Live Insurance News

Special auto insurance required in Mexico for American tourists

December 11, 2014December 9, 2014 Julie Campbell

Over the colder winter months, tourists regularly head south, but their personal policies may not cover them. Driving from the United States of America down south to the United Mexican States is a very common occurrence when a little bit of warmer weather is desired during the winter months, but many Americans don’t know that they will need a special auto insurance policy in order to be able to stay behind the wheel once they’ve crossed the border. A car insurance policy based in the U.S. will not be accepted…

Insurance company goes under and leaves Pennsylvania taxi business uninsured

November 4, 2014November 1, 2014 H. Cutner

Some cabs in Harrisburg have now had their service suspended when they suddenly lost coverage. Pennsylvania commuters and tourists might find it just a little bit harder to get a cab, over the next while, as the operations of sixty six taxi and limo services were suspended by the Pennsylvania Public Utility Commission (PUC) when their insurance company could no longer provide coverage. It turns out that their insurance provider is now destined to be liquidated and is no longer capable of paying future claims. The commission’s press secretary, Jennifer…

Auto insurance for Range Rovers is nearly impossible to find

November 4, 2014November 1, 2014 G. Turner

In London, drivers of these vehicles must provide proof of secure parking due to a rash of thefts. Owners of Range Rovers in London, England are suddenly finding themselves with a struggle that is greater than trying to pinch their large vehicles along narrow city streets, as auto insurance companies are now refusing to provide coverage for these high end vehicles unless proof can be shown that they will be parked in secure locations. The city has seen a massive number of thefts of these vehicles over the last short…

Auto insurance is too expensive for low income drivers, study

October 7, 2014October 7, 2014 H. Cutner

Research conducted by the Consumer Federation of America has shown that this coverage is tough to afford. A recent report has been issued by the Consumer Federation of America (CFA), which reveals that the vast majority of Americans (76 percent), feel that minimum liability auto insurance coverage for under $500 per year is a fair amount to pay, and 40 percent believe that drivers should have to pay an amount under $250 per year. That said, the five largest vehicle insurance companies in the United States do not offer that…

Shedding Light on Insurance Fraud

August 23, 2014August 22, 2014 Note From The Editor

Fraud is not something that many people understand The insurance industry has to deal with a wide range of financial risks that often result in losses. One of the most things that insurers have to fight on a constant basis, but something that receives relatively little attention from consumers, is fraud. Insurance fraud is a longstanding problem that has no simple solution. Many people do not realize that fraud is not something that insurance companies suffer from alone. Fraud has a major impact on the finances of policyholders as well.…