Live Insurance News

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 compliance from Yellow Cab failing to prove itself

November 22, 2013November 25, 2013 Julie Campbell

Officials from the city of Dallas have yet to be fully convinced that the taxi company’s coverage is adequate. Though Yellow Cab Company in Dallas has been making the effort requested of it to show that its taxis have adequate auto insurance coverage in order to comply with the city’s requirements, it has – as of the writing of this article – been unsuccessful. This insurance news is according to a recent update from the city attorney’s office. Yellow Cab’s parent company was asked to submit the documentation regarding its…

Report highlights growth of auto insurance rates in the US

November 20, 2013November 19, 2013 Logan B.

Auto insurance rates have been on the rise for the past 25 years The Consumer Federation of America has released a new study highlighting auto insurance rates throughout the U.S. According to the study, auto insurance rates have been on the rise for the past 25 years. The only state that has shown any significant average decrease in these rates has been California. As auto insurance rates continue to rise throughout the country, coverage may be getting too expensive for some drivers to afford. This could lead to many people…

Auto insurance requirements may not have been met by Yellow Cab

November 14, 2013November 11, 2013 H. Cutner

The city of Dallas’ requirements for coverage may have been violated by this and other taxi companies. According to public records, taxi companies owned by Irving Holdings Inc., which include the giant and well recognized Yellow Cab, appear to have auto insurance policies that include a “self-insured retention” which makes the payment on claims of up to $250,000. However, the law in the city of Dallas was changed back in 1996, and the taxi company may not have conformed. In 1996, the city law was altered to include a requirement…

Auto insurance scams in New York shut down with doctor claims suspensions

November 6, 2013November 4, 2013 Julie Campbell

A number of “dirty” docs are now being pursued by the state regarding accidents that never happened. New York is now going after twelve doctors that signed off on auto insurance claims for accidents that never occurred, in order to allow their “patients”, and themselves, to collect millions in payments from the no-fault system in the state. Notices went out to the dozen physicians as well as six additional health providers. Those notices have barred them from being able to submit auto insurance claims on the no-fault system in New…