Florida Enacts Auto Insurance Reform

TweetOn March 9, 2012, the state of Florida enacted a major reform to its no-fault auto insurance law in an effort to stop rampant abuse of personal injury protection cases, a veritable cottage industry for fraud that has led to … Continue reading

Homeowners to Face Major Rate Hikes in 2012

TweetThe Insurance Information Institute is predicting a 5 percent jump in homeowners insurance premiums in 2012, taking the national average to $1004. The rise will be a further economic blow to homeowners already coping with falling real estate prices and … Continue reading

Three States Allow No Auto Insurance, But Is It a Good Idea?

TweetAlthough it’s taken as an article of faith that auto insurance is required to legally operate a motor vehicle in the United States, there are exceptions. New Hampshire, for instance, does not force drivers to buy car insurance, but drivers … Continue reading

Inflated Auto Accident Claims a Major Source of Insurance Fraud

TweetThe Insurance Research Council estimates that each year insurers lose $5 billion to $7 billion to inflated auto accident claims alone, although the real cost of insurance fraud likely runs to tens of billions. Insurers pass those losses on to … Continue reading

Car Type Does Affect Premium Rates

TweetConsumers are mistaken in their belief that smaller, more fuel-friendly vehicles are cheaper to insure. In a price-by-price comparison, larger cars, trucks, and SUVs routinely return lower premium levels because they are perceived to be safer in insurer risk profiles. … Continue reading

Low to Mid-Income Americans Paying Too Much for Auto Insurance

TweetAccording to figures compiled by the Consumer Federation of America, low to mid-level income Americans may be paying too much for their auto insurance policies, a situation which lowers their employment opportunities because they cannot legally drive an uninsured vehicle. … Continue reading

Be a Responsible Dog Owner to Minimize Your Home Insurance Problems

TweetAcross the nation dog bite cases are on the rise, with major cities like Houston reporting a 79 percent increase in incidents in 2011. The effect such incidents can have on homeowners insurance for all dog owners is considerable. Insurers … Continue reading

In the Coming Year Insurance Regulators Will Be Busier than Lawmakers

TweetFor the most part, public attention on insurance-related matters in 2012 will center on the on-going health care debate. This is a presidential election year, and the conservative opposition to the Obama administration will drive home the “failure” of the … Continue reading