Live Insurance News

Ohio insurance shows that its rates in many sectors are highly affordable

September 18, 2012June 11, 2013 H. Cutner

A recent study compares auto and homeowner policies over a span of three years. Though the storms that Ohio has faced over the last few years have made insurance news in their ever increasing effect on rates, despite the rises in premiums, the state is still among the most affordable places to purchase both auto and homeowners coverage. Homeowners premiums have risen in Ohio by an average of 6,2 percent since 2011. This, according to the latest Ohio Department of Insurance news data. Similarly, statistics from that department have also…

Negligent parking makes insurance news as innocent drivers pay the price

April 22, 2012April 22, 2012 Nordstrom

A recent study is making insurance news as it indicates that the cost of collisions has now added £1.3 million worth of damage to cars – A cost which must eventually be paid through the premiums of policyholders. Moreover, the study showed that only 1 in every 6 drivers said that they would leave their insurance information for the damaged car owner, and among them, 45 percent said that they would do so only if it looked like the damage was serious. Most of the careless parking incidents appeared to…

Progressive makes insurance news with opportunities for drivers to save

April 21, 2012April 21, 2012 Julie Campbell

Progressive has made several announcements regarding ways in which it is making auto insurance coverage more affordable. For example, it has announced that drivers in West Virginia will now be seeing lower premiums for their car insurance. According to Allison Feakins, the West Virginia product manager for Progressive, “We make it easy and affordable for consumers to get car insurance.” She explained that the company is regularly reviewing the rates that it charges and that the market conditions have now permitted some changes that will assist individuals in saving money. Moreover,…

House committee in Louisiana approves electronic proof of auto insurance coverage

April 19, 2012April 30, 2013

Louisiana legislation approval gives the go ahead on digital proof of auto insurance coverage. The new legislation says that police must accept both the electronic and print card versions of the proof of car insurance. The House Bill 1130, which was sponsored by Rep. Greg Cromer (R-Slidell) received unanimous support from the Committee on Transportation, Highways and Public Works. This vote will send the bill along to the next stage of approval, which consists of a debate on the House floor. Chuck McMains, an insurance industry lobbyist, has stated that insurers are increasingly…

Tennessee insurance bill requiring police to arrest uninsured involved in serious collisions

April 18, 2012April 30, 2013

Without car insurance you could end up in the slammer! A new bill in Tennessee to require that an arrest be made by police officers in the case of a serious auto collision, should a driver be unable to provide proof of car insurance coverage is making insurance news headlines as it awaits the signature of the governor in that state. There is also a companion bill which, according to its sponsor, Rep. Joe Carr (R-Lascassas), is still in the House Finance Committee to be heard next week. It would…

Study shows that millions of Americans drive drunk each year

October 11, 2011October 11, 2011 S.Vagus

– Could spur new drunk driving and insurance laws in Florida. A new study from Online Auto Insurance, an insurance organization that conducts regular research on a variety of issues facing the insurance industry, shows that millions of U.S. motorists drive drunk every year. The study highlights the need for stricter laws regarding drunk driving and notes that the sheer number of people driving under the influence of alcohol may be driving up insurance prices. The study corroborates findings from a recent report from the Centers for Disease Control and…

More than 800,000 vehicles recalled from the U.S. market last week

September 21, 2011September 21, 2011 Marc

Several automakers issued a recall of many vehicles in the U.S. last week. Hyundai and Subaru, amongst other companies, recalled more than 800,000 vehicles due to faulty manufacturing and safety shortfalls, according to federal regulators. The recalls were aimed at some of the more popular models from big-name manufacturers and will likely have an impact on the cost of insurance coverage for these vehicles in the future. The recalls were instigated by a report from the National Highway Traffic Safety Administration that found that a person had been killed due…