Toyota still in the hot seat

The end of the Toyota drama has long been an issue that many people have been looking forward to. The Obama administration will soon release a preview of the motor corporation’s electronic throttles concerning accidental acceleration complaints.  In its premature investigation stage, the Transportation Department stated that it did not find any general flaws in Toyota’s or Lexus’ software driven system during the event of 2 huge recalls last 2009 and 2010. Edmunds.com chief executive Jeremy Anwyl said that if the department found something, he believes that it is impossible…

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Crack down on auto insurance cheats

The Independent Democratic Conference wants to target what they call “auto insurance cheats,” and hold them accountable for supposed wrongdoings. The IDC wants to crack down on rate evasion, in which drivers living in areas whose auto insurance rates are high register their vehicles out of state to take advantage of cheaper coverage. Diane Savino, Senator of Staten Island, decried the practice as “an illegal and costly scam.” She claims that rate evasion steals nearly $1 million in revenue for the state each year from registration and other fees. Savino…

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Insurance study shows red light cameras are saving lives

 The findings by the institute, which is a nonprofit group funded by the insurance industry, states that in 14 of the largest cities in America, 159 lives were saved during the time-frame of 2004 to 2008 due to red-light cameras.  The design of the camera is to capture motor vehicles that are running red lights. Researchers claim if they had been operating in all large cities in America during this time-frame, 815 lives would have been saved.  Red-light crashes or T-bone crashes as they are often referred to are some…

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Largest insurer in Europe encourages consumers to shop their car insurance

Allianz, one of the biggest insurers in Europe, is anticipating that 1 in 10 drivers will cut back their auto insurance coverage this year. In an effort to retain customers, they have launched a new service called, “Your Cover Car Insurance”. Exclusive to online users, Your Cover is designed to help motorists see if they can keep the same amount of coverage they currently have but for a lower price. An independent study conducted on behalf of Your Cover showed that 10% of drivers are looking to cut back on…

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Damages start to add up for recent storm disasters

AIR Worldwide, a catastrophe modeling firm, is estimating that the damages from the ongoing winter storm ravaging the north-eastern United States, a storm the firm claims is the largest since the 1950’s, could be affecting more that 100 million people across 30 states. Insurers are saying the cost of damages to properties, automobiles, and persons could be as much as $1.4 billion – that would be the cost when the storm was at its peak during February 1st and 2nd. The storm broke snowfall records for most of the state…

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Newly proposed crash tax spreading throughout the U.S.

The Sacramento City Council, on Thursday, approved a new city ordinance, known as a “crash tax”, affecting out of town drivers. The tax will be levied against visiting drivers that get into accidents and the funds will be given to the fire department’s response services. The fee would only apply in the non-resident driver was found at fault by insurers. Business owners that live outside of the city but still have property within its limits would be exempt from the crash tax. The ordinance has strong opposition and many are…

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Mayor of Roselle’s third term campaign clouded by claims of insurance fraud

Garrett Smith, mayor of Roselle in Union County NJ, announced Tuesday that he would be seeking a third term. Reasons cited by Smith include his belief in what they are doing and the feelings that his campaign is “stronger than ever.” He found significant support from the residents of Roselle. On Wednesday, Mayor Smith was indicted for fleeing the scene, insurance fraud and the filing of a false police report. If found guilty, Smith could face up to ten years in prison as well as being unable to hold public…

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Californian’s now have more choices in auto insurance

Daniel Rorapaugh, CEO of AA Auto Protection, stated on January 18th that their company is now able to offer Mechanical Breakdown Insurance (MBI) to those in California. It was a difficult process, but since approved, there are more options available to drivers in California. Before their approval, brokers didn’t have this coverage to offer. MBI coverage is a policy that covers you if your car malfunctions and needs repairs. With purchasing this type of policy, drivers are offered some protection from high mechanic’s bills. Depending on the level of coverage…

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New York’s fire department proposes unpopular “Crash Tax”

The Stanton Island City Council has been pushing around a new proposal that is being referred to as, “crash tax”. This new fee will be assessed to both drivers, whether at fault or not, and can become effective as early as this July. The FDNY will charge $490 to each driver involved in accidents resulting in injuries, $415 for vehicle fires and $365 for just showing up. In a statement from FDNY spokesman Steve Ritea, “The intention here is to take the burden off of taxpayers and make the parties…

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Newly Republican backed bill strongly critized

A recent Republican backed bill could make drivers in Wisconsin a lot more at  risk. Critics of the bill said that it would revoke provisions in the state budget establishing minimum coverage levels for liability and replace them with much lower standards. Car insurance would still be mandatory, but the minimum levels of coverage would drop. Democrats rallied against the proposition before the Senate and Assembly insurance committees, saying that the reduced levels could take money away from drivers recovering from accidents. Democrats also criticize that there is no evidence suggesting…

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