Live Insurance News

New auto insurance regulations in California target on-demand ride services

June 17, 2014June 13, 2014 S.Vagus

Regulators are introducing new rules that focus on the on-demand ride service sector California insurance regulators are considering new rules that target on-demand ride services, like UberX and Lyft. These services represent a certain degree of risk when it comes to auto insurance and many insurers have expressed concerns regarding fraud and other issues that have yet to receive regulatory attention by the state. Similar services in other states have been subjected to the same regulatory focus recently, with some of these services actually being barred from operating in some…

Auto insurance bill amendments in NC isn’t out of the woods yet

April 13, 2013April 11, 2013 G. Turner

There is still opposition being faced by a controversial bill that would change the state regulation system. An auto insurance bill in North Carolina is still facing opposition, as the controversial effort attempts to change the way that the rates in the state are regulated, despite the fact that the bill has been modified in acknowledgement of the objections that have been identified by its opponents. The opponents were not won over by the amendments that were made to this bill, which include the commissioner. Among those who remain opposed…

Auto insurance cards accepted electronically in only some states

April 8, 2013April 6, 2013 Julie Campbell

Paper proof of coverage cards are still required in the majority of states, so drivers should inform themselves. Although electronic proof of coverage is starting to make a growing number of auto insurance news headlines, drivers are being cautioned that the majority of states still require the paper cards and will not yet accept a digital version displayed on a mobile device. Many people are becoming confused by the advertising made by certain insurers. Consumers are being cautioned to pay closer attention to these auto insurance commercials, as the service…

Auto insurance industry backs California Proposition 33

October 30, 2012October 28, 2012 S.Vagus

Proposition 33 could have major implications for auto insurance In California, Proposition 33 has won the support of the insurance industry. The legislative measure is designed to allow consumers that have held policies in good standing with the same auto insurance company for five years to switch companies and still receive so called “loyalty benefits.” Though Proposition 33 seems straightforward, it has created some controversy in the world of auto insurance and with some special interest groups. Nonetheless, many in the insurance industry support the measure, claiming that it will…

Auto insurance in Florida continues to be a problem

October 1, 2012 S.Vagus

Lawmakers benefits of new auto insurance laws to be seen soon Auto insurance in Florida has been in flux for some time. State lawmakers have been laboring to make changes to Florida’s auto insurance regulations in the hopes of curbing the prevalence of fraud. Legislators have made significant changes to the state’s personal injury protection (PIP) regulations, which have been hailed both as a remedy for fraud and a financial problem for consumers and businesses. Whatever the case may be, auto insurers are tasked with figuring out ways to lower…