auto insurers News

Michigan Bill to Reduce Auto Insurance Premiums is in Peril

Legislation to reduce Michigan’s high auto insurance premiums by letting drivers opt out of mandatory unlimited medical coverage is in peril, with majority Republicans lacking enough support to pass it on their own and many Democrats pushing an alternative plan. …

Arizona Governor Vetos Bill Allowing Insurers to Drop Drivers

Arizona Gov. Jan Brewer has vetoed a bill that would have allowed insurance companies to drop drivers from their coverage if their car was driven mostly out of the state. The bill would have affected college students and snow birds …

New York Auto Insurers Allegedly Using Unfair Rating Factors

New York’s largest auto insurers factor in a motorist’s education level and occupation when calculating policy rates, charging blue-collar workers more than college-educated professionals, a consumer watchdog group reported Thursday. The analysis by the New York Public Interest Research Group …

Michigan Drivers’ Catastrophic Claims Fee to Remain $186

An agency that charges Michigan drivers for the cost of caring for people catastrophically injured in crashes says the fee they pay will remain unchanged at $186 per year. The Michigan Catastrophic Claims Association announced Wednesday that the assessment for …

Auto Insurers See Assessment Increase in Michigan

Auto insurers in Michigan will begin paying more to cover the cost of personal injury protection (PIP) benefits gauranteed under Michigan’s no fault insurance law. Beginning July 1, the assessment paid by auto insurers to the Michigan Catastrophic Claims Association …

Auto Insurers’ Driver Tracking Hits Wall in California

California is turning into a battleground for technology that allows auto insurers to track their customers’ driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences. Insurance companies are increasingly installing …

State Legislation Makes Headway in Battle Against Fraud

Lawmakers in several states are trying to squeeze crash rings that bedevil auto insurers with bogus injury claims in several heavily populated states. Thwarting shady wheel deals thus forms a marquee legislative trend for 2012, given the billions of dollars …

Black Box Implications for Auto Insurers

Though event data recorders (EDR) have been around since the 1970s, the number of vehicles equipped with the devices, also known as black boxes, has increased over the last decade. While data recorded on an EDR can greatly enhance an …