Report: Auto Insurance Companies May Begin Using Social Data in Pricing Formulas

Wahington ( A new report from research firm Celent that says car insurers may soon be using data from social networking sites to help underwrite and rate policyholders highlights the concerns surrounding the use of certain types of data to help assess risk, according to Online Auto Insurance (OAI). More people of all ages are […]

Court Rules Allstate Does Not Have to Pay Auto Insurance Claim

Orlando, FL ( A Florida court has decided that Allstate Insurance does not have to pay the medical bills of a carjacking victim who was beaten up and stuffed in his own trunk, according to Online Auto Insurance News. The case is an extreme example of the importance of knowing just what certain coverage types […]

Washington Auto Insurance Regulators Fine Coverage Providers

Washington ( Insurance Commissioner Mike Kreidler announced this week that he has fined companies that provide Washington auto insurance, homeowner policies and other coverage nearly $1 million so far this year for violating state laws. Violations included charging unapproved rates, improperly advertising and failing to offer health care coverage to children. Kreidler urged Washingtonians who […]

Report: Missouri Auto Insurance Cos. Pay Over $54M in Joplin Tornado Claims

The Missouri Department of Insurance announced Tuesday that insurers have paid about $1.1 billion in claims for damages stemming from a tornado that tore through the state in May. Coverage providers have made good on a total of nearly 17,000 claims filed under homeowners, commercial property and Missouri car insurance policies. The tornado that struck […]

Georgia Auto Insurance Regulators Release Storm Damage Estimates

Atlanta, GA ( Georgia Insurance Commissioner Ralph Hudgens has announced that residents of that state have so far filed more than 3,600 claims with coverage providers for damages related to Tropical Storm Lee. Damage claims on homeowner, Georgia auto insurance and other policies as of Sept. 8 totaled about $15 million, according to Hudgens’ department. […]

Average Auto Insurance Prices Saw No Change between June and July

Washington, DC ( The average cost of a car insurance policy in the United States remained stagnant between June and July, according to the Bureau of Labor Statistics (BLS). The BLS indicated in its latest report on consumer prices that the cost of all items rose by a mere one-tenth of 1 percent between the […]

Frequent Theft of Escalades Leads to High Auto Insurance Claims Rate

Greenville, NC ( A new report from the Highway Loss Data Institute (HLDI) indicates that the Escalade has retained its top spot as the 2008–2010 model with the highest rate of vehicle-theft claims in the United States. Insurance claims analyzed for the study include those related to the stealing of vehicle parts, vehicle contents and […]

Missouri Auto Insurance Regulators Update Storm-Claim Data

Kansas City, Missouri ( Missouri residents have pocketed nearly $750 million from insurance claims filed in the wake of the tornado that tore through the city of Joplin in May, state regulators have announced. John M. Huff, director of the state Department of Insurance, urged consumers to contact his office with health, life or car […]

Auto Insurance Survey: Public Supports Teen Licensing Legislation

Washington, DC ( A majority of Americans think teenagers are lousy drivers and support federal efforts to standardize state programs that delay full licensure of teen motorists, according to a new survey from Allstate Insurance. Auto accidents are the leading killer of teens in the U.S., statistics from the Centers for Disease Control and Prevention […]

Another Major Auto Insurance Provider Launches Usage-Based Discount Program

Atlanta, GA ( State Farm has unveiled a new device that will provide policyholders with a range of safety features and plug them into savings through the company’s discount auto insurance program for low-mileage drivers. The new In-Drive service works via “an easy-to-install device that works in most vehicles made after 1995,” according to the […]