Live Insurance News

Auto insurance is not covering 1 in 6 drivers in Colorado

August 19, 2014August 16, 2014 Julie Campbell

The number of motorists in the state who are uninsured is already considerable and now it is growing. According to recent statistics, the number of drivers who are using their vehicles along the streets and highways in Colorado but who do not have auto insurance policies is high and it is growing. Insurance industry stats say drivers will be in three to four crashes in their driving years, making coverage critical. These statistics cover everything from tiny fender benders to massive multi-vehicle pileups. When in Colorado, this situation becomes even…

Auto insurance regulations could be on their way for Ohio ride sharing

August 18, 2014August 16, 2014 G. Turner

Companies such as Lyft and Uber could soon be facing new rules with regards to their coverage. The director of the Ohio Department of Insurance, Lt. Governor Mary Taylor, announced at the end of last week that she would be putting her head together with other state commissioners over the weekend in order to discuss whether or not there should be auto insurance regulation for Uber, Lyft, and other ride sharing companies. According to Taylor, the goal is to make sure that consumers are adequately protected through proper steps. Taylor…

Auto insurance refund checks from ICBC delayed

August 4, 2014August 2, 2014 Julie Campbell

Canadian drivers in British Columbia will need to wait a little bit longer to receive their money. Although the checks were supposed to already have been mailed to auto insurance customers of ICBC in British Columbia, Canada, who had been found to be paying too much for their policies over the last few years, it seems that there has been a delay in the process. It has been discovered that the money hasn’t yet been sent out, after all, so customers will need to keep waiting. According to the staff…

Auto insurance becomes Walmart’s next business

May 5, 2014May 5, 2014 H. Cutner

Ever expanding into every industry, the retail giant has now stepped into selling vehicle coverage. Walmart has announced that it is stepping into the auto insurance business in what it calls its expanding effort to ensure that consumers are always paying the lowest prices for everything that they need. This, according to a recent news announcement that was made by the retailer. The largest retailer in the world has revealed its partnership with AutoInsurance.com, which is a website that provides price comparisons and policy shopping services. That site was formed…

Auto insurance now offered to cover GM loaners for ignition switch recall

March 28, 2014March 28, 2014 H. Cutner

Some drivers won’t have their repaired vehicles until as late as October, but won’t be underinsured. Recently, GM announced that it would be providing drivers with loaner cars when their vehicles are affected by the recall involving faulty ignition switches, and now they have announced that they will also be providing those drivers with auto insurance, as well. This is an important announcement as there are 1.6 million vehicles being recalled, with 1.37 million in the U.S. The primary struggle that has lead to this need for auto insurance coverage…