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…
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House committee in Louisiana approves electronic proof of auto insurance coverage
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…
Read MoreTennessee insurance bill requiring police to arrest uninsured involved in serious collisions
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…
Read MoreAre voice controls in vehicles any safer than using a mobile handset?
Hands free doesn’t mean attention free. It’s becoming common knowledge that cell phone handsets cause drivers to become distracted, and an increasing number of states are prohibiting their use for talking, texting, and other activities while behind the wheel, but are the voice-controlled gadgets that have been replacing them any safer, or are they simply creating a new high-tech way to take focus away from the road? Some experts are now saying that it is equally dangerous to talk to a dashboard as it is to speak to a cell…
Read MoreIllinois residents face increased insurance rates for home and auto
Illinois insurance rates on the rise According to the March state filings by a number of insurance companies, some residents of Illinois will soon be receiving the unwelcome news that the coverage that they require for their homes and vehicles will soon be rising. For example, Hanover Insurance has filed a proposal to increase their rates for homeowners’ insurance by an average of 4.9 percent. This rise will go into effect for the renewals on July 11, 2012. Similarly, the filing from Unitrin Preferred Insurance Co., has shown that they…
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