Tag: New York auto insurance

Auto insurance rates could change with improved texting enforcement

Julie Campbell
Auto Insurance Texting While Driving

Federal grants are assisting authorities to crack down on illegal cell phone behaviors behind the wheel. Drivers who have been able to get away with texting behind the wheel because it is easy to dodge the enforcement of laws against the dangerous behavior, may now be fining that this is no longer the case, and getting caught will send their auto insurance premiums skyward. Hundreds of thousands of dollars in new federal grants are helping authorities to catch texting drivers the act. An analysis performed on quotes from the leading…

Read More

Usage based insurance launched by Allstate in NY

Julie Campbell
New York auto insurance

Safe drivers in New York will be able to take advantage of potential savings on their premiums. Progressive may have taken the first steps into New York with usage based insurance, but Allstate isn’t far behind, and is now offering drivers in the state the opportunity to save money on their monthly premiums based on their safe driving habits. Motorists that demonstrate a lower risk of making a claim may save money every month. The Allstate usage based insurance program is known as “Drive Wise”. Though it is only just…

Read More

New York auto insurance legislation passes at session’s close won’t benefit drivers

Nordstrom
New York auto insurance

Those opposed urge Governor Cuomo to veto the legislation, which could be costly to consumers. A call has been made to Governor Cuomo regarding New York auto insurance legislation that passed within the last hours of the legislative session, which may result in a notable increase in the cost of coverage for drivers in the state. The hope is that the legislation will be vetoed and that greater efforts will be taken against fraud. New York auto insurance fraud is rampant within the no fault system, and those who made…

Read More

New York insurance officials seeks to decrease system-wide fraud

Marc
New York auto insurance

The state’s Department of Financial Services (DFS) is attempting to beat the plague of no-fault system fraud. The department is making reforms at the state level to help to eliminate the tremendous number of loopholes that are making the no-fault New York insurance system for auto coverage a highly abused program. These new regulations are meant to take aim at the issue of doctors who are receiving healthcare payments for services that are not actually being provided, as well as technical problems that are frequently used to stop a decision…

Read More

New York legislators introduce three new laws to combat auto insurance fraud

Nordstrom

In the continuing fight against auto insurance fraud, New York legislators have passed three new bills that will impose serious penalties on those committing crimes. The bills were passed by the state’s Senate late last week and will be heading to the Assembly for further consideration. Lawmakers are considering auto insurance fraud one of the state’s most serious issues. According to the Senate, fraud costs the state more than $1 billion every year and deals untold damage to the auto insurance industry. These damages translate into higher premiums for consumers…

Read More