Fewer storms in 2014 allowed insurers to apply the lessons learned in previous major catastrophes to their non-catastrophe claims, and the results are paying off, according to the J.D. Power 2015 Property Claims Satisfaction Study. The increased focus allowed insurers to raise property claims satisfaction by 11 points (on a 1,000-point scale) from 840…
In late December, there was a lot of news about the Insurance Institute for Highway Safety’s (IIHS) list of the safest motor vehicles for 2015. The list was impressive—71 vehicles—even though the Chrysler 200 was the only U.S. car on the Top Safety Pick+ list. Focusing on real-world situations, IIHS has been encouraging auto makers…
If you watched the news or have paid attention to the headlines recently, you’ve seen the reports of a near miss between a JetBlue flight and a Caribbean Airlines flight at John F. Kennedy International airport in New York on Jan. 19. You’ve also no doubt seen extensive coverage of the AirAsia crash on…
Although the chances of dying in a crash in a late-model vehicle have fallen by more than one-third in three years, the gap between the safest and riskiest models remains wide, according to a new report by the Insurance Institute for Highway Safety (IIHS). Among 2011 models—the most recent year included in the study—three cars…
John Sterling, the well-known radio play-by-play announcer of Major League Baseball’s New York Yankees since 1989, is asking himself this month how to replace five World Series rings, not just one. Sterling was one of the most prominent residents of Avalon at Edgewater, a luxury apartment complex in Edgewater, N.J. On Jan. 21, he and…
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…