We often forget that our auto insurance policies are contracts. Besides paying your premium on time, you should abide by your car insurance company’s rules. But how can you abide by the rules when you don’t even know what they are? Here are 10 common scenarios that Insure.com readers often ask about. If any…
The Insurance Research Council (IRC) has released a study, Fraud and Buildup in Auto Injury Claims, which highlights the impact of fraud on auto injury claims. The study estimates that claim fraud and buildup increased payments for auto injuries by $5.6 billion to $7.7 billion in the U.S. in 2012, representing between 13% to 17% of…
Editor’s note: This article first appeared on CarInsurance.com and is reprinted here with their permission. Click here for the original post. After a serious accident, car insurance is a financial lifesaver, whether you face mounting medical bills or major car repairs. But after a minor fender-bender, some drivers prefer to leave insurance companies out of…
Editor’s note: This article first appeared on Insurance.com and is reprinted here with their permission. Click here for the original post. If you’re looking for the best car insurance rates, a 40 percent discount for good students or a 25 percent discount for having more than one policy with the same insurer will probably catch your attention.…
A recent fire at a 16,000 square foot mansion on the waterfront in Anne Arundel County, Maryland, took the lives of six people including two grandparents and their four grandchildren. The cause of the fire, according to investigators, was a 16-foot tall Christmas tree that the owners left lit most of the time in the…
With so many property insurance choices now available to Florida consumers, it is more important than ever that homeowners work closely with the their agent to determine their best insurance options. Your agent is the most vaulable resource when making decisions about how to best protect your home and you family. With guidance from the…
579. That’s the number of data breaches that have occurred in 2014, as of Sept. 30, according to the ID Theft Resource Center, an online educational site on fraud, idenity theft and data breach. It seems we can’t go more than a week without hearing about a high-profile data breach. Jimmy John’s was the last, and…
Getting a ticket can affect more than a driver’s record — it can also jack up their auto insurance premiums. Insurers look at cars, drivers, and traffic violations when building auto policies. While accidents can hike up insurance premiums for all drivers of a particular type of vehicle, tickets can boost premiums for each individual…
The Report begins with an overview of the insurance industry that presents and analyzes the financial performance and condition of the key U.S. insurance industry sectors, i.e., the life and health (L/H) sector and the property and casualty (P/C) sector. The industry financial overview also includes analysis of insurance industry capital markets activity, the increasing…