Automotive Service Association Meets with U.S. Treasury Officials to Discuss Future of Federal Insurance Office
Attendees were able to provide FIO senior officials with first-hand insight into the relationships between collision repair shops, consumers and insurance companies.
Mileage, Location Key Factors in Determining Auto Insurance Rates
A study commissioned by insuranceQuotes.com found that your state of residency is a significant factor in setting your auto insurance premiums.
Florida Senator Proposes to Repeal State’s No-Fault Auto Insurance Law
“While well-intentioned anecdotally, Florida’s motor vehicle no-fault law has resulted in widespread fraud, abuse and a complex litigation process,” Florida Sen. Tom Lee said.
Insurance Auto Auctions Expands in Indiana, Kansas, Utah, Minnesota, Virginia, Alabama
The company is adding more than 50 acres of land “in strategic markets where customer demand is rapidly increasing and projected to continue.”
Insurance-Fraud Ringleader Sentenced to 10 Years in Prison for Staging Wrecks, Filing ‘Paper Collisions’
A judge recently sentenced 30-year-old Michael Young of Sacramento, Calif., to more than 10 years in state prison for leading a fraud scheme that bilked insurers out of an estimated $500,000.
California to Launch Probe into Wells Fargo’s Auto Insurance Practices
California Insurance Commissioner Dave Jones has ordered the California Department of Insurance to launch an investigation into Wells Fargo and National General Insurance, after Wells Fargo acknowledged that it forced auto insurance on thousands of its car-loan customers.
Insurance Auto Auctions Adds 500 Acres in Advance of Severe-Weather Season
Insurance Auto Auctions announced it has secured 22 additional sites in 10 states to prepare for severe-weather season and potential catastrophic events.
Wells Fargo Plans to Compensate Car-Loan Customers Who Received Unwanted Auto Insurance
Citing an internal Wells Fargo report, the New York Times said the unneeded collision insurance pushed approximately 274,000 Wells Fargo customers into delinquency and led to nearly 25,000 wrongful repossessions.
Nationwide Promotes Safe Driving Through Usage-Based Insurance Program
By downloading the SmartRide mobile app or requesting a SmartRide telematics device, drivers can save up to 40 percent on their insurance premiums while receiving personalized feedback to help them make safer driver decisions, according to the insurer.
Most Expensive State for Car Insurance: Michigan
Michigan’s average annual premium is $2,394, which is 82 percent higher than the national average of $1,076, according to an analysis by Insure.com.
