Auto insurance data spat could lead to regulatory battle in Illinois

Auto insurance data - Regulation Battle - Illinois

A fight over information regarding insurer profits during the pandemic may increase state regulation. Newly disclosed auto insurance data from throughout the pandemic has shown that insurers made excessive profits throughout that span of time, according to the Illinois Public Interest Research Group (PIRG) consumer advocacy group. The watchdog says it is proof that the state is in need of stricter regulation of the industry. Insurers have been fighting against the release of the auto insurance data relating to the premiums charged throughout the pandemic. That information was requested by…

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Q’Orianka Kilcher of “Yellowstone” charged with insurance fraud

Insurance Fraud - Paper with words written

The actress was charged with collecting over $90,000 in fraudulent workers’ compensation benefits. Q’Orianka Kilcher, an actress best known from “Yellowstone” has been charged with two felony counts of workers’ compensation insurance fraud. The 32-year-old of North Hollywood collected disability benefits worth more than $90,000. Kilcher was charged with insurance fraud following an investigation by the California Department of Insurance. The investigators determined that Kilcher had allegedly broken the law by collecting over $90,000 in disability benefits from a workers’ compensation coverage. Kilcher’s attorney has already appeared in court on…

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Top 5 Financial Tips for Success

financial tips and investing terms(1)

Finances affect nearly every aspect of a person’s life, and every person can benefit from financial success. In fact, financial literacy encourages individuals to make informed decisions and manage money effectively. If you have a set of financial goals you wish to meet and seek to achieve monetary stability, consider the following top 5 financial tips for success. 1. Be a Wise Financial Steward Before moving on to other tips, you must first know how to manage your money wisely. In short, this involves budgeting, saving, and control. Creating a…

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State Farm holds massive virtual career fair to fill insurance jobs

Insurance jobs - Online Career

The largest insurer in the country held the fair full of events and resources to draw applicants. State Farm recently held an enormous virtual career fair to help people across the United States to match up with the insurance jobs currently available within the company. The insurer is celebrating its 100th anniversary this year and has thousands of positions to fill. The insurance jobs were placed in the spotlight on July 13, when the Summer Sizzle – Career fair was held. The virtual event was meant to help people looking…

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Mercury launches MercuryGo usage-based insurance app in Virginia

Usage-based insurance - Virginia sign

The insurer says that safe drivers in the state could save as much as 40 percent off their premiums. Mercury recently announced that it has rolled out its usage-based insurance app called MercuryGo throughout the Virginia market. The mobile app comes with a virtual driving coach to help drivers to save even more. The MercuryGo usage-based insurance app is available to drivers across Virginia. They can use it to learn how to improve their driving skills and how to navigate traffic safely. As they better their driving habits, it is…

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Does your auto policy include bodily injury liability insurance?

Bodily injury liability insurance - liability insurance form

Standard auto policies contain this coverage in all but two states, but many consumers aren’t aware of it. Bodily injury liability insurance is a specific type of coverage within an auto policy that covers the medical expenses of others if the policyholder is found to be at fault in a crash. This coverage also provides coverage for additional costs such as legal fees in case of a lawsuit. The bodily injury liability insurance coverage of an auto policy is what covers the loss of income suffered by an injured person…

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Rising auto insurance rates causes customer satisfaction to fall

Auto insurance rates - Insurance Company

A new JD Power study showed that drivers are unhappy with their insurers over climbing premiums. A new JD Power study has shown that motorists’ satisfaction with their insurers is falling as they watch their auto insurance rates rise. JD Power published the results of their 2022 Insurance Shopping Study showing discontent among drivers. The study showed that auto insurance rate hikes have been driven by a 41 percent rise in the price of used cars. This has pushed vehicle repair and replacement costs skyward and has sent insurers to…

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