5.4%
The average decrease the Automobile Club of Southern California customers will receive for auto insurance policies beginning on April 1, 2009. The company announced it would be implementing a $101 million rate reduction for insurance policyholders in California. The Auto Club insures more than 2 million California vehicles, according to the California Department of Insurance. Under the newly approved reduced rates, Auto Club auto policyholders will save about $100 per policy per year — a total of $101 million.
9.9 Million
The number of identity theft cases in 2008, according to a study released by Javelin Strategy & Research. The good news, however, was that the cost per incident — including unrecovered losses and legal fees — fell 31 percent to $496. One reason for the spike in cases, the report indicated, is likely the worsening economy. Just last month, 598,000 jobs were slashed across the country and unemployment jumped to 7.6 percent. (AP)
Topics California
Was this article valuable?
Here are more articles you may enjoy.
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen From This Issue
