Most Recent Auto Insurance News in State Insurance News

• Florida legislature contemplating new rules for auto insurance

  by Richard Burton
  

  The ever increasing rates of auto insurance in the state of Florida have instigated the legislature in the state to come up with new moves to curtail this price rise. The legislature is considering making changes to the personal injury protection insurance which is one of the main reasons for the increase in insurance premiums. A large number of customers with the PIP insurance plans are filing fraudulent claims in large numbers which in turn is leading to increased cost for auto insurance providers. In a bid to curtail their losses, auto insurance companies are increasing the premiums on all … (more) January 30, 2012

• Auto insurance rates in New Jersey on the rise

  by Richard Burton
  

  As per the most recent data from the National Association of Insurance Commissioners, the average premiums rates for auto insurance policies in New Jersey has increased over the last few months. The insurance regulators in this state and also the other representatives of this industry place the blame on the increasing cost of availing the personal injury protection plan. The figures released on Tuesday after the completion of an NAIC study said that the average cost of insurance a personal vehicle in New Jersey has risen from $1,198 to $1,218. The premium for comprehensive auto insurance, collision insurance and liability … (more) January 25, 2012

• Large scale auto insurance fraud being investigated by the State

  by Richard Burton
  

  State investigators in Tallahassee are mulling over the possibility of filing criminal charges after unearthing violations in over ninety percent of clinics that have provided treatment to patients involved in accidents in Miami-Dade county. One of the reports filed by AHCA (Agency For Health Care Administration) unveiled the fact that these discrepancies were found during the latest sweep conducted over three days by the investigators in the Miami-Dade county. One among the 49 cases that were investigated showed that the customer has charged the insurance company up to $19000 under PIP while the money was actually used for massage therapy. … (more) January 22, 2012

• Instant scrapping of stolen vehicles will be stopped if bill gets through

  by Richard Burton
  

  In South Carolina, one does not require proof of ownership in order to sell vehicles that are eight years old or even older. So, it is easy for car thieves in South Carolina as they can simply steal an older vehicle and sell it to a scrap dealer and take cash in return. Senator Joel Lourie from Richland states that South Carolina is a thriving area for car thieves. Lourie is the lead sponsor of the Bill that is likely to make things difficult for car thieves who steal older vehicles in order to dispose them off quickly to scrap … (more) January 16, 2012

• Auto insurance risk shows slight increase after a series of quarterly declines

  by Richard Burton
  

  TransUnion’s Index for Auto Insurance Risk showed a marginal increase of about 0.03% by the end of September 2011. After having experienced a series of declines in the last four quarters, the index registered at 98.85, which is 3 basis points more than the second quarter of 2011, and thirty one basis points lesser than last year around the same time. It is also seventy three basis points lesser than the second quarter results of 2009. Chet Wiermanski, global chief scientist from TransUnion has stated that the auto insurance risk is now transitioning towards a period of higher risk, going … (more) January 11, 2012

• Ban on drivers using electronic devices in the U.S.

  by Richard Burton
  

  The U.S. National Transportation Safety Board has imposed a ban on use of mobile phones by the drivers to prevent the distracted drive crash cases in the country on Thursday. While imposing the ban, Deborah Hersman, NTSB Chairman in Washington hearing exclaimed that a decision to this effect is taken to put a stop on distract driving, as no call or text is as important as human life. According to Kelly Nantel, an NTSB spokeswoman, the requisite mobile ban is not going to affect the global positioning systems being installed into automobiles such as General Motors Co.’s OnStar. Furthermore the … (more) January 9, 2012

• Ten supercars at Dubai motor show sold for $1.3 million each

  by Richard Burton
  

  Shelby Supercars (SSC) recently sold out a few of its mega-performance sports cars. Earlier they used to boast about being the manufacturer of the fastest car in the world. Founded in 1999,SSC – West Richland company in the sate of Washington has confirmed the sales booking of its latest model- Tuatara, at a whopping price tag of USD $1.3 million each for 10 cars, during the  Dubai International Motor Show in 2011. The two seater coupe which had a futuristic look is to be brought under production by the year 2012.  It is powered by a twin-turbocharged 6.6-liter V8 engine which offers … (more) January 5, 2012

