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37 Insurers Slapped with $20M in Insurance Fines for Breaking New York’s Reporting Rules

March 11, 2025March 11, 2025 G. Turner

New York State Fines Auto Insurers $20 Million Over Reporting Failures The New York State Department of Financial Services (DFS) has handed down $20 million in fines to 37 auto insurers for failing to report new and terminated insurance policies in a timely manner. This enforcement move, announced recently, comes after years of warnings from state regulators about ongoing reporting failures. While the fines aim to improve compliance, the case has raised important questions about outdated reporting systems, consumer protection, and accountability. Why Timely Reporting Matters for Drivers When you…

Auto Theft in Michigan Breaks Records—The New Plan to Reverse the Trend

February 11, 2025February 10, 2025 Marc

Michigan Strengthens Fight Against Auto Theft with Expanded Task Force Michigan is taking a decisive stand against the surge in auto theft, transforming its Auto Insurance Fraud Unit into the newly-expanded Auto Fraud Task Force (AFTF). Spearheaded by Michigan Attorney General Dana Nessel, this initiative comes in response to alarming state-wide trends in vehicle theft, which have risen by 48.4% over the last five years. Auto Theft in Michigan Reaches Record Numbers Residents across Michigan have felt the effects of climbing auto theft rates. Recent data reveals that the number…

How Rising Auto Insurance Costs Are Changing the Way We Buy Cars

January 13, 2025January 13, 2025 John Bowers

Rising Auto Insurance Costs: A Growing Concern for U.S. Drivers Auto insurance premiums in the United States have reached record highs, raising concerns about affordability for many Americans. A recent study by Jerry revealed that eight out of 10 U.S. drivers believe auto insurance has become prohibitively expensive for the average person. Even higher-income earners, those making more than $129,000 annually, are feeling the pinch. Nearly half of them have been shopping for better rates, while over half have opted for reduced coverage heading into 2024. This steady climb in…

Thai uninsured drivers now have a unique affordable auto insurance policy option

August 8, 2019August 8, 2019 H. Cutner

Uninsured Drivers - Driver - Steering Wheel

Thaivivat and AIS partnered to attract these motorists with coverage exclusively while driving. Thaivivat, an insurance company in Thailand, has partnered with telco AIS to draw uninsured drivers in the country. The idea is to provide a type of coverage that is affordable through a unique product that is a first of its kind in the world. This auto insurance coverage is unique in that it applies only when the vehicle is in operation. This program to appeal to uninsured drivers is the first on the planet that automatically covers…

Lack of auto insurance can now be detected through license plates

April 1, 2015March 30, 2015 Julie Campbell

child kid auto insurance bad worst drivers

Police in Michigan can now run the plates of a vehicle to determine whether or not it is insured. Drivers on the streets of Michigan now have more incentive to ensure that they obtain the legally required auto insurance for their vehicles, as police have just been armed with a new and much easier way to identify uninsured motorists. Simply by running a vehicle’s plates, police are able to know whether or not there is an insurance policy present. The technology will become available to police officers in mid-September and…

Insurance law that fines uninsured Louisiana drivers cause anger

October 6, 2014October 4, 2014 G. Turner

These high penalties have caused some residents of the state to call this new regulation unfair. A new insurance law has now gone into effect in Louisiana, which is designed to deter drivers from heading out onto the road while uninsured, but some residents of the state are now calling it unfair, as the penalties associated with it are quite high. Previously, the fine for driving without any auto insurance had been a small, one-time fee. However, drivers are now discovering that this insurance law means business. The fee now…

Many drivers in Colorado lack auto insurance

August 20, 2014August 16, 2014 S.Vagus

Lack of insurance coverage is becoming a problem that needs attention Auto insurance is a problem in Colorado. The number of uninsured drivers on the state’s roadways is growing every year and this is a significant issue when considering the frequency of vehicular accidents. It is likely that a single driver will be involved in as many as four accidents during their life. In most cases, auto insurance coverage will handle the issue relatively quickly. Accidents become significantly more complicated if the other party does not have insurance coverage. One…