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Post Date February 22, 2012 - The State of Mississippi is establishing a Car Insurance database. This resource will assist the Mississippi government track down those drivers whom refuse to maintain Car Insurance. According to the Auto Insurance Research Council, Mississippi drivers are known for driving in the state without car insurance coverage. In…
Post Date February 20, 2012 - Twenty U.S. States have come to an agreement with Prudential Insurance Company in a case which challenges the way the insurance carrier handles unclaimed funds for life insurance and other policies excluding car insurance. Prudential insurance is one of the leading providers for life insurance coverage in the United States….
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Post Date 2.17.12 – Although efforts to change the auto insurance repair laws in New Jersey have failed, there is legislation being reviewed by New Jersey lawmakers to review hourly rates both body and mechanic repair shops charge auto insurance carriers. The auto insurance repair labor fee bill will request the formation of a committee of 12 law makers, other legislators and reps from the state car insurance and auto body repair fields….
Post Date February 15, 2012 – A California insurance ballot initiative targeting auto insurance companies seeks approval from state insurance regulators before adjusting auto insurance rates. California Residents will also vote to allow auto insurance companies offer both discounts and surcharges to policyholders based on their life style history. This will require automobile insurance companies to seek prior approval from state regulators before adjusting their automobile insurance…
Post Date February 13, 2012 - The American Agents Alliance, an organization of independent auto insurance agents and brokers, has collected over half a million signatures from California car insurance buyers to sponsor an act that will allow consumers to shop for auto insurance coverage from other car insurance companies with their loyalty discounts in tact….
Post Date February 12, 2012 - Progressive Insurance became the latest auto insurance company in the US market to report and annual loss. The company’s fourth quarter profits shrunk from near $300 Million in (2010), to near $260 million in 2011. This loss was attributed to lower profits in investments. Progressive auto insurance’s net annual earnings dropped from near $11o million 75 million in December 2011. According to NASDAQ,…
Post Date February 10, 2012 – An auto insurance industry think tank has published a study highlighting the prime concerns among insurance companies in 2012. According to The Geneva Association, global financial instability is the #1 source of distress in the auto insurance industry today. Lack of government preparedness and efforts in dealing with natural disasters…
February 8, 2012 – New Jersey Lawmakers will release the latest auto insurance Personal Injury Protection (PIP) proposals this month. Since late last year, the New Jersey Department of Banking and Insurance has worked out details of the new rules of the states proposed auto insurance personal insurance protection law. The changes should be…
Monday’s Post 2.6.12 – The Consumer Federation of America released a report saying auto insurance rates have become to expensive for low-income drivers. Auto insurance carriers rejected their report’s findings which states further regulation of the auto insurance industry would do little good to help policyholders. The president of the Insurance Information Institute (III) said that…
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