Live Insurance News

This week in insurance news video round up

May 3, 2013May 25, 2013 S.Vagus

Below please find our notes and links about video featured insurance news… Health insurance shows 84 million Americans uninsured or underinsured for a span of 2012 According to research conducted by the Commonwealth Fund, there were 84 million people who either went uninsured or underinsured for a span of time in 2012. The reason has to do with a provision of the Affordable Care Act that allows young adults to remain on the health insurance plans of their parents for longer periods of time. In the case of underinsurance, research…

Auto insurance rates could change with improved texting enforcement

October 29, 2012October 25, 2012 Julie Campbell

Federal grants are assisting authorities to crack down on illegal cell phone behaviors behind the wheel. Drivers who have been able to get away with texting behind the wheel because it is easy to dodge the enforcement of laws against the dangerous behavior, may now be fining that this is no longer the case, and getting caught will send their auto insurance premiums skyward. Hundreds of thousands of dollars in new federal grants are helping authorities to catch texting drivers the act. An analysis performed on quotes from the leading…

Auto insurance news features poor results from new cars

October 4, 2012April 30, 2013

Many are wondering why a certain type of crash test earns low stars for newer vehicles. In recent tests that are often considered by auto insurance companies in order to calculate premiums, only three out of eleven midsized luxury cars have earned a passing grade. This type of crash test involves a collision between the front corners of two vehicles. They are set up to mimic a potential head on collision, where the drivers have tried to avoid by swerving away. The results regarding the poor performance of these vehicles…

Auto insurance reforms to PIP have yet to lower premiums

October 3, 2012April 30, 2013

Florida drivers are still waiting for the promised savings to kick in. Over one hundred auto insurance companies were required to report their intentions to reduce their rates on Monday, as a result of the massive changes to the personal injury protection (PIP) plan in Florida. However, as many predicted, these insurers didn’t show any clear intention to reduce prices. A new law in the state required that these auto insurance providers send a rate filing to the Office of Insurance Regulation at the start of October, which would…

Auto insurance premiums calculations seen as unfair

September 29, 2012April 30, 2013

Survey shows that drivers and insurers are not aligned in their concept of how rates are decided. According to the latest results of a Consumer Federation of America (CFA) study, auto insurance companies and policyholders have a very different opinion about what should and should not be used to calculate a driver’s premiums. There were 1,010 people who participated in the nonprofit consumer watchdog group’s survey. Most of the respondents said that they felt that their premiums should be calculated based on their actual driving history and behaviors. At the…