Most Recent Auto Insurance News in Local Insurance News

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

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

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

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 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

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

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

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

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.
Auto insurance scam cases on the rise in Kern county
by Richard Burton

There has been a recent rise in auto insurance fraud cases in Kern County in the US. Authorities are attempting to examine the causes as well as the possible solutions to stem this growing trend. While the scam is catching on in other parts of the United States too, Kern County seems to have the maximum cases at this point.
Simple points to remember while claiming auto insurance in USA
by Richard Burton

An unfortunate accident can happen with an automobile any time. Therefore, it is mandatory that the vehicle should be duly insured to get proper protection. Auto insurance claims in USA are quite difficult to obtain because of the large numbers of claims. Some simple ways can be followed to get the auto insurance claims settled.
Online auto insurance warns people to be aware of coming hurricane season in US
by Richard Burton

It is always good to prepare for the hurricane season in the USA that begins from June and ends in November. Online Auto Insurance warns people to remain prepared for the season in advance so that they can get their auto insurance claims in case of automobile damage in the disaster.
The reforms in auto insurance are needed to target fraud
by Richard Burton

The locals in Florida are trying to find ways in order to defraud or exploit the system of no-fault auto insurance. Hence, the need for a reform to target fraud and stop it has become pertinent.
Unfair Treatment from Auto Insurers
by Richard Burton

It is mandatory for car owners in the U.S. to have auto insurance. But many Americans feel that because of this law, their rights as policy holders are being abused. In the past, if a driver has no history of traffic violations he is being rewarded by his auto insurance company in the form of discounted monthly premium. He is considered a responsible driver by the auto insurance company because of his untarnished driving record and on time monthly payments. But things have changed after insurance companies require a background check on the credit history of applicants. The economic crisis … (more) November 22, 2011
Recent Study of U.S. Worst Drivers
by Richard Burton

It is mandatory for all American citizens to get auto insurance policy when they are driving their own cars. And because of this, auto insurance companies are checking the driver’s driving records to know if they are responsible drivers and they have no traffic records or violations. Drivers with traffic violations are asked by insurance companies to pay high monthly premium. This is because they belong to the group of high risk drivers. The more delinquent you are as a driver, the higher your monthly premium is. There was a recent study of the worst drivers in the U.S. The … (more) November 18, 2011
Huge payouts due to natural disasters can lead to rise in auto insurance rate
by Richard Burton

The insurance companies had to make large payouts for the damage cause by natural disasters and this may increase the auto insurance rate.
Great Losses in Auto Insurance Revenues Due to Misinformation
by Richard Burton

Recent study shows that auto insurance companies are losing billions of dollars in revenues because of the wrong information written by policy holders in auto insurance application forms. The study says that because of the incorrect or misleading information that were supplied by policy holders, the auto insurance companies undercharged policy holders by $15.4 billion. The study was conducted by Quality Planning Corporation, a group connected with Verisk Analytics. They claim that because of discrepancies in the information given by policy holders, the right amount of monthly premiums were not collected by auto insurance companies, resulting in huge amount of … (more) November 10, 2011
Dangerous Accidents on the Road
by Richard Burton

The rise in the number of cars around the U.S. and the increasing number of young drivers are the major causes of fatalities on the road. American drivers are mandated by law to have auto insurance. But some Americans are not following the law, resulting to road accidents. According to an Allstate Insurance survey 8 out of 10 American motorist believe that they will not be stranded on the roadside if their cars crash or breakdown. Polls show that 84% are confident that they will not have a serious road accident despite the fact that some of the drivers that … (more) November 6, 2011