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Category Archives: Renter’s Insurance

Car Insurance Rates Studied

Car Insurance RatesPost Date  February 11, 2013 – Auto insurance industry players are up against the recent car insurance rates study released by the Consumer Federation of America (CFA), saying that their study is flawed.  The car insurance rates studied were released by the consumer advocacy group based in Washington D.C. in the last week of January reported that auto insurance companies are charging higher premiums to safe drivers compared to those drivers who had been found responsible or an automobile accident. The consumer group pointed out that expensive car insurance rates being referred to their report is a result of the practice of the insurers to use non-driving-related factors such as the education and occupation of a driver in rating their car insurance rates. Using income-based rating factors is “discriminatory” and “mainly harm low and moderate income motorists. Policymakers  ask why insurance companies are being permitted to use the said non-driving related rating factors in calculating car insurance rates.

Unrelated rating data dictates Car Insurance Rates

NAMIC’s vice president for public policy, Robert Detlefsen, belittled the report to be just a “press release.” Detlefsen assailed the report saying that it “erroneously suggests” that the said non-driving related factors used in rating car insurance rates are not predictive of risks. He said that the CFA’s findings are based on “one false assumption” that the only relevant risk rating factors are only those that involved accident history.  Progressive Insurance Company, 3rd largest auto insurer in the United States responded to the report saying that they sometimes include non-driving related factors in rating car insurance rates as these factors have been proven to predict a driver’s likelihood of having an accident. Progressive Insurance Company along with other insurers such as Farmers, GEICO and Allstate has been cited by the  report to have used the non-driving related factors, specifically the driver’s education and income level.

Hurricane Insurance Deductible Waived For Homeowners

Post Date November 11, 2012 – Hurricane Sandy was the most destructive weather event in the northeast over the last 60 years.  The death and destruction from Sandy will be felt for decades.  Law makers in the effected eight states and the District of Columbia recently announced a temporary change in Homeowners Insurance Rules to help… Continue Reading

Homeowners Insurance Coverage Vital For College Students Dorm Rooms

Post Date September 7, 2012 – As the beaches become less crowed  as the end of summer comes to a close; parents all over the commonwealth have education on their minds.  Moms and Dads all over the state are packing up their teens up and taking them to colleges and universities all over the State… Continue Reading

NJ Homeowners Encouraged To Review Homeowners Insurance

NJ Homeowners Encouraged To Review Homeowners Insurance

Post Date June 21, 2012 –  Since wildfires ravaged parts of New Jersey, NJ State Authorities call for homeowners to review their Homeowners Insurance policies to assure their homes have sufficient protection from such type of disasters.  New Jersey’s Department of Banking and Insurance (DOBI) together with the Department of Environmental Protection (DEP) and the… Continue Reading

Fidelity National Financial Insurance Dumps Over 80 Percent Of Personal Lines Division

Fidelity National Financial Insurance Dumps Over 80 Percent Of Personal Lines Division

Sunday’s Post 1.8.12 –  A major Insurance Company which underwrite many products such as Auto Insurance, Homeowners Insurance, Title Insurance and Financial & Investment Services;  Fidelity National (FNF) Inc. will off-load eighty-five percent of its personal coverage lines policies to a Memphis insurance carrier, WT Financial.  WT  Financial will buy the FNF Co, FN Property/Casualty Insurance Co, and Fidelity National Insurance Svcs., while… Continue Reading

Unitrin Direct to change it’s name to Kemper Auto & Home Insurance

A legendary Auto & Homeowners Insurance Company name is back in the headlines. Unitrin Inc. one of the top car insurance companies has taken the Kemper name, and  will officially operate as Kemper Corp. with trading on the New York Stock Exchange as the KMPR ticker symbol. The Kemper name seemed to be a permanent fixture in the property/casualty insurance business until 2001-2002, when the company took a… Continue Reading

Ohio Insurers Register Astronomical Losses From May Storms

The end of the storm-ridden quarter saw Ohioans and their insurers grappling with yet more rigorous rounds of storms leading to massive damage and losses.  A report complied after a statewide preliminaries show that homeowners & renters insurance companies incurred losses in excess of $400 million just within the last week of May 2011.  The… Continue Reading

Home Insurance Study Shows Improved Customer Satisfaction Among Insurers

In their 2011 National Homeowners and Auto Insurance study, J.D. Power and Associates reported that customers are more satisfied with their home insurance providers this year compared to last year. Despite this major improvement, satisfaction of ones homeowners insurance, renters Insurance and car insurance companies was still below the study completed in the 2008-2009 study. As the President and… Continue Reading

Berskhire’s National Adds New Twist To Auto Insurance Empire

On Friday August 26 2001, Transatlantic Holdings initiated agreements with National Indemnity, a unit of Warren Buffett’s Berkshire Hathaway regarding a $3.2 billion takeover option and thus adding a new surprise in the battle for reinsurers. This option will add another valuable component to Berkshire’s holdings which also includes GEICO Auto Insurance Company’s Cavemen and adorable Gecko. GEICO’s car… Continue Reading

Classic Car Insurance Deals for Traditional Antique Car Owners

As most InsureDirect.com Car Insurance Customers are aware, the agents and customer service personnel in our Home Office National Call Center in Lansdale, Pennsylvania receive the best customer service in the insurance industry. Where Auto Insurance and Homeowners/Renters Insurance products and service are our #1 products,  InsureDirect.com has been insuring Classic Cars since near 1995.  There are many different types of classic… Continue Reading