The Mississippi House is yet again moving ahead with a proposal to establish online computer checks to make certain that motorists are covered by car insurance. Last year, former Governor Haley Barbour vetoed a similar measure. Insurance Research Council data from 2009 shows that Mississippi is the state with the highest portion of uninsured drivers in the country, having reached 28 percent. In fact, that is twice as high as the Council’s national average for uninsured drivers. This latest measure was sponsored by Gary Chism (R-Columbus), the House Insurance Committee…
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New study shows New Year’s Eve is worst holiday for teen drinking and driving
A new study performed by Liberty Mutual Insurance and SADD (Students Against Destructive Decisions) has shown that New Year’s Eve is the holiday on which teens are most likely to drive while under the influence of alcohol or drugs, despite the fact that they believe that it is the most dangerous driving night of the year. The survey included the participation of almost 2,300 students in the eleventh and twelfth grades. When those who were drivers were asked about the degree of danger they believe is associated with certain events…
Read MoreCar insurance: truth, lies, myths, and reality
When it comes to auto insurance, there is a lot of information available, but it’s hard for insurers and customers alike to know what to believe, what is a deception, and what is simply an urban myth. A recent study performed in the United Kingdom by eCar – an eInsurace Group serving more than 28,000 monthly insurance applications – found that women drivers are slightly more likely than men to alter the truth when they submit an auto insurance application. The study also showed that there has been an increase…
Read MoreAllstate insurance ranks American cities for most and least likely to have an auto accident
Allstate Insurance has released its annual ranking of the best and the worst cities for traffic accidents… with Washington D.C. ranking as the city with the greatest likelihood of collisions, and Fort Collins, Colorado holding the distinction of having the lowest odds of a crash. In order to rank the cities, the insurer compared the frequency of auto collisions with the population of the city. This provided Allstate with the average driver’s odds of being in an accident. They also compared that likelihood with the average for the country. In…
Read MoreAuto insurance in China now includes Swiss Re and Munich Re
With the goal of growing their premiums, both Munich Re and Swiss Re Ltd. have announced that they are headed into China to assist local auto insurance companies in the writing of a greater amount of coverage within the largest auto market on the planet. The world’s second largest reinsurer, Swiss Re, has already stated that the premiums in China for the first two quarters have exceeded $1 billion, which is significantly higher than the $885 million that was seen by the same time last year. According to the Munich…
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