Insurance News

Posts Tagged ‘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 Mutual Casualty Group and General Reinsurance Corp. He was named COO in 2008.

State Auto (NASDAQ:STFC) Read the rest of this entry »

Mercury Insurance, a top rated California automobile insurer, recently announced a planned $72 million premium lowering that could see at least 10% of California drivers qualify. Along with this price slash is other programs such as an announced group discount plan for university alumni and the addition of a 24-hour Roadside Assistance initiative for individuals with comprehensive and collision insurance.

?Mercury?s already Read the rest of this entry »

(Auto Insurance News) — It’s costing more to insure your car.

The median six-month auto insurance rate in Ohio increased about 5 percent in the past six months to $560 per household, according to a study released yesterday by InsWeb, an online insurance-comparison provider.

The median means half pay more and half pay less.

A household with the median annual income of $41,532 would pay about 2.7 percent of its income Read the rest of this entry »

Texas Insurance Commissioner Mike Geeslin has released a bulletin reminding auto insurance providers that it is against state law to “directly or indirectly limit the insurer’s coverage under a policy covering damage to a motor vehicle.”

Specifically, the Texas Insurance Code states that insurers may not specify “the brand, type, kind, age, vendor, supplier, or condition of parts or products that may be used to repair the vehicle;” or limit Read the rest of this entry »

SANTA MONICA, Calif. /PRNewswire-USNewswire/ — California lawmakers gave final approval Wednesday to legislation strengthening and extending the innovative “Low Cost Auto Insurance Program” that offers an affordable bare bones car insurance policy to low-income motorists with no taxpayer cost. Consumer advocates applauded lawmakers for passing AB 1597 (Jones) on a bipartisan basis and are urging Governor Schwarzenegger to sign the bill in order to Read the rest of this entry »

DALLAS, July 28 /PRNewswire/ — Just as some health insurance companies may assign higher premiums to groups of patients who have pre-existing conditions, auto insurance companies may also ask for higher rates from younger drivers, a demographic with one unavoidable but incredibly important pre-existing condition: inexperience. OnlineAutoInsurance.com recommends that young drivers and families thoroughly investigate options when trying to obtain Read the rest of this entry »

DALLAS, July 28 /PRNewswire/ — Just as some health insurance companies may assign higher premiums to groups of patients who have pre-existing conditions, auto insurance companies may also ask for higher rates from younger drivers, a demographic with one unavoidable but incredibly important pre-existing condition: inexperience. OnlineAutoInsurance.com recommends that young drivers and families thoroughly investigate options when trying to obtain Read the rest of this entry »