Live Insurance News

5 great reasons to take out an accident insurance policy in Thailand

October 22, 2024 Guest Author

accident insurance Thailand travel insurance

Thailand is a magnificent place to live, which attracts many people from overseas, either to work or retire and enjoy the many benefits that the country provides. That includes being surrounded by amazing culture and living in a tropical climate which is conducive to having fun by the coast. There is never a shortage of activities while surrounded by stunning scenery which attracts millions of visitors each year. It is an affordable place to live, especially compared to many Western countries, meaning that the many wonderful restaurants can be enjoyed…

Rising Auto Insurance Costs in California: The New Law You Can’t Ignore

October 21, 2024October 20, 2024 Live Insurance News

New California Law Increases Minimum Auto Insurance Limits Overview of Senate Bill 1107 California is set to implement a significant change in auto insurance coverage as Senate Bill 1107 takes effect on January 1, 2025. This new law mandates an increase in the minimum liability limits required for motor vehicle insurance, impacting private passenger autos, commercial businesses, and recreational vehicles alike. The revamped limits aim to offer better protection for drivers in light of escalating costs associated with accidents. Understanding the New Minimum Liability Limits The updated minimum liability insurance…

Why State Farm Says November is the Deadliest Month for Deer Strikes

October 3, 2024October 2, 2024 G. Turner

Navigating the Risks: Animal Collisions on the Rise Animal collisions have become an increasingly common concern for drivers across the nation. With over 1.8 million auto insurance claims related to animal collisions filed between July 2023 and June 2024, drivers are urged to remain vigilant, especially during peak months and in high-risk areas. This article delves into the statistics, liability considerations, and safety tips to help drivers stay safe on the road. State Farm’s Findings: A Closer Look State Farm’s recent report sheds light on the most common animals involved…

Top 3 States with Rising Teen Driver Fatalities

October 1, 2024September 27, 2024 Angela Linders

In 2024, Wyoming, Texas, and Nevada have been pinpointed as the states with the highest rates of teen drivers involved in fatal crashes. This alarming revelation underscores the urgent need for effective strategies to enhance the safety of these young drivers and reduce the tragic loss of life. Wyoming: The Illusion of Safety on Open Roads Wyoming ranks highest in teen fatal crash rates, a fact attributed largely to its vast, rural landscapes. According to recent data, Wyoming saw a 15% increase in teen driving fatalities compared to the previous…

Montana Insurance Department Challenges Liberty Mutual on Repair Cost Denial

August 28, 2024August 26, 2024 H. Cutner

Overview of the Dispute In a significant move reported by RepairerDrivenNews.com, the Montana Insurance Department has called out Liberty Mutual for its handling of a consumer complaint regarding repair cost denial. Deputy Insurance Commissioner Frank G. Cote challenged Liberty Mutual’s settlement process, specifically their refusal to cover certain repair costs without sufficient evidence. Details of the Case The dispute originated when Liberty Mutual denied payment for blending services performed by a repair facility, asserting that the 50% blend time was “successful” and “well-established.” This response was deemed unsatisfactory by the…

State Farm Faces Setback as Class Action Lawsuit Progresses in Federal Court

August 26, 2024August 25, 2024 John Bowers

State Farm Lawsuit Advances After Motion to Dismiss Denied In a significant legal development, U.S. District Judge Virginia Kendall has denied State Farm’s motion to dismiss a class action lawsuit, allowing the case to proceed in the U.S. District Court for the Northern District of Illinois. The lawsuit accuses the insurance giant of systematically undervaluing and underpaying policyholders for totaled vehicles, raising concerns among policyholders and industry analysts alike. Challenges to State Farm’s Valuation Methods and Practices The lawsuit, originally filed in March 2022, challenges State Farm’s vehicle valuation methods,…

Skyrocketing Car Insurance Rates Drive Drivers to Pay Repairs in Cash

August 23, 2024August 22, 2024 H. Cutner

As car insurance premiums continue to soar, drivers are finding alternative ways to manage their expenses. With rates expected to rise by at least 20% in 2024, many are opting to bypass the claims process altogether and pay for repairs out of pocket. Understanding the Shift: Why Drivers Are Avoiding Claims A recent survey by LendingTree reveals that about 40% of drivers are choosing to skip the traditional claims process, opting instead to handle minor repairs in cash. This trend is largely driven by the fear of increased premiums and…