North Carolina legislation could reduce auto insurance premiums

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House committee approves legislation to provide restricted licenses to undocumented residents A legislation approved by a North Carolina House Finance Committee could make auto insurance premiums lower for drivers in the state. The legislation would grant limited driving privileges to undocumented immigrants. These people would be required to have auto insurance coverage, as mandated by the federal government and state law, and the influx of new consumers could be good news for other drivers in the state. Insurance rates could go down by a modest degree because of the new…

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Shedding Light on Insurance Fraud

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Fraud is not something that many people understand The insurance industry has to deal with a wide range of financial risks that often result in losses. One of the most things that insurers have to fight on a constant basis, but something that receives relatively little attention from consumers, is fraud. Insurance fraud is a longstanding problem that has no simple solution. Many people do not realize that fraud is not something that insurance companies suffer from alone. Fraud has a major impact on the finances of policyholders as well.…

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Auto insurance affordability is American government’s next focus

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Regulators are now taking a look at how much it costs to cover vehicles across the country. Over the last few years, the federal government has started to amass a list of consumer complaints and has built a database about credit card companies and banks, which has more recently included auto insurance companies. A federal office has now announced that they will be placing their focus on car insurance premiums. The office first made the announcement back in April that it would be increasing the efforts that it was making…

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Auto insurance fraud used a deer to fake a $5 million claim

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A 63 year old body shop owner from Philadelphia has been accused of hundreds of scam charges. A man from Philadelphia is now facing hundreds of charges relating to his auto insurance fraud activities, in which he used deer carcasses, fur, and blood to make it appear as though the vehicles had struck the animals on the road. The participants in the scam would then file inflated claims so that insurers would pay for the “repairs”. According to investigators, the accused, Ronald Galati Sr. had a rather clear motto, which…

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Auto insurance premiums could improve as a result of the Affordable Care Act

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As strange as it may sound, the health care reform could end up reducing vehicle policy rates. The health care reform has certainly been an area in which there has been a tremendous amount of controversy could actually be paying off in an area that wasn’t its primary intention, in the form of auto insurance premiums savings. According to the results of a recent study, the Affordable Care Act could be lowering other coverage costs. Beyond auto insurance, it is also believed that the health care reform will also be…

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