Driverless vehicles may be a threat to the auto insurance industry

S.Vagus
Driverless self-driving car Google auto insurance

Allstate predicts that autonomous cars will have an impact on the insurance industry Driverless vehicles may pose a potential threat to the auto insurance industry, according to Allstate. The company has filed its annual 2015 report, suggesting that autonomous cars could impact the industry in a significant manner. These vehicles are equipped with technology that take the human equation out of driving. Most car accidents are caused by human error, which makes the need for insurance coverage quite abundant. Allstate is concerned that autonomous vehicles will reduce the need for…

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Oil insurance expiration may cease Japan’s imports of Iranian crude

G. Turner
oil insurance tanker ship

The country has been providing its own cover for tankers making the shipments and this may not renew. This month will likely start the cessation of the importing of Iranian crude in Japan as it is allowing its self-provided oil insurance to expire and has not yet established a new way to cover the tankers. Japan first created its own special shipping insurance coverage to overcome prior sanctions against Iran. Since the oil insurance is set to expire with the close of March, the country will be ceasing its loading…

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Covered California sparks more competition in state’s health insurance market

Logan B.
California health insurance industry agent

Competition in California insurance market is growing thanks to the state’s exchange California’s health insurance exchange, called Covered California, has released a new enrollment report. The report shows that the state’s exchange has had a significant impact on competition in the California insurance market. The exchange has lead aggressive negotiations with insurance companies, ensuring that competition remains strong and consumers have a wealth of options when it comes to finding the coverage that they need. According to Covered California, more than 439,000 new people have enrolled into the exchange. 439,000…

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A digital tire pressure gauge can boost vehicle control on wet roads

Julie Campbell
snow winter road safety ice auto insurance digital tire pressure gauge

When wet roads ice over, or when they are simply slick with water, proper tire inflation makes a difference. Accidents happen every day and when drivers fail to take the additional steps to maintain their vehicles, such as skipping the use of a digital tire pressure gauge that would check their inflation, they place themselves at an increase risk of experiencing a crash. This problem only gets worse in the winter and spring when the roads are icy, wet and slippery. Whether you live in a place where the roads…

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Canadians wrongly feel they have flood insurance with their homeowners policies

Julie Campbell
flood insurance storm damage

A recent study has found that 65 percent of people in that country believe they have protection they don’t. A recent survey conducted by Square One has determined that among the 1,500 Canadian participants, 65 percent erroneously believed that they had flood insurance included within their homeowners policies. This misconception about the coverage was more common in some provinces than it was in others. For instance, homeowners insurance customers living in Manitoba were the most likely to think they were protected against overland flooding. Equally, those in Saskatchewan were the…

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