Live Insurance News

British insurers are tackling insurance fraud more effectively

July 16, 2015July 15, 2015 Logan B.

Insurance fraud continues to be a problem for the industry, but insurers are fighting back Insurance fraud has been a problem that insurers have been dealing with for nearly as long as the industry has existed. Over the past few years, fraud has become a much more significant problem, however, as fraud methods are becoming more sophisticated and insurers are becoming more exposed to extreme financial losses. Insurers are doing what they can to combat fraud, however, and are becoming more adept at weeding it out and identifying those responsible.…

UK auto and homeowners insurance rates to rise due to increased tax

July 15, 2015July 15, 2015 S.Vagus

20 million consumers to be affected by increase insurance rates As many as 20 million drivers and homeowners in the United Kingdom are expected to see their insurance premiums rise by as much as 10% due to a new tax levied on insurance providers. The tax is part of an overall budget plan introduced by George Osborne. The budget plan introduces a 50% increase on the country’s insurance premium tax, which is applied to all auto insurance policies, as well as property and pet insurance coverage. Budget plan raises the…

Proper tire pressure could save you a fortune in vehicle expenses

July 13, 2015July 11, 2015 Julie Campbell

Digital Tire Pressure Gauge ways to save money

Drivers face enough costs when it comes to insurance premiums and rising gas prices, but there are simple ways to save. Car ownership is an expensive part of life, and it isn’t getting any cheaper, but fortunately there are certain tips such as proper tire pressure that can help you to make sure that you will save as much money as possible along the way. Some of the best ways to save money are actually the easiest ones, so be sure to learn what they are. The first step in…

California law aims to address ride-share auto insurance

July 8, 2015July 6, 2015 Marc

New law approved in California will have an impact on the ride-share market A new law in California will bring changes to the ride-share industry and how it makes use of auto insurance. Ride-share companies like Uber and Lyft have been at the heart of controversy concerning insurance coverage. These companies provide their drivers with coverage, but only when they are transporting a passenger, not when they are on the way to retrieve that passenger. As such, there may be significant coverage gaps that place drivers at risk because they…

Allstate Insurance releases report revealing insight into teen driving habits

July 2, 2015July 1, 2015 Julie Campbell

As it turns out, the majority of parents have no idea what their adolescent children are doing behind the wheel. A new report has now been released by Allstate Insurance that has determined that many parents do not actually know what the driving habits of their teen sons and daughters truly are. The report, from The Allstate Foundation, revealed that teens have many risky behaviors of which parents are unaware. Within this report, it was shown that parents often don’t know when their teen driving sons and daughters have been…

UberX generates auto insurance controversy in Canada

July 2, 2015July 1, 2015 Nordstrom

UberX has received criticism for the insurance coverage it provides its drivers Ride-share company UberX has generated some controversy in Canada concerning auto insurance. Toronto’s taxi industry has voiced concerns about the insurance coverage that UberX provides its drivers. Per the company’s policies, its drivers are not required to purchase commercial auto insurance. There are concerns that the company does not ensure that its drivers have liability coverage either, which could place drivers and their passengers in a risky position in the event of a major accident. All rides on…

Loyalty may mean consumers are paying more for auto insurance coverage

July 1, 2015June 30, 2015 Marc

Consumers could find less expensive coverage if they switch carriers Loyalty may be costing drivers in terms of auto insurance premiums. Many consumers opt to stay with their insurance provider because they are provided with certain benefits, such as credit toward insurance payments or discounts on other services. This loyalty may not be as beneficial to consumers as they believe, however, and they could find less expensive auto insurance coverage by switching to another insurer, and this may be a greater benefit than the loyalty rewards they are receiving from…