U.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…

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Overall lower auto rates for Californians

California’s median auto insurance rate has decreased by 3.1% according to reports from InsWeb, an online insurance quote database. The decreased occurred over the past year with the national average following a similar pattern and dropping by 5.6% over the same time period. California currently ranks as the 19th most expensive state in which to insure a vehicle in the U.S. The report suggests that Californian males pay more for their auto insurance than women by nearly 7.7%. Drivers aged 19 and younger pay nearly double the rates of any…

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