Live Insurance News

ICBC releases strangest insurance fraud cases of 2014

February 6, 2015February 2, 2015 Julie Campbell

The auto insurer had recommended that charges be laid against 100 people, last year, for a range of scams. The ICBC has now released a list of the oddest insurance fraud cases that its investigators were able to detect in 2014, which included everything from airbag evidence, failed impersonations, and even a conspiracy involving time travel. The Insurance Corporation of British Columbia has estimated that between 10 and 15 percent of its claims aren’t truthful. The data from the ICBC has stated that it feels that between 10 and 15…

Super Bowl insurance commercial starring Lindsay Lohan scores big

February 3, 2015February 2, 2015 Julie Campbell

Esurance lindsay lohan super bowl insurance commercial

The troubled actress poked fun at her bad history behind the wheel for big laughs in an Esurance ad. As was reported at the end of January on Live Insurance News, Lindsay Lohan starred in an insurance commercial that was played during the Super Bowl, and unlike the ads put out by other insurers during Super Bowl XLIX, this one was very well received. The actress has a reputation as being a very hazardous driver, making her perfect for the role in this ad. Esurance, an insurer owned by Allstate,…

Auto insurance data shows NFL games cause accidents

February 2, 2015January 31, 2015 Julie Campbell

The rate of drunk driving crashes increased on Super Bowl Sunday, as is the case with other football game days. The auto insurance industry has released data that has revealed that when NFL home games are played, as well as during the Super Bowl, car crashes rise, particularly when it comes to those that are associated with drunk driving. The data also revealed that when a home NFL team loses, the car crash rate increases more than when there is a win. Auto insurance statistics have shown that big NFL…

Rates for homeowners insurance and auto coverage are on the rise in Ohio

January 30, 2015January 29, 2015 Nordstrom

Homeowners insurance and vehicle coverage is becoming slightly more expensive this year Those living in Ohio can expect to be paying more for their homeowners insurance and auto coverage this year. Insurers in the state will be raising rates, but Ohio will still enjoy insurance rates below the national average for property and auto coverage. According to a report from the Ohio Insurance Institute, rates are on the rise for a number of reasons. Homeowners insurance providers note that many powerful storms have hit the state recently, which is leading…

Usage based insurance devices track drivers using GPS

January 29, 2015January 29, 2015 Julie Campbell

This type of program may be causing motorists to exchange their privacy for potential discounts. Drivers who are looking to save money on their auto premiums are starting to look toward options such as usage based insurance, which involves installing a device in the motorist’s vehicle in order to allow the insurer to track actual driving habits, instead of basing premiums exclusively on more general risk models. While this can give safe drivers the chance to prove their low risk, and save money, there may be a catch. Privacy advocates…