The state of California has been struggling to rein in one rampant rate increases coming from a number of health insurance companies. High rates are spurred by rising costs in health care and the state has been having trouble coping with the sheer number of rate proposals coming in. Short falls in the rate review process can, sometimes, put consumers at unnecessary financial risk. To help the state establish a more efficient review process, the federal government has awarded California with more than $4.3 million in grants. The California Department…
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California auto insurance law is being challenged by Mercury General Corp
Mercury General Corp., one of California’s largest auto insurance providers, has taken a bold new step in confronting one of California’s most controversial auto insurance laws. Proposition 103, as it is known, was first passed in 1989, much to the chagrin of many insurance companies offering automobile policies. The law brought many changes to the industry, among which were new regulations regarding rates and limiting the power of insurers to deny claims. For the past decade, Mercury General has been campaigning to change the law. As California’s Legislative session nears…
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 MoreThe cost of your vehicle doesn’t end at the price tag
If you’re hoping to save money on your auto insurance, then one of the most important factors that you should be considering is the type of vehicle that you’re driving, as this is one of the key factors that decides how much your rates will be. Overall, the rule of thumb is that if you want the very cheapest auto insurance, then a four door family-friendly vehicle will bring the best results. For example, the popular Town & Country by Chrysler is a vehicle that is considered to be both…
Read MoreIdentity theft protection now available to Allstate customers in California
Allstate Insurance Company has unveiled its latest offering to residents of California, which consists of identity theft expenses coverage, that will help to minimize the cost and the time needed by victims who need to salvage their identities. Every year, approximately 9 million people in the United States fall victim to identity theft, resulting in millions of dollars and hours spent for the recovery of the stolen identities. According to Assistant Field Vice President Phil Telgenhoff from Allstate, the victims of some of the more challenging cases of identity theft…
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