– By Pushpa Sathish, Staff Writer
The Finance Supervisory Commission (FSC) of South Korea has launched a nationwide crackdown on insurance frauds. The regulatory agency cites crimes in the auto insurance industry as the major reason for the losses suffered in the non-life insurance market. The Korea Insurance Development Institute pegs the total losses from insurance […]
– By Pushpa Sathish, Staff Writer
Making sure that your car is not stolen has a double benefit – the most obvious of the two being that you still have your automobile, and the other, the fact that you can reduce the premiums on your auto insurance. Jane Mack says that going without a claim on […]
– Pushpa Sathish, Staff Writer
Are you a bad driver just because you don’t have a college degree? That’s the bone of contention between GEICO, Florida, and the Consumer Federation of America (CFA), an advocacy group based in Washington. The Government Employees Insurance Company (GEICO) charges a higher premium for blue-collar workers like clerks, assistants, route […]
Insurance Auto Auctions recently announced that it would be marketing the web based Auto Lien Payoff system from Assurant Solutions. Insurance Auto Auctions, Inc. is a leader in automotive total loss and specialty salvage services in the United States. It would be marketing the solutions to the insurance companies in the US.
The web based Auto […]
Three insurance trade groups recently filed a suit in Sacramento Superior Court against the California Department of Insurance. The three trade groups are - The Association of California Insurance Companies, the American Insurance Association and the Personal Insurance Federation of California. They are trying to prevent the department from enforcing new auto rating regulations. They […]
United Services Automobile Association has recently cut auto insurance premiums by almost 9 % on average in Harris County. This move is in sharp contract to the trend else where in the country. USAA says that the members will now be able to save around $150 per policy, per year. This is a direct affect […]
Recently eight auto insurance companies requested permission to lower their rates in San Diego, in order to comply with the state reform program. Once these rates are approved, the resident motorists of San Diego could save more than $28.5 million annually. These companies are - AAA of Northern California, Wawanesa, Progressive, GEICO, State Farm, Auto […]
The Insurance Fraud Bureau of Massachusetts is in the process of putting a task force into place. The task force is being formed with the objective of cracking down on auto insurance fraud in New Bedford and Fall River areas. The areas have come under special scrutiny since it was observed that the personal-injury claims […]
Auto insurance policy holders in Massachusetts are set to experience a drop in their premiums if the proposals put forward by the attorney general and the state Division of Insurance are passed by the state Commissioner of Insurance. Julianne Bowler will decide sometime in December if an 18.2 percent rate reduction in the average driver’s […]
– By Pushpa Sathish, Staff Writer
A survey on the performance of government-run auto insurance programs across the United States of America, the United Kingdom, and 10 provinces in Canada, returned two diverse results. While the Fraser Institute says that programs in British Columbia (B.C.), Saskatchewan, and Manitoba were the worst according to cost, affordability, fair […]
