Latest Insurance News

The World: Insurance Costs Drop

The typical motorist saw the cost of car insurance fall slightly in the first months of this year after a record high recorded at the end of 2006, figures have revealed. The AA Insurance Premium Index showed the average quoted premium for an annual comprehensive car insurance policy in the first quarter of 2007 was pounds 802, just pounds 4 less than the all- time high. (c) 2007 Evening Mail; Birmingham (UK). Provided by ProQuest Information and Learning. All rights Reserved.

Tanous Leaves Buffalo Law Firm for Position With Erie Insurance

By Jonathan D. Epstein Erie Insurance Group on Tuesday named the chairman of Buffalo law firm Jaeckle Fleischmann & Mugel LLP as its new general counsel. James J. Tanous will become executive vice president and corporate secretary of the Erie, Pa.-based insurer, in addition to its chief lawyer. He succeeds Jan R. Van Gorder, who retired on Dec. 31 but has remained with the company in an acting capacity, and will stay on through the end of April to smooth the transition. Tanous, who will...

Supermarket Sweep ; (1)Moneymail(2)How Can You Get the Best Value Insurance? From Your Car to Your Pets, We Compare Policies From the Big Four Supermarkets

By ROSANNA SPERO SUPERMARKETS have been selling insurance and loans alongside sausages and beans for the past decade. They promised to revolutionise the way insurance was sold by offering simple, cheap products. So have they kept their promises and can you find cheaper elsewhere? Here ROSANNA SPERO trawls the aisles for the best deals. OUR 'FAMILY' IN ORDER to compare deals from the four biggest supermarkets, we devised the Money Mail model family - a father aged 44, his wife, 41, and t...

RECORD Money: THE Typical Motorist

THE typical motorist saw the cost of car insurance fall in the first months of this year - after a record high at the end of 2006. The AA Insurance Premium Index showed the average quoted premium for an annual comprehensive policy in the first quarter of2007 was pounds 802. It follows a 4.35 per cent hike in the last quarter of 2006, which saw premiums reach nearly pounds 806 per year. (c) 2007 Daily Record; Glasgow (UK). Provided by ProQuest Information and Learning. All rights Reserved.

Calais Hospital to Offer 55 Alive Drivers Course

CALAIS - Calais Regional Hospital will offer 55 Alive, a refresher course for drivers age 50 or older, 8 a.m.-noon Thursday, May 3, and Friday May 4. The program was developed by the American Association of Retired Persons. It covers age-related physical changes, rules of the road, license renewal requirements and other issues. Participants must attend both sessions to receive a certificate of completion. Participants may be eligible for a discount on auto insurance. The course fee is $...

Maryland Appellate Court Upholds Exclusion to Business Auto Insurance Policy

By Cynthia Dipasquale A business-auto insurance policy's exclusion for vehicles owned by the insured's employees was not ambiguous or prohibited by law, the Court of Special Appeals has held. The decision is a win for Continental Casualty Co., which had been ordered to pay $140,000 under its policy insuring Jani-King International Inc., for any vehicles it owned, hired or had borrowed. Despite that broad insuring clause, the appellate court held that the policy clearly excluded employee...

EDITORIAL: When Bias Results, Review the Input: OUR OPINION: CHALLENGE INSURERS' USE OF JOBS, EDUCATION FOR RATES

By The Miami Herald Apr. 9--If a mechanic and a lawyer are the same age, have similar driving records and drive the same kind of car, they should pay roughly the same amount for auto insurance, right? Not necessarily. A report by the Florida Office of Insurance Regulation says that some auto insurers use education and occupation as factors for determining rates, and that the result can be wildly different premiums for people with similar driving experiences. (Read the report at transcriptv1...

Driving Us All to Distraction

By Kathleen Hopkins, Asbury Park Press, N.J. Apr. 3--Billboards scream out savings to passing vehicles. Mailings beckon motorists to switch. Even New Jersey's most selective auto insurer is asking policyholders to beware of talking reptiles offering better rates. What is going on? Just five years ago, auto insurers were fleeing New Jersey, and even some of the best drivers had a hard time getting policies. Now insurance companies are actively courting New Jersey motorists in lively ...

Lowell Man Heading to Prison for Role in Auto-Insurance Scam

By Lisa Redmond, The Sun, Lowell, Mass. Apr. 6--CAMBRIDGE -- A 22-year-old Lowell man will spend a year behind bars before paying $1,200 in restitution for his part in an auto-insurance fraud scheme. Joseph Hamilton pleaded guilty in Middlesex Superior Court yesterday to two counts each of insurance fraud and larceny over $250, and one count of operating to endanger. Prosecutors allege that on three separate dates in April and May of 2004, Eric Bonnette of Worcester, who was allegedly w...

Insurance Won't Pay for Damage If SUV of Mayor Was Stolen

By Matthew Spina Janelle Tryjankowski's 14-year-old Ford Ranger is damaged but operable. Lainey Pate's 1999 Nissan Sentra was totaled. Neither will see a dime from Mayor Byron W. Brown's insurance company if Allstate investigators determine that, indeed, a thief, and not a member of the mayor's family, drove the mayor's Chevrolet sport utility vehicle into their parked vehicles. The two Canisius College students would be on their own with their own auto insurers -- a tough break for Try...