IIHS names 2013 Mazda CX-5 compact crossover SUV its “Top Safety Pick”

The Insurance Institute for Highway Safety (IIHS) has given the highest safety rating to the new compact crossover SUV, the 2013 Mazda CX-5, and has named the vehicle its “Top Safety Pick”. After undergoing the four IIHS tests, the Mazda CX-5 received a “Good” rating each time, which is the highest possible crash safety rating. According to the Mazda North American Operations president and CEO, Jim O’Sullivan, this vehicle is the first from the manufacturer “to receive the full suite of SKYACTIV technologies, which focuses not only on fuel efficiency…

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Home prices are down but insurance prices are up!

It’s no secret, your home value is probably half of what it was five years ago, but you may wonder why your insurance premium is still going up. The cost to rebuild and/ or repair your home, supplies, labor, etc. have not gone down, according to industry experts. These components are what insurance premiums are based upon.  In fact, insurance premiums will only take the structure and liability exposure into consideration – which maybe ticking upwards based on a rise in catastrophes predicted. “The price of homeowners’ insurance is based…

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Homeowners Companies Taking a Hit which means Premiums Are on The Rise

Earnings are in and the insurance industry has been taking some hits. Late October Allstate Insurance Company reported profits down and also noted catastrophe claims are above average. Financially, the company still managed to have a net income of .27 cents a share, compared to 72 cents a share last year. But Allstate is not alone; Travelers Co. reported record disaster losses too in their last quarter. All of this comes down to one thing – no one’s safe from the trending increase in homeowner’s insurance rates countrywide. Big companies…

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Motorcyclists hope for lower insurance rates

The Knesset recently passed the initial reading of a bill. If passed, it could mean lower motorcycle insurance rates.  The government will create an inter-ministerial committee to devise a solution for dropping compulsory insurance rates.  A decision is expected within 3 months. Should this bill pass, motorcyclists’ compulsory insurance pool will change.  Currently, insurance companies do not profit from compulsory insurance for motorcyclists.  For most riders they are covered by a state-mandated pool which currently runs at a deficit. It also has a cap, mandated by law, of 8%. The treasury…

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