Car Insurance
Personal car-sharing takes off as states ease insurance laws
Baby, you can drive my car … for a few bucks. Seeing a business opportunity in millions of cars that sit idle at office parking lots or on weekends, several start-up companies have introduced “peer-to-peer” car-sharing services aimed at matching urban dwellers without cars and car owners looking to …
Allstate Boosts Online Insurance
In an attempt to expand its online home-auto sales, on Wednesday, Allstate Corp. (ALL - Analyst Report) announced the acquisition of Ensurance and Answer Financial from White Mountains Insurance Group Ltd. (WTM - Snapshot Report) for approximately $1.0 billion. The deal was valued at $700 million along with the …
Stunning video backs call for new trucking rules
Insurance industry wants better steel guards to keep cars that ram tractor-trailers from behind from going under the trucks (CBS News) –The Insurance Institute for Highway Safety says it’s …
Mississippi Senate Passes Proof of Auto Insurance Bill
The Mississippi Senate has passed a bill requiring motorists to show proof they have purchased liability insurance before receiving a car tag. The measure was sponsored by Sen. Billy Hewes, a Republican from Gulfport, who said his constituents have complained about being involved in crashes with drivers who aren’t …
Growing insurance trend allows drivers to pay by mile
SEATTLE — A new and growing trend in auto insurance offers reduced premiums to people who drive less. It’s known as usage-based auto insurance, where your premiums are lower, because you’re not on the road much. If you qualify, depending on where you live, you could lower your premiums by …
Accident Forgiveness - is it Right for You?
Accident forgiveness – is it right for you? Accident forgiveness: automobile insurance come-on or cost saver? The sales pitch sounds too good to be true: “Car accident? No problem. With accident forgiveness, your car insurance rate stays the same!” As with anything else, it’s best to develop an understanding …
Credit Scoring Law Cuts Insurance Rates
SALEM, Ore. — Thousands of Oregonians are enjoying lower insurance premiums as a result of a year-old credit scoring law, according to a recent survey by the Department of Consumer and Business Services Insurance Division. The law allows consumers to ask their insurer to re-price or “rerate” their auto …
COO Blackburn set to retire at State Auto
Insurance veteran Mark Blackburn will retire State Auto Financial Corp.
in November, has resigned from the company’s board of directors and has
given up his positions as chief operating officer and executive vice
president, State Auto said Monday.
Blackburn, 59, joined the company in 1999 after working executive-level jobs at Grange …
Texas Regulators: Auto Insurance Market is Competitive, Rates Remain Stable
HOUSTON, Jan. 11, 2011 /PRNewswire/ auto insurance news — The Texas Department of Insurance (TDI) last month released its latest biennial report, in which regulators say competition in the market has increased, costs have remained relatively stable and the number …
Misguided auto policy hurts the poor
Manitoba Public Insurance Corp., the provincial auto insurance monopoly, has embarked on a program to rid the province of cheap, serviceable vehicles in the belief cars built prior to 1995 are bad for the environment. The unintended consequences of this misguided policy, however, will be longer stints on welfare …