Category: Auto Insurance

News articles concerning car and auto insurance nationwide for both insurance brokers and insurance customers. Learn about changes happening in your state or even global insurance matters.

Cybertruck Confusion: GEICO’s Insurance Denial and Safety Debates Explained

Logan B.
Cybertruck 78

Tesla Cybertruck: Navigating Insurance, Safety, and Customer Perspectives The Tesla Cybertruck has been making waves in the automotive world, not just for its futuristic design and electric capabilities but also for the discussions surrounding its insurance, safety, and user experiences. Recent news involving GEICO’s stance on insuring the Cybertruck has added another layer to the ongoing conversation. GEICO’s Denial of Insurance Claims In a recent turn of events, GEICO, one of the largest car insurance providers, was rumored to have stopped underwriting Tesla Cybertruck policies. This claim originated from a…

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New York Implements Opt-In System for Spousal Liability Coverage

Angela Linders
Spousal Liability Coverage discussed with an agent

New York has made a notable change to its automobile insurance policies, now requiring most policyholders to choose actively if they want supplemental spousal liability (SSL) coverage. This adjustment aims to refine insurance practices while resolving issues tied to automatic coverage enrollment. Exploring Supplemental Spousal Liability Coverage Supplemental Spousal Liability offers crucial additional protection, catering to claims made by a policyholder’s spouse following an accident. This coverage is particularly significant when an injured spouse seeks compensation due to the other spouse’s driving negligence. By opting into SSL coverage, policyholders can…

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Do You Require Commercial Truck Insurance?

Live Insurance News
commercial truck insurance

Large vehicles, such as trucks, used for company operations are expressly covered by commercial truck insurance. Tractor-trailers and other commercial truck kinds like the following are included in this: Trucks that haul trash Delivery vans Mixers for cement Tow vehicles Additional commercial vehicles In general, vehicle insurance with a focus on transportation companies and commercial truck drivers is known as commercial truck insurance. Various insurance may be required, depending on the kind of business you operate, to cover all potential responsibilities both legally and financially. Generally, commercial truck insurance covers…

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Catalytic Converter Theft Drops by 74%: State Farm Insights

Loreen
Auto insurance claims - catalytic converter - hands

A Significant Decline in Catalytic Converter Thefts Brings Relief to Car Owners In a remarkable turnaround, catalytic converter thefts in the United States have seen a substantial decline in the first half of 2024. State Farm, the nation’s leading auto insurer, reports a 74% drop in catalytic converter theft claims compared to the same period in 2023. This is a welcome relief for car owners and insurance holders who have been grappling with rising theft incidents over the past few years. Understanding the Impact Catalytic converter thefts have been a…

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Grapefruit-Sized Hail? Climate Change Could Bring Giant Ice Stones

Ester Adams
Grapefruit-Sized Hail

Introduction to the Giant Hailstones Study A new study published in the journal npj Climate and Atmospheric Science covered by USA Today predicts an increase in ice stones larger than two inches as a result of climate change. This situation could pose challenges for individuals with hail-damaged cars, including dents and shattered windshields, as well as for the auto insurance industry, which has been implementing record rate increases in 2024. Is there a connection between these two issues? Climate Change and Hailstone Growth The study, co-authored by Victor Gensini, an…

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