Live Insurance News

State Farm Faces Setback as Class Action Lawsuit Progresses in Federal Court

August 26, 2024August 25, 2024 John B.

State Farm Lawsuit Advances After Motion to Dismiss Denied In a significant legal development, U.S. District Judge Virginia Kendall has denied State Farm’s motion to dismiss a class action lawsuit, allowing the case to proceed in the U.S. District Court for the Northern District of Illinois. The lawsuit accuses the insurance giant of systematically undervaluing and underpaying policyholders for totaled vehicles, raising concerns among policyholders and industry analysts alike. Challenges to State Farm’s Valuation Methods and Practices The lawsuit, originally filed in March 2022, challenges State Farm’s vehicle valuation methods,…

Record-Breaking Auto Insurance Shopping Trends: The Game-Changer Insurance Agents Can’t Ignore

August 1, 2024 Angela Linders

The national auto insurance shopping and quoting rate reached a record high between April and June of 2024, signaling significant shifts in consumer behavior. According to a new J.D. Power report, this increased activity could have varying implications for insurance agents across the country. Record-Breaking Trends The report highlighted that May 2024 matched the ongoing study’s all-time high monthly shopping rate, with 13.5% of U.S. drivers seeking new quotes. Additionally, 4.2% of drivers switched insurers, setting a new monthly high. This intensified shopping and switching activity reflects consumers’ responsiveness to…

GEICO Offers New Discounts Amid Rising Auto Insurance Rates

April 8, 2024April 7, 2024 Angela Linders

In a bold move to capitalize on increasing auto insurance rates across states such as California, GEICO Corp., part of Warren Buffet’s empire, is offering an attractive discount initiative, the “Welcome Factor,” aimed at expanding its auto insurance business. GEICO’s Fresh Approach to Auto Insurance With the surge in insurance rates, many insurers are taking a step back from writing new policies. However, GEICO is actively inviting new clients by marketing a special discount for those who apply for personal auto insurance. The discount is designed to taper off gradually…

Choosing an Insurance Agency

May 6, 2021May 7, 2021 Guest Author

Insurance is something most people forget about until they are in a situation where they really need it. But, being insured is crucial to help protect the valuable things in your life. Some insurance is a necessity, such as personal auto insurance. However, insurance for other belongings such as jewelry and home contents is often overlooked. One thing that puts many people off becoming insured is not knowing what insurance they need and how to get the best deal. This is why using an insurance agency such as Barouh Insurance…

What Car Insurance Do You Need When Towing?

September 27, 2019 Guest Author

Just because you’ve got a tow hitch doesn’t mean what you tow will be covered under your primary automobile insurance. There are a high amount of mechanical issues which can develop from towing. Even if you know what you’re doing, there can be problems. Now that’s not to say you shouldn’t tow, it’s not to say there are no insurance options available. It is to say you should know what you’re doing, and be careful. As far as insurance goes, what you’re looking for is twofold. Firstly, seek roadside assistance…