Live Insurance News

Auto insurance hike prevention efforts taken on by Michigan

April 29, 2014April 26, 2014 H. Cutner

The state’s legislators are now getting behind efforts to stop rates from rising from pothole damage claims. A long winter of extreme weather has now brought about a rather nasty pothole season in Michigan, and the state’s House of Representatives are now looking into a bill that has recently been introduced to help to control the impact that this will have on auto insurance premiums as claims from damage start pouring in. The bill is meant to help to keep premiums from rising because a claim was made for pothole…

Could the city of Detroit become an auto insurance company?

March 4, 2014March 1, 2014 H. Cutner

The mayor has proposed that the city begin its own coverage to help to overcome several problems. The mayor of Detroit, Mike Duggan, has been drawing quite a bit of attention back to his struggling city has he has proposed that he would begin an auto insurance company that will help to keep the skyrocketing premiums under control in the area. The announcement was made within the mayor’s State of the City address. He pointed out that recent red lining has led drivers who had already been paying high annual…

Auto insurance prices in U.K. continue to drop

January 31, 2014January 28, 2014 H. Cutner

According to the A.B.I., the average amount paid to cover a vehicle is still on its way downward. The cost associated with purchasing and owning auto insurance in the United Kingdom has dropped another 9 percent over the last year as a growing number of consumers are using the resources available to them over the internet to be able to comparison shop and find better rates. This, according to a survey which also credits fewer claims into the dropping premiums. The data was provided by the Association of British Insurers…

New legislation could change auto insurance in Pennsylvania

December 20, 2013December 17, 2013 Nordstrom

Legislation aims to make insurance coverage more flexible A new legislation in Pennsylvania may have a dramatic impact on the way drivers receive auto insurance coverage throughout the state. Senate Bill 1040 has been gaining momentum in the state’s Legislature and aims to make it possible for drivers to provide proof of their auto insurance coverage electronically and sign up for coverage without deductibles. The legislation has managed to acquire strong support from state lawmakers that believe some changes to the auto insurance sector should be made for the sake…

Auto insurance bill by Senator to scrap Florida no-fault system

October 14, 2013October 12, 2013 G. Turner

The legislation is being prepared in order to change the situation in the state which is riddled with fraud. A new bill is being drafted by David Simmons (R-Altamonte Springs), the Senate Banking and Insurance Chairman in Florida, in order to help to repeal the no-fault auto insurance system in the state, which is swimming in fraud and that is costing residents a fortune to cover their vehicles. A landmark effort for this purpose from 2012 remains tied up in the courts, allowing fraud to continue. Simmons explained that he…