• Build more FEVs, US government tells car makers

  by Richard Burton
  

  The U.S. Department of Transportation together with The Environmental Protection Agency asserted that by the year 2025 all vehicles which are manufactured in the United States will have a combined fuel efficiency of around 55 miles per gallon. This rule has been asserted by the President of the United States. Compared to other car manufacturing countries in the world; United States has the worst measured fuel economy performance. This has been declared by the International Council on Clean Transportation in the mid of the year. Coming to the figures reported by this council it has been said that the fuel … (more) December 25, 2011

• Arizona to cut down on uninsured motorists

  by Richard Burton
  

  There are lots of problems caused by uninsured motorists on the road. In cases of accidents, theft or property damage, uninsured motorists complicate issues for the authorities as well as for the victims. People think that by not opting for auto insurance, you can save money. This is not true-all you end up doing is to set yourself up for disaster. In an attempt to stem this trend of avoiding auto insurance, Arizona state government has taken some concrete steps. To this effect, the governor of Arizona, Jan Brewer, has put together a bill that aims at reducing the number … (more) December 16, 2011

• Beware of pseudo auto insurance companies

  by Richard Burton
  

  Insurance scams do not only originate from customers but also from companies. This auto news broadcast cautions customers to be aware of anything that sounds too good to be true. Quoting the cheapest rate does not necessarily validate the authenticity of the company.

• States where auto insurance is most expensive in 2011

  by Richard Burton

  Auto insurance is one thing that is very important for those who drive because accidents are inevitable and can happen at any point of time, irrespective of whether it is affordable or expensive.

• Progressive snapshot discount providing benefits to drivers in Mississippi

  by Richard Burton
  

  It is a well known fact that Auto Insurance is a must buy thing and it is better not to compromise in relation to its cost. However, there are new ways to get cheap auto insurance are coming up.

• Improvements in SUV Safety is helpful in reducing auto insurance rates

  by Richard Burton
  

  Sport utility vehicles are getting safer to drive because of electronic stability control and have resulted in reducing auto insurance rates to a great extent.

• Auto insurance crisis in Florida on a rise regardless of a crackdown

  by Richard Burton
  

  With insurers offering an alternative in terms of uninsured motorist coverage, it does not come up as a surprise to see around a third of the state’s motorists driving around breaking the law with no insurance on automobiles. The lawmakers need to think of other alternatives like, reducing insurance rates to cut down on the percentage of the uninsured motorists across Florida.

• Michigan Unlimited Care Will be Limited

  by Richard Burton
  

  There is an ongoing disagreement in Michigan concerning the no-fault insurance system. The state House Insurance Committee is listening to all the opinions of people concerning the issue of changing the maximum coverage of the no-fault insurance system. Under the proposed legislation, the unlimited lifetime medical care will be made an option to policy holders. Michigan has been providing the unlimited medical service for the last 33 years. But the new proposal is saying that the unlimited care will no longer be an option but instead they are offering a maximum coverage of $5 million dollars. According to some people … (more) November 15, 2011

• Guidewire solution endowed with claims management by California state auto group

  by Richard Burton
  

  With California State Auto Group and Guidewire Solution coming together, customers are sure to have the best auto insurance claim management. The auto insurance claims that took a long time to be settled previously would take little time to get solved with this collaboration and the services would be provided at all global locations.

• Changes in auto insurance face opposition from Michigan democrats

  by Richard Burton
  

  The proposed changes to the auto insurance laws are being vehemently opposed by the Michigan Democrats. This includes putting an end to the unique requirements for covering those injured in accidents. The Democrats have stated that they would be opposing these changes to the auto insurance system in Michigan. Till date, only the state of Michigan mandates that those who are seriously injured in accidents get uncapped medical coverage. As per the new proposals that may be considered in the GOP-led house, the motorists will have to choose between the $500,000, $1 million, or $5 million in PIP or Personal … (more) October 28, 2011