auto insurance requirements Archives

Legislation targets auto insurance and ride share services in Florida

December 9, 2015December 8, 2015 Marc

New legislation will place auto insurance requirements on ride share companies New legislation in Florida could affect the way ride-share companies receive auto insurance. Companies like Uber and Lyft, which providing transportation services with the aid of mobile apps, have been at the heart of debate concerning issues in the auto insurance sector. These companies typically meet the minimum requirements but are not technically required to do so because of the way they operate. The new legislation would codify existing standards, ensuring that companies like Uber and Lyft are required…

Driverless cars may be a problem for the auto insurance industry

April 8, 2015April 6, 2015 Marc

auto insurance car transportation hybrid

Self-driving vehicles need legislative attention Driverless vehicles could be a disruptor for the auto insurance market, but they will have to overcome several legislative hurdles before they can do so. When it comes to the law, self-driving cars become a very complicated matter. For instance, when such a car is involved in a collision, where the blame can be placed for the incident can be difficult to determine. This is something that auto insurance companies and lawmakers are grappling with. Insurers are forming a better understanding of self-driving cars and…

New auto insurance requirements could be imposed on ride-share services

March 26, 2015March 24, 2015 Marc

Uber and Lyft could have to comply with new auto insurance requirements, pending legislation New auto insurance requirements may put some pressure on ride-share service, such as Uber and Lyft. The Senate Banking and Insurance Committee has supported new legislation that would introduce new requirements on companies that use mobile applications to connect drivers with passengers. These services have become quite popular in large cities and serve as an alternative to taxis. Over the past year, these services have been the subject of concern because of the auto insurance coverage…

Auto insurance requirements raised in Ohio

January 28, 2014January 25, 2014 Logan B.

Ohio drivers will have to up their insurance coverage in order to comply with state’s new standards Drivers in Ohio are set to see an increase in their auto insurance premiums as the state increases its minimum insurance requirements. The last time Ohio’s minimum insurance requirements were changed was in the 1960s and state officials suggest that the old requirements are no longer able to cover the costs associated with accidents. This belief is supported by many of the state’s insurers, most of who have been pushing for updated standards…

Auto insurance requirements set to rise in Arizona

January 21, 2014January 18, 2014 Logan B.

Arizona lawmakers aim to raise the insurance requirements for the states drivers The minimum level of auto insurance coverage is about to rise in Arizona. A new legislation has been introduced that would require drivers to purchase additional coverage and pay higher rates. The legislation seeks to mitigate the risks that exist in the state. The minimum auto insurance level has not been changed for the past 42 years and lawmakers suggest that the current insurance requirements are no longer adequately protecting the state’s residents from accidents and other issues.…

Auto insurance minimum requirements may rise in Illinois

July 15, 2013July 13, 2013 H. Cutner

The General Assembly is waiting for the governor to decide whether or not he will sign off on it. The last time that Illinois established a minimum mandatory auto insurance level for motorists was in 1989, at which time $20,000 was felt to be sufficient coverage for liability coverage. However, over the years, that amount has been able to cover a decreasing portion of medical bills for people injured in accidents. Nearly a quarter of a century later, the state is now passing legislation to increase the required liability auto…