auto liability News

Arizona Senate Votes to Raise Minimum Auto Liability Insurance

The Arizona Senate approved a bill to raise the minimum amount of liability coverage drivers are required to carry on auto insurance policies, a proposal backers say is needed to protect accident victims from loss. The bill by Sen. Kate …

Zurich Insurance Q3 Profit Falls 79% on Losses from Tianjin Port Explosions

Zurich Insurance Group AG said profit fell 79 percent in the third quarter after it booked $275 million in losses from the Tianjin disaster and set aside $367 million more in reserves to cover mainly North American auto and construction …

A.M. Best Affirms Zurich Insurance Ratings; Outlook Negative on Expected Losses

A.M. Besthas affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” while at the same time revising the outlook to negative from stable forZurich Insurance Company Limited(ZIC) and some of its rated affiliates. ZIC …

California Surplus Lines up Considerably in 2014, Report Shows

Premiums for California wholesalers rose considerably in 2014 from a year earlier, showing that segment of the industry outperformed the rest of the state’s economy, according to a report from the Surplus Lines Association of California. For 2014 there was …

N.J. Survey: Over 60% of Young Drivers Say They’ve Texted While Driving

New Jersey auto insurance group Plymouth Rock Assurance released the results of a distracted driving study that found 61 percent of young drivers surveyed in New Jersey acknowledged having sent text messages while driving. The survey also found 73 percent …

Driver’s Insurance Could Cover Virginia Parade Injuries

Damascus, Va., Mayor Jack McCrady says he expects the insurer of a man whose car hit dozens of hikers during a parade to cover the victims’ medical costs. McCrady says Deward Blevins’ family has turned over information necessary for the …

Founders Insurance Offers Renter’s Endorsement in Illinois

Founders Insurance Co. of Des Plaines, Ill. has launched a property and liability endorsement for its personal automobile policies in the state. The company started offering the optional renter’s coverage at the start of the year. It insures the garaging …

EPIC Expands Coverage for Pizza Delivery Operators

EPIC Programs Group has expanded the coverages available for their newest program for pizza restaurants and delivery operators. The program now includes customized commercial excess liability coverage designed for pizza delivery operators. EPIC’s program, referred to as SLICE (safety, loss …

IIABNY Advises Motorists: Don’t Skimp On Auto Liability Insurance

The Independent Insurance Agents & Brokers of New York is advising motor vehicle owners not to skimp when they buy auto liability insurance. Auto liability insurance pays for amounts the insured person owes as damages for bodily injuries and property …

Low-Cost Auto Insurance Program Promoted at Calif. Colleges

Representatives from California’s Department of Insurance and notebook computer maker ASUS Computer International have been visiting community colleges to introduce students to the state’s California Low Cost Automobile Insurance Program (CLCA). In today’s economy, all Californians – especially students – …