Tag: auto insurance industry

Auto insurance bill amendment in North Carolina builds angry debate

G. Turner
auto insurance

The industry in the state has been brought to the level of feuding as an old battle is brought back in the light. The internal battle among the auto insurance companies in North Carolina over the ways in which the rates are regulated by the state is back, once again, for a few more rounds in the back rooms and hallways of the legislature. Though the effort to recreate the state regulatory system was lost this spring, its supporters haven’t given up. A coalition of auto insurance companies, FAIR NC,…

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Auto insurance costs fell only in California

H. Cutner
auto insurance price decrease california

According to data from the Consumer Federation of America, that is the only state where this occurred. According to the latest data from the United States, California is the only state in the country where auto insurance costs have been decreasing over the last two decades that ended in 2010. This data was collected and analyzed by a consumer group that attributed the decline to a state law. The Consumer Federation of America is attributed the decreasing cost of auto insurance in California to a law that was passed in…

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Insurance fraud suspected as false BMV calls emerge in Indiana

H. Cutner
Auto insurance fraud

Warnings are being issued to residents of the state that the calls are not from the bureau. The BMV in Indiana has issued a warning to the residents of the state regarding an issue that could have to do with insurance fraud phone calls that are being received in the area. The bureau of motor vehicles has announced that there have been some suspicious phone calls. Some motorists in the area have been at risk of insurance fraud as a company that is claiming to be the Indiana Bureau of…

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Auto insurance frustration spawns new legislation in Connecticut

Dan
connecticut auto insurance

Lawmakers continue to grow frustrated over lack of compliance with auto insurance laws Connecticut lawmakers have been expressing frustration when it comes to the state’s ban on talking and texting on mobile devices while driving. The law is meant to cut down on activities that could distract drivers and cause accidents, but many drivers have chosen to ignore the law entirely. This has caused lawmakers to consider a more aggressive approach on the matter by highlighting the financial aspects of car accidents. Legislators believe that the prospect of higher auto…

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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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