Insurance News & Info

The auto brawl has resurfaced gain, but Harvey Rosenfield and George Joseph insist that it is not personal. The rivalry dates back to 2009, when a billboard in Wilshire Boulevard in LA, declared that Mercury Insurance, founded by George Joseph – cannot be trusted. Harvey Rosenfield had written the 1988 initiative, which regulated auto insurance. [...]

A.M. Best has downgraded the financial ratings of Peachtree Casualty Insurance Co., citing the insurer’s poor underwriting results due in part to rising costs associated with Florida’s troubled no-fault automobile insurance market. A.M Best downgraded Peachtree Casualty Insurance Co.’s financial … View full post on Insurance Journal » News

A consumer group on Monday issued a study that shows ‘disparate treatment’ of low-to moderate-income families by auto insurers nationwide, and is asking state insurance commissioners to consider lowering minimum liability coverage requirements, and creating low-income purchase programs. A study … View full post on Insurance Journal » News

The ever increasing rates of auto insurance in the state of Florida have instigated the legislature in the state to come up with new moves to curtail this price rise. The legislature is considering making changes to the personal injury protection insurance which is one of the main reasons for the increase in insurance premiums. [...]

Foremost Insurance Group has introduced its enhanced auto program in Illinois, featuring more competitive rates, new discounts, increased coverage options and improved online processing. “The technological enhancements that come with this launch make the quoting and binding process even easier,” … View full post on Insurance Journal » News

As per the most recent data from the National Association of Insurance Commissioners, the average premiums rates for auto insurance policies in New Jersey has increased over the last few months. The insurance regulators in this state and also the other representatives of this industry place the blame on the increasing cost of availing the [...]

Insurance Commissioner Adam Hamm reports that North Dakotans are paying the second lowest auto insurance premiums in the nation. The ranking was indicated in the “Auto Insurance Database Report 2008/2009,” recently released by the National Association of Insurance Commissioners. North … View full post on Insurance Journal » News

The minimum amount of coverage for certain types of liability insurance would increase for Nebraska motorists, under a bill introduced in the state Legislature. State Sen. Paul Schumacher said the financial responsibility requirements for auto insurance need to be changed, … View full post on Insurance Journal » News

State investigators in Tallahassee are mulling over the possibility of filing criminal charges after unearthing violations in over ninety percent of clinics that have provided treatment to patients involved in accidents in Miami-Dade county. One of the reports filed by AHCA (Agency For Health Care Administration) unveiled the fact that these discrepancies were found during [...]

The Secretary of State has verified the 2012 Automobile Insurance Discount Act will qualify for the November ballot. The initiative had the 504,760 signatures required to place the initiative on a statewide ballot. The initiative is sponsored by the American … View full post on Insurance Journal » News