Latest Insurance News

Prepare for Life Without No-Fault Insurance, CFO Sink Warns

By Linda Kleindienst, South Florida Sun-Sentinel Aug. 13--TALLAHASSEE -- Florida's chief financial officer wants car owners to begin preparing for life without no-fault insurance. Unless re-enacted by the state Legislature, Florida's no-fault law will expire on Oct. 1. And legislative leaders have voiced doubts they can reach an agreement before then on how to keep it going. In that event, CFO Alex Sink on Monday urged car owners and drivers to make sure they have enough insurance to co...

CFO: Get Proper Car Coverage: Florida Drivers Must Prepare for Losing No-Fault Insurance

By Linda Kleindienst, South Florida Sun-Sentinel Aug. 14--TALLAHASSEE Florida's chief financial officer wants automobile owners to begin preparing for life without no-fault insurance. Unless re-enacted by the state Legislature, Florida's no-fault law will expire on Oct. 1. And legislative leaders have voiced doubts they can reach an agreement before then on how to extend it. In that event, Alex Sink, the state's CFO, on Monday urged drivers to make sure they have enough insurance to cov...

No Fault... Or Your Fault?

By Fluegge, Kyle When I relocated from Missouri to Michigan as an undergraduate, the enigma of auto insurance had me scratching my head; indeed, the two states differed almost as much as night and day. But surprisingly many residents of Michigan do not even know about their states mandatory no-fault policy or its impact on their premiums, even though these policies have been in existence for more than thirty years. Although Michigan remains a part of a shrinking field of no-fault states (Ha...

2007 ERNST & YOUNG ENTREPRENEUR OF THE YEAR(R): Dave Roush, Insuring Success

By McClellan, Matt Dave Roush Founder & CEO Insurance.com Dave Roush, founder and CEO of Insurance.com, has a simple goal in mind. "We want to nail it," he says. While the strategy around "nailing it" is complex, the goal is simple - save people time and money on auto insurance. Roush originally developed the concept behind Insurance.com on a napkin. The idea came about in response to frustration over the lack of options for purchasing insurance online in the late 1990s. The o...

News & Notes

TUCSON Carrier relocates local service center North Carolina-based carrier Old Dominion Freight Line Inc. announced Monday the relocation and expansion of its local service center. The new center, which opened Saturday, is on a four-acre site at 3631 E. Farnum Place. Tucson is one of 188 service centers operated by Old Dominion nationwide. The 29-door facility will be managed by Doug Spicer. ARIZONA Auto insurers' rates up in 2nd quarter Two of the biggest personal auto insurers in ...

Put Driving Safety Ahead of Style

FASHION-conscious women could be putting other Birmingham motorists at risk by wearing unsuitable sunglasses, a survey revealed. The report, compiled by car insurance company Sheilas' Wheels, found that less than one in five female drivers in the West Midlands chose a pair of sunglasses specifically for driving. Three fifths say they opt for style over safety when buying summer shades - basing their choice on appearance rather than practicality. The report claims many of the current tre...

Plugs & POINTS ; in Association With Fish4

HYUNDAI has slashed the prices of its Sonata range by more than pounds 3,000. The company says that the price cuts are intended to stimulate interest during the quiet summer period and prices will go back up again in October. The cost of the least expensive 2.0-litre CDX model falls from just over pounds 17,000 to just under pounds 14,000 and the automatic version gets a similar reduction from pounds 18,000 to pounds 15,000. Turbodiesel prices tumble from pounds 18,000 for the manual to pound...

Porsche Pull, Anyone?: State Ranks 2nd In Undeserved Farm Discounts On Car Insurance

By Diane Levick, The Hartford Courant, Conn. Aug. 10--Connecticut farmlands may be disappearing, but farm discounts on auto insurance are popping up in the strangest places -- in congested cities and on fancy sports cars. The state ranks second highest in the nation for undeserved "farm use" discounts on premiums for private passenger vehicles in what is often -- but not always -- a scam by consumers, researchers said Friday. The discounts, which typically range from 10 percent to 20 pe...

Insurance Fees Under Review: Driving Infractions Lead to Surcharges

By Pat Stith, The News & Observer, Raleigh, N.C. Aug. 9--The state Senate will study insurance surcharges levied on drivers convicted of speeding and other traffic offenses and submit a report when the General Assembly reconvenes in May, Senate Majority Leader Tony Rand said Wednesday. The study, part of an overall review of auto insurance rates in North Carolina, might begin next month. "It's obvious we've got a ... mess, and we need to do something about it," said Rand, a Fayetteville...

Harassed Chefs 'Top Drive Risk'

TO avoid the worst drivers in Britain, steer clear of north west England - and head right to Scotland. For motorists in most danger of accidents are likely to be a male chef at the wheel of a Lexus living in Oldham and a female hairdresser from Manchester with a BMW, a survey has found. The next riskiest towns are Blackburn and Bolton, say car insurers Diamond. But its look at occupations, cars and locations also found Scots are least likely to make claims . Safest are a policeman dri...