IFAwebnews » auto insurance

Md. bill would forbid insurers from ‘force bundling’ policies

IFAwebnews Staff — Mon, 02 Apr 2012 17:16:48 +0000

A proposed bill before the Maryland General Assembly would prevent insurance companies from practicing “forced bundling” was unanimously passed in the House last week and had its first hearing in the Senate March 29.

Md. bill would forbid insurers from ‘force bundling’ policies via IFAwebnews.

California company acquires East Coast MGA and Peachtree Casualty

IFAwebnews Staff — Wed, 28 Mar 2012 13:17:33 +0000

A San Diego, Calif.-based holding company has bought a managing general insurance agency and a private auto insurance company as it seeks to expand its national footprint.

California company acquires East Coast MGA and Peachtree Casualty via IFAwebnews.

AIA challenges ‘closed-door’ meeting between consumer, commissioners

IFAwebnews Staff — Mon, 12 Mar 2012 13:18:39 +0000

An insurance association member questioned a “closed door” meeting among consumers groups and a National Association of Insurance Commissioners' (NAIC) joint working group on automobile insurance.

AIA challenges ‘closed-door’ meeting between consumer, commissioners via IFAwebnews.

‘Criminal trifecta’ allegedly executes largest no-fault auto fraud

Jaime L. Brockway — Wed, 07 Mar 2012 14:12:12 +0000

A group of 36 people was accused of an alleged scheme to defraud New York insurers of more than $279 million in the largest alleged single no-fault automobile insurance fraud charge ever.

‘Criminal trifecta’ allegedly executes largest no-fault auto fraud via IFAwebnews.

N.J., Mass., S.C. auto reforms showing ‘long-term positive effects’

Bob Graham — Thu, 23 Feb 2012 15:03:25 +0000

States that undertake regulatory rate reform of their auto insurance markets appear to see “long-term positive effects,” according to an Insurance Research Council study.

N.J., Mass., S.C. auto reforms showing ‘long-term positive effects’ via IFAwebnews.

La. police officer commits suicide over alleged insurance fraud probe

IFAwebnews Staff — Mon, 20 Feb 2012 11:08:52 +0000

A New Orleans police officer committed suicide Feb. 7 after news reports indicated that he and two other officers were being investigated for insurance fraud by the Federal Bureau of Investigation.

La. police officer commits suicide over alleged insurance fraud probe via IFAwebnews.

Louisiana, D.C. residents pay most for auto insurance

Jaime L. Brockway — Mon, 13 Feb 2012 15:05:37 +0000

State-specific factors create a “wide fluctuation” of auto insurance premium rates across the country, making some states' averages more than double the rates of other states.

Louisiana, D.C. residents pay most for auto insurance via IFAwebnews.

Mercury Insurance seeks agents, unveils new commercial auto product

IFAwebnews Staff — Thu, 09 Feb 2012 10:00:37 +0000

Mercury Insurance, a multi-line insurance organization operating in 13 states, is offering a new commercial auto insurance product it says uses technology to enable its independent agents to more easily rate, qualify and issue new business.

Mercury Insurance seeks agents, unveils new commercial auto product via IFAwebnews.

Insurance claims dispute resolution efforts set record in 2011

Bob Graham — Mon, 30 Jan 2012 13:54:09 +0000

The number of claims resolved through an inter-insurance dispute resolution organization's services set a record in 2011, with nearly 520,000 claims resolved.

Insurance claims dispute resolution efforts set record in 2011 via IFAwebnews.

Consumers disregard insurance packages, favor lower rates

Jaime L. Brockway — Thu, 19 Jan 2012 02:34:57 +0000

Home and auto insurance buyers were less interested in home-auto package discounts in 2011 than the year prior, and more aware of competitive premium rates, a new study says.

Consumers disregard insurance packages, favor lower rates via IFAwebnews.