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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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…
Read MoreMotorcyclists 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…
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