Geico is entering the auto insurance market in Massachusetts. State Insurance Commissioner Nonnie Burnes confirmed in a statement Friday that the nation’s third-largest auto insurer has filed to begin selling premiums in May.
(Alamogordo Daily News) – My basic liability auto insurance had only risen about 3 percent per year for the last five years. Suddenly, in late 2008, it shot up 48 percent. I have not had a ticket in more than 20 years and have never made a claim on this company. When I had my […]
The Arizona House Banking and Insurance Committee is evaluating a bill that would make changes to the state’s mandatory vehicle insurance requirements. According to bill text, in November 1997, Arizona began allowing citizens to use the Internet or telephone to renew their vehicle registrations. Additional services have since been added to include ordering special license […]
Cutting corners on auto insurance, or even dropping it, may seem like a tempting path for a cash-strapped consumer. However, the risks of doing so may be far more costly than an insurance premium. Besides, there are better ways to save on insurance. There is evidence that there are more uninsured drivers because of the […]
(BankingMyWay) – You’ve got to have auto insurance in order to drive your vehicle legally in the United States. For many people, though, the cost of insurance is a tough pill to swallow. However, comparison shopping and smart planning can help you save hundreds of dollars a year on your auto insurance premium. Comparison Shop […]
(Bloomberg) – American International Group Inc., the insurer selling units to repay a government loan, may pull its U.S. auto unit from the market after Zurich Financial Services AG withdrew an offer, two people familiar with the matter said. The auction of 21st Century Insurance, which AIG expected to generate about $2 billion, stalled after […]
Michigan motorists are the safest drivers in the nation, car crashes here are down 54 percent and auto thefts have dropped 46 percent since 1986. Yet, auto insurance companies are soaking Michiganders with the highest auto insurance rates in the U.S. These are insurance policies that the state’s no-fault insurance law requires drivers to buy. […]
A proposal in Wisconsin Gov Jim Doyle’s budget would increase mandatory auto insurance limits and drive up costs for many drivers as much as 40 percent, according to the insurance industry. The governor would raise the current liability limits of $25,000 for each person, $50,000 for each accident, and $10,000 for property damage per accident […]
American International Group is in advanced talks to sell its U.S. auto insurance unit to Swiss insurer Zurich Financial Services AG, a source familiar with the matter said Tuesday. The auto insurance business is expected to fetch around $2 billion, the source said.
(Arkansas Insurance Department) – Arkansas Insurance Commissioner Jay Bradford announced two convictions in separate instances of auto insurance fraud in his state. rlandis Moore pleaded guilty in Pulaski County Circuit Court to committing a fraudulent insurance act, a Class D felony. As the passenger in a vehicle involved in a car accident, Moore presented a […]