Snowmobile theft rates are highest in Alaska, says National Insurance Crime Bureau

snowmobile theft - snowmobile rider

A national crime statistic analysis showed three parts of the state experienced the most reports in the country. The National Insurance Crime Bureau conducted an analysis of snowmobile theft reports across the United States. What they determined was that three regions in Alaska saw more thefts of these machines than anywhere else in the country. There were 128 snowmobiles stolen in Alaska from 2015 through 2018; 8 percent of the U.S. total. Anchorage, Alaska saw the highest rate of snowmobile theft in the United States. Throughout the span of time…

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Detroit Mayor Duggan’s auto insurance lawsuit moving to federal court

auto insurance lawsuit - Supreme Court

Mike Duggan’s fight against high premiums has taken its next step upward in the legal system. Detroit Mayor Mike Duggan’s auto insurance lawsuit is still continuing as the fight has now moved to a federal court. The suit has to do with the exceptionally high car insurance rates in Michigan. Drivers in Michigan pay some of the highest car insurance premiums in the entire country. Motorists have been hoping that Duggan’s auto insurance lawsuit would provide them with some relief. The suit was initially filed last year with even state…

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Allstate CEO Tom Wilson says ridesharing will upend the auto insurance industry

Allstate CEO - car insurance

Ride hailing and car sharing programs have changed transportation and are now changing coverage. Allstate CEO Tom Wilson explained that the auto insurance industry should expect some substantial changes due to ridesharing companies. These services have altered the way that vehicles are used so that they are no longer defined by auto products. The interview was reported from CES 2019 by a Cheddar article. In it, the Allstate CEO underscored the change ride hailing and car sharing services have made to personal transportation. That said, traditional auto insurance products don’t…

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Lawsuit accuses Wells Fargo of having known of auto insurance program flaws

Auto insurance program - Law Case Books - Lawsuit

A class action lawsuit asserts that the bank’s executives were warned about the problems. A class action lawsuit now accuses Wells Fargo executives of having been warned several years ago that the auto insurance program could have been overcharging car loan customers. A judge released this complaint earlier this week, at a time when Wells Fargo faces legal sanctions. The bank is in the midst of dealing with legal sanctions applied against it after it forcibly enrolled approximately two million of its customers in a special auto insurance program. This…

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Detroit Mayor Duggan files no-fault auto insurance rate lawsuit against Michigan

No-Fault Auto Insurance - Law Books - Lawsuit

The popular local politician is looking to the courts in an attempt to lower skyrocketing premiums. Detroit Mayor Mike Duggan has sued the state of Michigan over no-fault auto insurance rates. The lawsuit is part of an ongoing strategy to try to reduce the premiums paid by drivers in his city and across the state. The state has previously tried and failed to overhaul its extremely costly car insurance system. At the moment, the Michigan no-fault auto insurance system is keeping rates higher for drivers in the state than anywhere…

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Nevada drivers now have new auto insurance liability requirements

Auto insurance liability - Driver

Motorists whose existing policies do not meet these new levels will need to purchase new coverage. Nevada drivers will need to make sure they meet the new auto insurance liability requirements in the state. They have until July 1 to purchase coverage with limits of at least 25/50/20. Some policies will already provide the minimum coverage but drivers are encouraged to check. It has been a long time since drivers in Nevada have had to change their auto insurance liability coverage. For many decades, the minimum requirement had been $15,000…

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Unfair insurance practices earn Wells Fargo a $1 billion fine

Mutual of Omaha - lawsuit

The banking giant’s latest penalties are for having sold unnecessary auto insurance to customers. Wells Fargo has been slapped with a $1 billion fine for its unfair insurance practices. Thousands of the bank’s vehicle loan customers were sold additional unnecessary auto insurance policies. Those car owners ended up paying much more for their vehicles than was necessary. Among those Wells Fargo customers, thousands ended up having their vehicles repossessed as a result of the unfair insurance practices. The fine was laid down by the Consumer Financial Protection Bureau as well…

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