been at loggerheads for more than a quarter century. However, they always insist that the rivalry is not personal. Consumer Watchdog is an advocacy group based in Santa Monica, and was founded by Rosenfield. Last week, attorneys from Consumer Watchdog … (more) February 2, 2012

  • Auto insurance based on usage apt for pricing and handling claims

    by Richard Burton
    Auto insurance based on usage apt for pricing and handling claims

    The perks of usage based insurance policies for vehicles can go beyond just availing the insurance at the best prices. These policies can also help in curtailing fraud and inform policy holders about fuel consumption, CO2 emission, and other aspects that reduce the driving costs, says a recent Celent report. The recent Celent report titled “Telematics-Based Insurance: Has the time finally arrived?”clearly mentions that all insurance providers are clearing any obstacle that comes in the way of offering usage based auto insurance policies to their customers. Celent also goes on to say that the cost involved in purchasing the devices, … (more) January 20, 2012

  • Change is certain in an uncertain economy – western insurance agents roundtable

    by Richard Burton
    Change is certain in an uncertain economy – western insurance agents roundtable

    The first annual Insurance Industry Roundtable was held in Irvine, California recently. The topics of discussion included the need to gain proficiency in certain technologies, the economy, as well as the hard insurance market among other things. It was a daylong event and was attended by 23 professionals from the insurance industry. There were roundtable discussions regarding the present status of insurance industry and its future. It also included three presentations as well. A similar roundtable would be held every year by Rancho Cordova, a WIAA Education & Research Foundation, based in California. After the meeting commenced, the question of … (more) January 13, 2012

  • Auto insurance fraud cases accelerating

    by Richard Burton
    Auto insurance fraud cases accelerating

    Auto insurance companies have once again came into limelight, basically for fighting the duping acts of clients in the case of being charged for high premiums for their policies. Such scams hitting across the US has made the auto insurance companies to look into the matter with great concern. To overcome these instances, authorities are trying to convince the people that the relative cost of the premiums they need to pay are quite cheaper than for avoiding in purchasing the one. Following the scam the three claimants were found guilty before the court against the auto insurance fraud case for … (more) January 7, 2012

  • Asian auto stocks decline shares auto news report

    by Richard Burton
    Asian auto stocks decline shares auto news report

    With the decline in the US economy, the Asian markets have witnessed a steep decline in their auto share price as well. The sales of automobiles failed to recover, subsequently slowing down the speed of accelerating fiscal growth. The situation has driven analysts to estimate inferior rates for light-vehicle delivery for the current and next financial year. The two companies like General Motors and Chrysler have already warned the federal government and the shareholders that there is a huge chance of bankruptcy. If they are not provided with help now then they will surely die out within a few days. … (more) January 3, 2012

  • Cleaner air for California reports auto news

    by Richard Burton
    Cleaner air for California reports auto news

    The air quality regulation according to Auto news section of California has asserted new rules on Wednesday claiming to reduce the amount of green house gases and harmful gases from emissions by vehicles. They have proposed to bring in 1.4 million electric and hydrogen cars on the roads in the state of California by the year 2025 to attain a healthy air for the residents of the state. The Air Resources Board of the state said that this program initiated by the state government will not only help to reduce pollution to a great extent but also car drivers will … (more) January 1, 2012

  • Chevrolet volt crash reports auto news

    by Richard Burton
    Chevrolet volt crash reports auto news

    The federal government this year has ordered a probe into the crash reports of the car model Chevrolet Volt as part of a defect investigation into whether the car’s lithium ion batteries pose a fire risk after a wreck. General Motors engineers along with the government agency are trying to establish the grounds of a fire involving Chevy Volt that occurred in June. Upon completing the side-impact testing post three weeks, the hybrid plug-in car caught fire. Chevrolet Volt caught fire while parked in the storage facility, the flames spread to three adjacent parked automobiles. Further the tests conducted during … (more) December 22, 2011

  • Auto insurance to charge higher premiums for natural disasters

    by Richard Burton
    Auto insurance to charge higher premiums for natural disasters

    The US has been subject to a series of natural disasters recently. There have been storms, fires, and hurricanes etc which have caused damage worth billions of dollars. Auto insurance companies have raised the premiums for natural disasters as they have now become more frequent than they used to be.