Category Archives: insurance

Hoffa: Opioid Use Due to Broken System

Opioid drugs, including prescription painkillers and heroin, killed more than 33,000 people in the U.S. during 2015, a record. The epidemic is straining public services and state budgets. Continue reading

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Top Ten Future Collectible Cars in 2017 Production

Ten vehicles in production by automakers stand out as the likeliest to grow in value and appeal as collectible cars to enthusiasts, claims Haggerty. Continue reading

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Amica Auto Claims Adjust Converts to IBM MobileFirst for iOS

Amica is equipping170 adjusters with iPad Pro and iPhone 6 loaded with Claims Adjust, providing secure, immediate access to individual claims data anywhere in the field. Continue reading

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Web Aided Auto Insurance Shopping Grows

Compare.com, a comparison auto insurance website in the United States, has added Amica Mutual so it will be providing quotes in California and Texas starting this month. Continue reading

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California Only State Where Auto Insurance Rates Fell

Nevertheless, California auto insurance companies earn higher profits than the national average, and the market ranks fifth most competitive in the nation using the standard applied by the U.S. Department of Justice. Continue reading

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Aluminum Ford F-150 Top IIHS Safety Pick, but Criticized, not for the First Time on Repair Costs, which could be Premature

However, IIHS said the F-150 extended cab only turned in a good performance in four of five assessments. The problem is the small overlap front test just a marginal rating for occupant protection in a small overlap front crash. The results are the first ratings for large pickups in a group the Institute is evaluating this year. Continue reading

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Rising Auto Insurance Rates have People Shopping, but Not Necessarily Switching

Increases in Auto Insurance rates by an average of 2.1% nationwide in 2014, following an increase of 2.5% in 2013 have many customers shopping for a new insurer, but few are actually switching insurers. Continue reading

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Telematics Enable Usage Based Insurance and Privacy Risks

A Celant report on insurance developments also includes results of a survey on how receptive customers would be to real time feedback on their driving. How would you like to receive this message while driving: Your current driving style suggests that you have a one in three chance of having a fatal or very serious accident during the next year. Continue reading

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Honda heads list of Most Popular Stolen Vehicles

The Nissan Altima, Ford Fusion, F-Series pickup truck, Toyota Corolla, and Chevrolet Impala headed the list of the most oft stolen 2013 model-year vehicles. Continue reading

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Telematics are ‘Driving’ Growth in Usage Based Insurance

So called OBD-II based telematics – aka onboard diagnostics – are rudimentary and controversial but they have the potential to reshape the auto insurance market to reward good or infrequent low-risk drivers while charging other, more risk exposed users to higher fees Continue reading

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Consumers Will Commit Fraud for Cheaper Car Insurance

However, in the bold new world of snooping, two thirds (64%) of people are comfortable with a telematics type of product that would share information about the events leading to a traffic accident, in order to help determine which driver was at fault. Continue reading

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Waterlogged Flood Cars – Tide Rising as Titles Falsified

Buyer beware and nowhere does that apply more than used flood cars that have been damaged by water that causes insurmountable problems after the vehicle is returned – often illegally – to service. Nearly two-thirds of these flood damaged cars are on the road in ten states – Texas, New Jersey, Pennsylvania, Kentucky, Louisiana, Illinois, New York, Florida, Mississippi and Virginia. However, as the research shows, crooks are moving flood cars to any state where unfortunately unknowing consumers will buy them. Continue reading

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Top Ten Stolen Vehicles for 2011 Revealed by NCIB

The National Insurance Crime Bureau or NICB today released its list of the 10 stolen vehicles in the United States. The top spots were evenly split in 2011 with five occupied by offshore brands and five by U.S. automakers. The most popular stolen vehicles among the Detroit Three bands were Ford, Dodge and Chevrolet pickup trucks each holding one spot with Dodge Caravan and Ford Explorer rounding out the domestic models. Continue reading

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GM Pension Buyout Financial Engineering or Coup?

General Motors announced that it would offer lump-sum buyouts to 42,000 retired salaried employees while 76,000 others would have their pensions transferred to The Prudential Insurance Company of America, which would take over the GM white-collar plan. Continue reading

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Ford, State Farm Offer Auto Insurance Based on Miles Driven

Ford Motor Company and State Farm Insurance have announced that drivers who allow their Sync equipped vehicle to report actual in use mileage could have their auto insurance premiums reduced by as much as 40%. Continue reading

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