4AutoInsuranceQuote.org, and online car insurance quote service, has released the results of its study that has shown that the texting behaviors of drivers are causing insurance rates to rise. The research showed that when drivers receive citations for texting while behind the wheel, or when they are in an accident that is associated with the use of a mobile phone or device, it causes his or her monthly premiums to increase. Further to this information the study determined that the number of accidents that have involved fatalities and that were…
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Italian insurance market looks healthy, attracts foreign investors and insurers
Despite the growing economic crisis in Italy, the nation’s auto insurance industry is showing promising signs of expansion. The industry is beginning to attract the attention of foreign insurers, consumers, and independent agents due largely to its strong presence on the Internet. Insurance sold through banks in Italy is also on the rise, imbuing the industry with tentative hope for future growth and solvency. According to the Institute for the Supervision of Insurance (ISVAP), one of Italy’s regulatory authorities, online sales of auto insurance rose by 7% in the first…
Read MoreWhat consumers should know when shopping for car insurance; cheap is not always better
Before you hit “Buy Now” consider this when online shopping for car insurance. It doesn’t matter what kind of car you drive, experts in the industry are reminding drivers that at the time of a collision, there is a significant difference between a good quality auto insurer and policy, and one that is weaker or that offers less. Many consumers are finding this out when trying to save money but learn that fly-by-night insurance carriers are not there for them nor have they been properly advised. Unfortunately, with budgets being tighten, many are…
Read MoreU.K. regulators claim aggregators putting consumers at risk
Insurance regulators in the United Kingdom have found some problems with several online insurance quote aggregators, raising concerns as to whether the companies responsible for these websites were treating customers fairly. The Financial Services Authority has found instances of compliance failure with websites dealing in home and auto insurance. The regulatory group has been reviewing this particular sector of the insurance industry for several months now in an attempt to curtail fraud. So far, 19 companies have been found as failing to adhere to regulatory rules. Investigators reportedly discovered failures…
Read MoreChubb Insurance Group expands coverages for auto policies
The Chubb Group Insurance will be adding to, and expanding, aspects of their automotive policies. Customers in four states can now take advantage of pet coverage that was added to their auto policies. The additional coverage will help to pay for medical treatment the pet may require if it is in the vehicle when the owner is involved in an accident. The Chubb Group is also raising the limit on loss-of-use coverage, and broadening the lease (GAP) coverage. Additionally, they are adding replacement cost coverage on new vehicles; if an…
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