Officials in California made an announcement last week which explained a regulation change to help drivers to avoid expensive consequences when they are required to drive immediately after taking out a policy, as those who use the Low-Cost Automobile Insurance (CLCA) program will no longer have to endure the two week waiting period in order to receive their proof of policy. Currently, drivers who have just taken out CLCA coverage must either choose not to drive for the first two weeks of coverage, or they risk being caught behind the…
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Michigan insurance scam may have left many paying for phony coverage
Michigan insurance regulators are reporting that hundreds of drivers in Detroit may be victims of a scam. Nearly 1,000 fraudulent insurance policies were issued from a company based in Texas. State regulators have ordered Michigan-based Don Diamond and Ethos insurance to stop fraudulent deals as they continue investigating the situation. The policies in question seem to have originated from either Diamond or Ethos. Diamond argues that the fake policies come from malicious subcontractors in Detroit. While state regulators suspect that as many as 1,000 people have fallen prey to the…
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