Insurance News & Info

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

The perks of usage based insurance policies for vehicles can go beyond just availing the insurance at the best prices. These policies can also help in curtailing fraud and inform policy holders about fuel consumption, CO2 emission, and other aspects that reduce the driving costs, says a recent Celent report. The recent Celent report titled [...]

XL Group’s insurance segment has added excess auto coverage to its excess and surplus product offerings. The company has hired Michael Gramm to manage the new product line. He will join the company as vice president – excess auto and … View full post on Insurance Journal » News

Five Star Specialty Programs has announced a new market for the business auto program, which will provide additional coverage for more classes, including wholesale distributors, retail locations and various contractors. The company, which is a division of Crump Insurance Services, … View full post on Insurance Journal » News

TransUnion’s Index for Auto Insurance Risk showed a marginal increase of about 0.03% by the end of September 2011. After having experienced a series of declines in the last four quarters, the index registered at 98.85, which is 3 basis points more than the second quarter of 2011, and thirty one basis points lesser than [...]

Auto insurance companies have once again came into limelight, basically for fighting the duping acts of clients in the case of being charged for high premiums for their policies. Such scams hitting across the US has made the auto insurance companies to look into the matter with great concern. To overcome these instances, authorities are [...]

With the decline in the US economy, the Asian markets have witnessed a steep decline in their auto share price as well. The sales of automobiles failed to recover, subsequently slowing down the speed of accelerating fiscal growth. The situation has driven analysts to estimate inferior rates for light-vehicle delivery for the current and next [...]

The air quality regulation according to Auto news section of California has asserted new rules on Wednesday claiming to reduce the amount of green house gases and harmful gases from emissions by vehicles. They have proposed to bring in 1.4 million electric and hydrogen cars on the roads in the state of California by the [...]

A Maryland court ruled last week that the state’s largest premium financing companies were engaged in illegal financing practices against auto insurance policyholders. In Maryland, most auto insurance policyholders can set up interest-free installment payment plans for their premiums through … View full post on Insurance Journal » News

State Auto Financial Corp. has received regulatory approval for proposed changes to the intercompany reinsurance pooling agreement for the State Auto Group, the company reports. With all necessary regulatory approvals from various departments of insurance having been secured, the pooling … View full post on Insurance Journal » News