Latest Insurance News

State Site Gives Drivers Edge on Insurance

Guide offers rate comparisons, complaint ratios Automobile insurance prices can vary by thousands of dollars a year for identical Santa Fe drivers, a new guide shows.To make it easier for drivers to shop for car insurance, the state Public Regulation Commission has started posting cost and other information on its Web site.....We are unable to display this entire news item because this article's licensing expires after a certain amount of time. This article was originally published by The San...

Teen Drivers Can Wreck Insurance Premiums

Jan. 14--You've just gotten over that queasy feeling after giving the car keys to your newly minted teenage driver, then you get the punch to the gut: Your insurance bill arrives. On average, parents can expect their auto premiums to double when adding a teenage son to their policy and jump 50 percent or more when adding a teen daughter, according to the Insurance Information Institute. "Sixteen-year-olds are especially dangerous drivers," said insurance institute Vice President Carolyn Gorma...

High Court to Hear Consumer Credit Case

WASHINGTON - Lawyers for insurance companies and consumers want the Supreme Court to settle a dispute over notifying customers when their credit report is used against them.At issue in arguments to be presented to the court Tuesday are requirements in the Fair Credit Reporting Act holding businesses liable when they fail to inform customers of adverse decisions made because of credit reports.A decision a year ago by the 9th U.S. Circuit Court of Appeals in San Francisco would make it easier f...

AssuranceAmerica Corp. Writes First Louisiana Policy

By Anonymous AssuranceAmerica Corp., an Atlanta-based insurance holding company with operations in Georgia, Florida, South Carolina, Alabama and Texas, announced Dec. 29 that it wrote its first auto insurance policy in Louisiana. "We know it is wise to spread risks and enlarge opportunities in any business," said AssuranceAmerica President and CEO Lawrence "Bud" Stumbaugh. "Therefore, we diversify, but we do it geographically. Writing our first automobile coverage in Louisiana is a contin...

You Can Run, but Not Hide, From Ads

U.S. advertisers responding to changing media consumption habits are placing ads on takeout food cartons and even grocery products.Subway travelers see auto insurance ads on turnstiles, and Chinese food cartons promote airlines, The New York Times reports.The trend grew out of the collapse of traditional TV viewing and newspaper reading routines.....We are unable to display this entire news item because this article's licensing expires after a certain amount of time. This article was original...

Your Money: Pound Notes

By MELANIE WRIGHT GO ANNUAL & SAVE pounds MOST people could make big savings on insurance bills by paying for home cover annually instead of monthly (which usually costs extra) and upping the voluntary excess on car insurance, claims finacial website moneysupermarket.com IT'S IN THE BAG pounds ONE in five women in Britain have lost or had their handbag stolen, costing them on average pounds 300. Cornhill Direct says they would be covered if they had added personal possessions and mone...

Alliance and Leicester Moves into Car Insurance Market

UK financial services group Alliance and Leicester has entered the car insurance market with a pledge that it can beat the renewal quotes of other providers by at least GBP10.Alliance and Leicester claimed that, with its product, motorists would be able to save hundreds of pounds on insurance cover, or at least GBP10 on a renewal quote.Nathan Barber-Kebby, insurance manager at Alliance and Leicester, said: "By pledging to offer an unbeatable premium to those renewing their car insurance, we a...

New Post Office Firm to Sell Auto Insurance in Tokyo Area

Tokyo, Jan. 12 (Jiji Press)--The post office management company to be created in October with the start of the 10-year privatization process of state enterprise Japan Post plans to begin handling auto insurance at around 20 post offices in the Tokyo area. For the new operations, the company, one of four firms to be born out of Japan Post's breakup, will employ several hundred field underwriters with experience in writing Kampo postal insurance policies, officials of Japan Post Corp., a prep...

There's No Need to Turn the Clock Back to Save Money ; Thrifty Living

By Rosie Millard HOORAH AND triple hoorah. Two interesting things arrive in the post (NB Tip #456, get used to using snail mail, it is cheaper and more time-efficient than long phone calls). Firstly, a letter to say my parking ticket appeal worked! Thank you, gracious Islington Council, for seeing my point of view (Tip #457, always, always appeal if you think you have a tiny chance of getting away with it). The letter said I could send a response, so I did. Congratulating the council on its...

Service is Focus of AAA Plans: Auto Club Offers Its Own Insurance

Jan. 11--A wholly owned subsidiary of AAA Carolinas is offering deep annual-rate discounts to long-term members and a concierge service to persuade motorists to switch their auto insurance. But AAA Carolinas recently started The Member's Insurance Co. "because we saw a need for an insurance company that placed convenience and service first for its customers," Jim McCafferty, the president of the company, said yesterday. Membership with AAA Carolinas is not required to buy auto insurance from ...