Insurance News

Posts Tagged ‘auto

A new bill has passed the Oklahoma House that could result in fewer cars on the road. The bill permits any vehicle to be towed away immediately if it appears as uninsured with the new instant auto insurance verification system. In response to voters? requests state Representative, Steve Martin, passed the bill in an attempt to take uninsured motorists off the road.

The Oklahoma Department of Public Safety has put instant auto insurance Read the rest of this entry »

OKLAHOMA CITY (Auto Insurance News) — Oklahomans can use a new Web site to check if their insurance company has verified their auto policy with the state, public safety officials announced Tuesday.

The Oklahoma Tax Commission and tag agents use the state’s verification system to check on motorists auto insurance policy when they buy or renew tags. Law enforcement agencies also use the system to look up insurance policy for traffic stops Read the rest of this entry »

The tough economy has led to a decrease in the number of vehicles rated total losses after a crash, according to a provider of collision data processing systems used by insurers and body shops.

That finding was one of many in the latest Industry Trends Report produced by San Diego-based Mitchell International.

Mitchell also noted a reduction in crash damage appraisal values, collision losses and third-party property damage. At the Read the rest of this entry »

SAN FRANCISCO — Key insurance regulators said yesterday that they will not require the industry to offer auto policies that reduce emissions by rewarding motorists who drive less.

They also shied away from a new plan to make those policies, often called pay-as-you-drive, standardized across the nation, similar to other environmental movements like Energy Star appliance standards and the green building code called LEED, or Leadership in Read the rest of this entry »

RALEIGH, N.C. ? Some North Carolina drivers will share in $50 million worth of refunds under an agreement announced Wednesday that will roll back private auto insurance rates to 2006 levels and freeze them for two years.

State Insurance Commissioner Wayne Goodwin said some drivers will be receiving refund checks in the middle of next year. Rate changes go into effect Nov. 1 and are retroactive to Jan. 1 for a total savings of $545 million.

Read the rest of this entry »

More than a year into the Gov. Deval Patrick administration’s managed competition automobile insurance reform initiative, the state’s largest industry trade association is pointing to important positive indicators.

“By at least three indisputable metrics we can say that managed competition is working,” said James T. Harrington, Massachusetts Insurance Federation’s executive director. “The number of companies writing auto insurance Read the rest of this entry »

LOS ANGELES, March 17 /PRNewswire/ — It’s with good reason that many government issued guides recommend that consumers compare quotes from multiple automobile insurers to find affordable coverage. A multiple-rate comparison increases the chances of finding cheaper insurance premiums because rates are based on driver and vehicle factors which are unique to each premium quotation. Even factors such as where one lives and coverage desired has an Read the rest of this entry »

LOS ANGELES, March 17 /PRNewswire/ — It’s with good reason that many government issued guides recommend that consumers compare quotes from multiple automobile insurers to find affordable coverage. A multiple-rate comparison increases the chances of finding cheaper insurance premiums because rates are based on driver and vehicle factors which are unique to each premium quotation. Even factors such as where one lives and coverage desired has an Read the rest of this entry »

LOS ANGELES, March 17 /PRNewswire/ — It’s with good reason that many government issued guides recommend that consumers compare quotes from multiple automobile insurers to find affordable coverage. A multiple-rate comparison increases the chances of finding cheaper insurance premiums because rates are based on driver and vehicle factors which are unique to each premium quotation. Even factors such as where one lives and coverage desired has an Read the rest of this entry »

LOS ANGELES, March 17 /PRNewswire/ — It’s with good reason that many government issued guides recommend that consumers compare quotes from multiple automobile insurers to find affordable coverage. A multiple-rate comparison increases the chances of finding cheaper insurance premiums because rates are based on driver and vehicle factors which are unique to each premium quotation. Even factors such as where one lives and coverage desired has an Read the rest of this entry »