Live Insurance News

Judge Rules on Allstate’s Million-Dollar Typo

March 7, 2024March 6, 2024 Marc

A case that pitted a Bend, Oregon couple against Allstate Insurance over a mistakenly high settlement offer culminates with the insurer’s error deemed non-binding by federal court. Court Rejects Allstate’s $1M Error The legal saga unfolded when Debra and Kevin Kilroy thought fortune had smiled on them, misled by a typo-infested settlement letter from Allstate which followed Debra’s traumatic encounter with an off-leash dog in 2020. A Painful Mishap with Life-Altering Consequences Debra, while walking on a local trail, suffered multiple fractures after being injured by the Great Pyrenees. The…

Insuring Salvage Title Autos: Important Facts for Auto Owners

March 7, 2024March 4, 2024 Loreen

When a vehicle gets a salvage title, it means it’s seen better days, often due to significant damage or theft. This label affects everything from auto insurance to resale value, presenting a set of unique challenges and considerations for owners. Understanding the implications of a salvage title is crucial for anyone considering buying or insuring such a vehicle. Understanding What a Salvage Title Means A salvage title is assigned to a vehicle that has been deemed a total loss by insurance companies due to damage or theft. This designation occurs…

North Carolina Commissioner rejects proposal to increase insurance rates

March 7, 2024March 6, 2024 Nordstrom

Drivers and property owners are reducing their coverage to afford their premiums North Carolina Commissioner Mike Causey has announced that he recently turned down a request made by insurers to boost homeowners’ insurance rates by an average of 42.2 percent. In some beach areas, the hike would have been 99.4 percent According to Causey, he was not provided with adequate evidence to support the claim insurers made that they would need to increase insurance rates by that amount. “I haven’t seen the evidence to justify such a drastic rate increase…