Tag: auto insurance claims

Homeowners insurance could rise by 18 percent in North Carolina

North Carolina Homeowners Insurance Rates

The state commissioner is currently considering this increase, which some agents are calling necessary. Homeowners insurance customers could soon find that their premiums are headed strikingly upward in North Carolina, as the commissioner considers a price hike by an average of 18 percent. Many customers are saying that this is an additional financial burden that is making the coverage unaffordable. Many residents of the state are very upset and feel that an increase of this size is unfair and could make their homeowners insurance cost prohibitive. The average annual rate…

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Auto insurance industry identifies vehicles that cause the most injuries

2012 Toyota Yaris - Auto Insurance Report

A recent study has shown the makes and models of the cars in which the most people are hurt. The results of an auto insurance industry report have just been released and have named the vehicles in which the largest number of injuries are experienced when they are involved in a crash. This data showed that the Toyota Yaris had the highest number of injuries per accident. The information used for the research was obtained from the Highway Loss Data Institute, which looked at the auto insurance data for vehicles…

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Thousands of flood insurance claims coming from Louisiana in wake of Isaac

Nordstrom
Flood Insurance

State announces thousands of flood insurance claims generated by Hurricane Isaac Hurricane Isaac has come and gone and the storm has left devastating floods in its wake. Louisiana was struck hard by these floods, with many of the state’s southern counties being inundated with water. According to Insurance Commissioner Jim Donelon, thousands of flood insurance claims have been generated by the storm, many of which coming from throughout the state. State officials note that a scant 31% of Louisiana residents have flood insurance coverage, leaving many with damaged property without…

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Funny but strange auto insurance claims associated with animals

H. Cutner

Auto vs pet insurance claims Admiral Insurance has released a report that includes the 12 most unusual auto insurance claims that have involved animals since the start of 2012. Within the last two years, for example, peacocks have been associated with claims on four separate occasions. In one case, the peacock clawed at the car when it saw its own reflection in the paint. In another instance, pet peacocks broke loose and damaged a vehicle parked in their neighbor’s driveway. Dogs have also been frequently associated with claims, including when…

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Satisfaction with auto insurance claims remains steady regardless of rise in number of claims and repair times

A report released by J.D. Power and Associates, called the 2012 Auto Claims Satisfaction Study – Wave 1, that has shown that despite the fact that there has been a rise in the number of car insurance claims, and it is taking longer for vehicle repairs to be completed, customer satisfaction remained about the same throughout the last quarter of 2011. The number of claims rose as a result of damage from weather, which also meant that repair shops faced a higher-than-normal volume during that last quarter. The average length…

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Research ranks auto insurance premiums by state and finds uninsured increase costs

Julie Campbell

An online survey conducted by Insure.com, has shown that drivers in Louisiana, Michigan, and Oklahoma pay highest premiums for auto insurance in the country. On the flip side, Vermont had the lowest car insurance rates, according to the same survey. The findings were based on the rates paid every year by single males who are 40 years old and who commute 12 miles every day to work. This profile would generate a rate of $995 in Vermont, but was much higher in some other states. For example, the same person…

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Florida prepares for the battle against PIP fraud

Nordstrom

Residents in Florida have joined with business associations and law enforcement agencies to create the Gear Up Florida Coalition, with the goal of protecting insurance consumers in the state from the skyrocketing costs that are resulting from the increasing instance of fraud to its no-fault law. According to Tammy Perdue, the Florida General Counsel for Associated Industries, they want to bring fraud from car accidents to an end and change the organized systems that are encouraging these criminal behaviors. She explained that it will be critical for legislative action to…

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