auto insurance News

Another Auto Insurance Report for California

Another player has entered the ranks of organizations that deliver a report relating to auto insurance in California every year. The “2014 California Car Insurance Landscape Report” released on Tuesday is the first of many regular reports to come from …

Maine Insurance Bureau Announces New Online Auto, Homeowners Resources

Maine Governor Paul R. LePage and Insurance Superintendent Eric Cioppa recently announced that the Bureau of Insurance now offers new online resources for consumers who want to compare auto and homeowners insurance policies. Regulators said downloadable copies of policy forms …

R.I. Regulators: Insurers Must Pay ‘Fair Market Value’ for Total Loss Vehicles

Rhode Island’s Department of Business Regulation, Insurance Division, issued a bulletin Monday stating that pursuant to the state law, auto insurers must pay the “fair market value” for a vehicle that is declared a total loss. R.I. Gen. Laws § …

TNCs, Insurers Square off at California Hearing

Update: California Commissioner Dave Jones made his initial recommendations on insurance issues and transportation network companies. Update: Excess and surplus carrier James River Insurance Co. said it’s not leaving the business despite reports from some TNCs at a public hearing last week …

Seattle To Regulate Rideshare Companies

See related story: Uber Announces New Policy to Cover Gap The Seattle City Council passed a measure Monday that puts some regulations on rideshare companies that use smartphone apps to connect passengers with rides from drivers using their personal cars. …

Prices for Ohio Auto, Home Insurance Below U.S. Average

An Ohio insurance industry trade association says homeowner and auto insurance costs for most Ohioans remain below the U.S. average. The Ohio Insurance Institute released a report saying Ohio has the sixth lowest average homeowners premium and the 10th lowest …

Car-Sharing Service RelayRides to Pay $200K Penalty to New York DFS

New York State’s Department of Financial Services (DFS) announced its investigation has found that the car-sharing service RelayRides put New Yorkers at risk through false advertising, unlicensed insurance activity, and other violations. Officials said RelayRides will pay a $200,000 penalty …

Connecticut Bill to Require Study of Road Treatments

Connecticut Transportation Commissioner James Redeker said on Feb.28 he’s willing to review whether it makes sense to add rust inhibitors to chemical road treatments used to clear ice and snow on state roads and highways, as his agency faces complaints …

Nevada Insurance Fraud Trial Begins For County Analyst

Trial has begun in federal court in Las Vegas for a 49-year-old senior Clark County human resources analyst accused of conspiring with a dead former judge to steal $824,000 from an auto insurance company. The Las Vegas Review-Journal reported that …

Consumer Watchdog in California Barks at Farmers

Consumer Watchdog has petitioned Insurance Commissioner Dave Jones a public hearing on the new program private passenger auto filings of Farmers Specialty Insurance Co. The Consumer Watchdog petition seeks to compel Farmers and its affiliates to comply with Proposition 103′s …