Live Insurance News

Homeowners’ insurance customers reminded of bear risk

June 17, 2022June 16, 2022 Logan B.

North American species have learned that places humans inhabit are areas where food can be found. The United States is home to a spectrum of types of bears as well as their subspecies, and homeowners insurance customers are reminded that these animals are dangerous and can cause substantial property damage. The American Black Bear alone is distributed throughout the country with 16 different subspecies. The overall population of the American Black Bear is as high as 900,000, primarily found in forested and mountainous parts of the country. When they’re living…

3 in 4 female drivers say gender shouldn’t be an auto insurance quote factor

June 14, 2022June 13, 2022 H. Cutner

A recent Forbes Advisor survey showed that most drivers feel they are overpaying for their coverage. Nearly 60 percent of American drivers believe that they are overpaying for their auto insurance coverage, according to a survey conducted by a team at Forbes Advisor. The research also examined drivers’ perception of different factors used to calculate premiums. The survey examined the various pricing factors for auto insurance and American drivers’ opinions on the use of those factors to calculate their premiums. The research involved the participation of 2,000 drivers across the…

Motorcycle crashes see double-digit increases, including fatalities

June 7, 2022June 7, 2022 H. Cutner

Motorcycle crashes - crash of motorcycle

Riders are at double the risk of deadly accidents compared to all other road vehicles. Motorcycle crashes are on their way up, including those leading to rider fatalities, placing them in far greater danger than any other vehicle operators on the road. According to a recently released report, fatal accidents rose by 11 percent from 2019 to 2020. The report focused on a ValuePenguin study that examined fatal motorcycle crashes for the five years starting in 2016, the latest available data. Riders are more than twice as likely to be…

Michigan auto insurance reform bill causes walkout in surprise House hearing

May 25, 2022May 24, 2022 G. Turner

This was the first hearing of its nature, meant to address medical service fee cut complaints. A recent surprise Michigan auto insurance hearing in the House was intended to respond to complaints received regarding medical service fee cuts for catastrophic crash survivors. The result was that Republicans walked out. The bill failed to advance, and it was removed from committee by the House leaders. The House members who took part in the walkout of the House Insurance Committee meeting said that the Michigan auto insurance bill was not listed in…

Michigan auto insurance refund deadline is today

May 9, 2022May 9, 2022 Marc

Auto insurance refund - Refunds keyboard

Insurers are required to issue their $400 checks to applicable policyholders no later than today. The auto insurance refund deadline insurers have to issue the $400 refund checks to their customers has arrived. Michigan Governor Gretchen Whitmer announced last week that $2.2 billion had yet to be issued. During the second half of April, about 1.2 billion in auto insurance refund checks had been issued, according to Michigan Department of Insurance and Financial Services data. Around $3 billion is intended for redistribution to drivers in the state who had active…

Insurance Tips That Could Help You Stay on Top of Finances

April 21, 2022May 5, 2022 Guest Author

Different people deal with their own finances in different ways, and part of that is simply down to the fact that these situations are often entirely unique from one another. While there are tips that you can generally follow in order to see a better result, it’s difficult to find a piece of advice that perfectly describes your situation and gives you a clear direction out of the woods. So, you might find it more beneficial to simply focus on one aspect of your financial life and see if that…

Why Does An Accident Affect My Insurance If I’m Not At Fault?

April 5, 2022 Guest Author

Having a car accident is a difficult experience for anyone, no matter how it turns out. We would all love to make a deal that guaranteed we would never get into an accident. However, the best we can do is car insurance, so that we are not left in financial straits due to a collision. Insurance is important for everyone who drives, but only third-party insurance is legally required. Nonetheless, if you have a car accident and you don’t have auto insurance you will certainly regret it. The best case…