Latest Insurance News

Auto Insurance Reforms Set to Equalize Rates Face a Deadline

By Evangeline Mitchell STARTING IN JULY, whether your car is parked in a high-crime neighborhood of East Oakland, a tony enclave of Walnut Creek or a rural Central Valley town isn't going to matter when it comes to how much you pay for automobile insurance. You may have already been impacted by the changes under the long- delayed rollout of Proposition 103, which requires insurers to give more weight to your driving record than your ZIP code. But then again there's a very good chance yo...

Allstate Takes a Dive MOVERS MARKETPLACE By Bloomberg: Allstate Takes a Dive

By Erik Holm Allstate, the largest publicly traded home and auto insurer in the United States, fell in New York trading Thursday after it said that profit fell 16 percent on declining revenue from residential property insurance. Allstate lost $2.65, or 4.6 percent, to $54.92 in afternoon trading, and has lost about 15 percent this year. Profit excluding investments fell 25 percent to $893 million Originally published by Bloomberg News. (c) 2007 International Herald Tribune. Provided by ...

Lawmakers Oppose Patrick's Auto Insurance Plan

By KEN MAGUIRE; Associated Press They say the new regulations leave loopholes that could lead to higher rates for minorities and the poor. * * * BOSTON - Lawmakers representing urban drivers are challenging the Patrick administration's auto insurance plan, saying new regulations leave loopholes for companies to charge higher rates to minorities and the poor. They are filing a bill that would significantly change the administration's final set of rules that were created to open the sta...

IRISH DAILY Mirror COMMENT: Show Death Trap Cars the Red Light Now

THE Government has no option but to act to take death-trap cars off our roads. Shock figures revealed in the Dail yesterday show there were 1,700 accidents last year involving uninsured cars from Eastern Europe. Workers from these countries are welcome to come and work here. But many of these drivers are only insured in their home country, which does not cover them in Ireland. Driving without insurance is a serious crime that costs law- abiding motorists millions of euro each year. ...

Research Shows Women-Only Insurers Charge More

Research from MoneyExpert.com suggests that women can do better by sticking to general insurers to cover their cars. The independent personal finance comparison site has found that the cost of the top four annual insurance quotes from women-only insurers was GBP72 more than those of other general insurers based on a standard policy. MoneyExpert.com said that it has searched the market for a number of cars, varying the factors that insurers use to determine the price of the policy and found ...

Wasting Our Tax Dollars

Like the tip of the proverbial iceberg, a "snapshot" audit of the state purchasing card program has revealed widespread misuse and fraud. Designed to make the Georgia government's "small-dollar," $5,000- limit purchasing more efficient - thus reducing administrative costs - the 10-year-old credit card program, developed by the Department of Administrative Services and the Bank of America, serves 129 agencies. Seven were audited. In the most severe cases, four state employees were found ...

Make Sure Name Matcheson All Forms of Identification

What's your "real" name, and how does it appear on all your identification? There's a new federal law known as "Real ID," and it could stand for "real ID trouble" unless you are prepared. The first thing to do is check your Social Security Card and then check your driver's license. The names on each should (read: better) match. Try catching an airplane through three checkpoints of Transportation Security Administration workers if there's a difference between what's on your driver's licens...

Programs Let Parents Check Teens' Driving Behavior

By DAVE CARPENTER CHICAGO -- When 17-year-old Anna Kindermantakes a turn too fast in her parents' sedan or jams the brakestoo hard, she apologizes aloudeven when no one else is inthe car. "Sorry, Dad," shesays, looking up at the cameraon the rearview mirror. Mom and Dad will see theincident on video soonenough, after all. Several U.S. auto insurershave begun offering in-carcameras or global positioningequipment to help parentsmonitor their teenagers' driving behavior, hoping to reduceth...

N.C.'s Auto Insurance Rates Rank Low

By David Ranii, The News & Observer, Raleigh, N.C. Oct. 18--Auto insurance rates in North Carolina rank sixth-lowest among all states, one rung down from fifth-lowest previously, according to the latest nationwide data. Or not. By another measure, the rates paid by North Carolina motorists rank eighth-lowest, according to the state Insurance Department. Either way, the department is pleased with the ranking because the other states ranked among the 10 lowest in auto rates are less den...

High School Students Get Firsthand Look at Ohio Supreme Court in Action ; Justices Held Surprises As Students Listened in on Oral Arguments in a Case

By Ben Sutherly Staff Writer GREENVILLE -- More than 200 students watched their seven Ohio Supreme Court justices hear oral arguments in four cases and occasionally spar with attorneys Wednesday at the Darke County Courthouse. The county is the 54th of Ohio's 88 counties to host the Supreme Court's Off-Site Court program since its inception in 1987. The program is meant to educate high school students about the judiciary. Darke County attorneys met with high school students from Greenvi...