Tag: auto insurance claims

Auto insurance industry may shift due to new Virginia Tech study

Marc
Auto Insurance

Auto insurance receives new information concerning accidents from Virginia Tech The Virginia Tech Transportation Institute has released the results of a new study concerning car accidents and their contributing factors, as well as how these factors impact the auto insurance sector. The auto insurance sector, as well as others in the insurance industry, is constantly in a state of fluctuation. Insurers are persistently working to adapt to any changes that emerge in the market in order to provide comprehensive coverage priced at a competitive rate with coverage being offered by…

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Michigan insurance news – no-fault fund transparency

Michigan Auto Insurance news

  Every car in Michigan pays a $175 yearly fee to the Michigan Catastrophic Claims Association. In recent insurance news, one Judge in Ingham county decided that the public fund should be open for review so residents can understand how the fund sets the annual rate. No-fault and catastrophic loss The MCCA was created by state legislation to help Michigan insurance companies that pay out more than half a million in claim money to people in car accidents and suffer life altering injuries. This limit is for individual claims. Residents have…

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Teen auto deaths spike during summer months

Nordstrom
Teen Auto Car Crash

Distracted driving practices attributed to a spike in summer deaths of teenage drivers in 2010, a study by Fatality Analysis Reporting System reports. According to the study, approximately 45 people between the ages of 15 and 20 died each weekend from June through September in the year 2010. Such young deaths are “sobering” according to Sandy Spavone, the executive director with the National Organizations for Youth Safety. The main reason they hit so hard is because these deaths could so easily be avoided. Spavone feels these deaths are completely avoidable…

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Top cities for vehicle theft named by NICB

Vehicle Theft black friday auto insurance claims

For the second straight year, Fresno tops the National Insurance Crime Bureau list of top cities for vehicle theft. California tops the list… The NICB list states that approximately 761,500 vehicles were stolen in 2011, which was a drop from the year before by a mere 3 percent. These numbers are based on statistics released by the FBI. Fresno was at the top of the list and was not the only city in California to make the top ten. Modesto came in second and Bakersfield was in third, giving CA…

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Auto insurance accident claims skyrocket in Texas during the Christmas season

The Accident Forgiveness Showdown - Who Has It and Who Doesn't

A new report has revealed that the number of crashes increases by 20 percent during the holidays. Allstate has just released a review of its auto insurance claims data, which has revealed that in the state of Texas, there are more car crashes than at any other time of the year. This statement was based on data from the five years ranging from 2006 through 2010. What the analysis determined was that the number of auto insurance accident claims rises the most on December 24, increasing by 22 percent when…

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