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 fraud receives more attention from state agency

June 3, 2014May 31, 2014 Logan B.

Insurance Department begins to increase its efforts to combat insurance fraud throughout California The California Department of Insurance has begun to focus more heavily on fighting auto insurance fraud in the Los Angeles area. The agency has been working to track down and eliminate fraud in this area for some time, but has only found modest success. Those participating in fraud have, thus far, managed to find ways to sidestep regulations and continue exploiting consumers and insurance companies alike. Recently, the agency has found more success in its fight against…

Auto insurance gap for ridesharing closed by Uber

March 18, 2014March 15, 2014 H. Cutner

Drivers participating in the program can now do so with greater confidence with better coverage. The popular Uber ridesharing program has now broadened the auto insurance coverage that it is offering its drivers, in order to help to ease the concerns of American lawmakers and regulators, and to help to ensure that these services will be used on a broader scale. This type of ridesharing program allows the use a smartphone app to find a ride. The drivers in these ridesharing programs aren’t usually professionals, but are typically regular licensed…

California insurance regulator issues warning about ride sharing coverage

February 10, 2014February 10, 2014 Julie Campbell

Companies offering these programs such as Lyft, Uber, and Sidecar claim that their policies don’t have gaps. According to a California insurance industry regulator, there could be some coverage issues faced by participants in the state’s ride sharing programs if they should ever find themselves in the tragic circumstance of a deadly accident. There have been gaps pointed out in the policies of these high tech carpooling systems. At the same time, Lyft, Uber, Sidecar, and other companies that are offering this type of environmentally friendly, affordable program continue to…

Donating a car in California will affect your auto insurance rates

January 15, 2014January 15, 2014 G. Turner

Donating a car in California auto insurance

Many people are surprised at the impact of donations on their own premiums. Watching the recent news headlines has revealed that donating a car in California has become a growing trend in the state, but at the same time, many of these generous individuals and businesses are discovering that the impact that this can have on auto insurance premiums can be a surprising one. There are many different factors impacting premiums and a donation can alter these calculations. While many people feel that by donating a car in California, they…