automobile insurance News

Georgia Regulators Order Liquidation of Georgia Mutual

A Georgia superior court judge has given regulators approval to liquidate a former automobile insurer. Cynthia Write, judge of the superior court of Fulton County, signed-off on an order in February that will allow regulators to liquidate Georgia Mutual Insurance, …

Poll: Most Mississippians Support Ban on Texting While Driving for All Motorists

A new survey released this month says most Mississippians support tightening the state’s law on texting while driving. Currently Mississippi prohibits texting while driving for those with a learner’s permit or an intermediate license, according to the state’s Department of …

Kentucky Bill Proposes Tougher Penalties for Vehicle Insurance Lapse

A Kentucky House panel says when it comes to letting your vehicle insurance lapse, one strike and you’re out. Currently, Kentucky law allows a driver’s insurance to lapse three times before the vehicle registration is revoked. But under a bill …

Tennessee: Use of Transportation Networks Could Lead to Auto Coverage Gaps

Tennessee regulators are warning automobile policyholders that participating in transportation network companies could lead to gaps in their coverage and leave them exposed to monetary damages from an accident. Transportation network companies have become increasingly popular across the country, especially …

Towers Watson Releases Analytical Scoring Model for Auto Insurers

Towers Watson, a global professional services company, has launched DriveAbility 2.0 Score, a new analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with location-specific factors in the risk model and a non-GPS …

Transportation Network Companies, Uber Gap Worries Insurers

The tragedy of a young girl who was killed on New Year’s Eve by a motorist on contract with a cellphone app-based ridesharing service has at least one insurance group speaking up even louder to drive home a point they’ve …

Mass. Division of Insurance Approves 2 New Entrants to State’s Auto Insurance Market

The Massachusetts Division of Insurance announced that Privilege Underwriters Reciprocal Exchange (PURE) and Esurance automobile insurance are now available for Massachusetts consumers. The Division of Insurance said that since Gov. Deval Patrick introduced managed competition in the auto insurance market …

DriveFactor, Admiral Group to Offer Usage-Based Insurance Throughout UK

DriveFactor has partnered with Admiral Group plc to expand usage-based insurance (UBI) offerings throughout the U.K. Through this partnership, DriveFactor will power a version of Admiral’s Bell Safe Driver policy, which offers discounted auto insurance to U.K.-based drivers who apply. …

R.I. Enacts Auto Body Repair Bill; Industry Group Expresses Disappointment

Rhode Island Gov. Lincoln Chafee recently signed into law a bill (HB 5263/SB 465) that would prevent insurers from declaring a vehicle a total loss if the vehicle can be restored to its pre-accident condition at a cost less than …

Rhode Island Plans Crackdown on Uninsured Drivers

Rhode Island officials are planning a crackdown on drivers whose vehicles aren’t insured. Lawmakers have sent a bill to Gov. Lincoln Chafee that would create a system of warnings and fines for uninsured motorists. The Providence Journal reports the proposal …