Posted by Jose Lopez on Jan 31, 2011 | No Comments
According to a research by AXA, the UK young drivers are less likely to get involved in any accident or collision than their European counterparts. The young British motorists make less insurance claims than the young drivers in Spain or France. The British motorists less than 25 years are 30% less likely to be involved in any collision or accident than the drivers in France and Spain are.
Even the German young drivers indulge 25% more in accidents than the British young drivers. The speed limit of the young British drivers is less likely to exceed on the motorway.
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Tags: European, European Counterparts, Young Drivers
Posted by Lindsey Rodriguez on Jan 31, 2011 | No Comments
State Farm one of the leading insurance companies has made moving a lot of fun. The first iPad application has been launched by the insurance company called MoveTools which is a free tool that helps people in planning and functions as a household assistant of inventories. Now, with one click of the finger, it is possible to build an entire to-do list and manage inventories and other stuff. In fact, customers can drag and drop items like blender and lamp into a box and print out labels for all the boxes, so that on the moving day you can find it a lot easier to manage your inventory.
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Tags: Farm, State Farm
Posted by Kevin Lewis on Jan 27, 2011 | No Comments
SALEM, Ore. — Thousands of Oregonians are enjoying lower insurance premiums as a result of a year-old credit scoring law, according to a recent survey by the Department of Consumer and Business Services Insurance Division.
The law allows consumers to ask their insurer to re-price or “rerate” their auto or homeowner policy once a year if the insurer used the consumer’s credit history to price the policy when it was originally issued. Insurers must lower the price if the consumer qualifies for a better rate based on their credit history; insurance companies cannot raise premiums as a result of the rerating.
The survey of key auto and homeowner insurers showed that discounts were given in more than 8,000 instances since the law took effect Jan. Full post…
Tags: Credit Scoring, Credit Scoring Law, Insurance, Scoring Law
Posted by Jose Lopez on Jan 26, 2011 | No Comments
Auto insurance fraud has resulted in the arrest of 10 people and warrants issued for six more, according to the North Carolina Department of Insurance (NCDOI). The department says that these 16 individuals are connected to an alleged staged auto accident ring that operated in Nash, Edgecombe and Franklin counties in North Carolina.
Over $76,000 Paid in False Claims
NCDOI investigators have said that the individuals accused in the case filed are suspected of making claims on collisions that never happened or staged accidents by intentionally ramming their own vehicles from behind.
As a result, at least five auto insurance companies paid out a total of $76,217 on suspect claims between August and January 2010.
The two alleged ringleaders identified in the crimes were brothers Howard Earl Whitfield, Jr.
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Tags: Result, Result 10
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