Live Insurance News

Auto insurance frustration spawns new legislation in Connecticut

May 7, 2013May 6, 2013 Dan

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…

Auto insurance fraud falling in Massachusetts

May 6, 2013May 5, 2013 Nordstrom

Auto insurance fraud meets aggressive action in Massachusetts Auto insurance fraud has been a growing problem in Massachusetts. This problem began receiving significant attention from state lawmakers more than a decade ago when a staged accident caused resulted in the death of a state resident. A new report from the Insurance Fraud Bureau of Massachusetts and the Automobile Insurers Bureau of Massachusetts highlights the progress that the state has made in its ongoing fight against auto insurance fraud. The report suggests that the state’s continuous efforts have saved consumers from…

Auto insurance is becoming more expensive for Newark drivers

May 3, 2013May 1, 2013 H. Cutner

New Jersey motorists are paying a lot more than they were last year, according to a recent report. Drivers across New Jersey are finding that their auto insurance rates have been on the rise, and not just by a small amount, but by a noticeable degree. The increases that drivers are seeing differ from one part of the state to the next. For example, Brick City residents are finding that the amount that they have been paying has shot upward. In fact, they are forking out an average of $2,780…

Auto insurance trend shows decrease in consumer shopping

May 2, 2013April 30, 2013 G. Turner

J.D. Power and Associates has reported that among those who are shopping, many will switch. The latest J.D. Power and Associates report has just been issued, revealing that while the percentage of auto insurance customers who are shopping for coverage has dropped to its lowest point in six years, the percentage of those who are checking out what’s available to them will switch insurers in half of the cases. The number of shoppers who are changing their insurers has reached a six year high. The report is called the J.D.…

Auto insurance rates set to spike in New Jersey

April 30, 2013April 29, 2013 Logan B.

Auto insurance coverage rates on the rise in New Jersey Auto insurance rates in New Jersey are on the rise this year. The state is already home to some of the highest auto insurance premiums in the country, but insurers are looking to raise coverage rates higher throughout the state. While higher rates were expected due to recent natural disasters, namely Hurricane Sandy, these disasters are not actually the reason for higher premiums. According to the New Jersey Department of Banking and Insurance, the rate hikes are actually due to…