InsuranceYak.comMSN Money published a Marketwatch article titled “States that keep a Lid on Car Insurance”
Saith the wise people of Marketwatch:
” California … New Jersey, Hawaii, New Hampshire and Pennsylvania also have served drivers well by keeping insurance rates relatively low, but drivers in other states have watched their costs skyrocket 100% or more between 1989 and […]
The measure sponsored by Rep. Lanny Littlejohn, argued young people just learning to drive need to concentrate, and the bill could save lives. The bill would have made it illegal for anyone with a beginner’s permit, conditional or special restricted driver’s license to use a phone or other wireless device while driving. In South Carolina, teens […]
In a follow up to an earlier report, the 1st District, Florida district court of appeal has lifted the appeal to the stop order issues by Florida Office of Insurance Regulation (OIR). Allstate must stop issuing new policies in Florida, but must continue to service existing policies. Allstate can lift the stop order by producing documents […]
Early Retirementblogger Jacob hosts next week’s edition of the Cavalcade of Risk. Submissions are due by Monday the 7th, and will be up and out on the 9th. Visit InsureBlog for more details about submitting your own post.
Included in the Treasury Department’s financial regulatory reform package is a interesting proposal: An optional federal charter (OFC) for insurance companies.
What’s the big deal? State regulators have traditionally had oversight duties dealing with insurance companies, while the Fed has been in charge of the insurance programs no one wants to oversee: Too costly? (National Flood Insurance) Too burdensome? […]
Rep. Luis Gutierrez (D-IL) introduced H R 5633 ” To amend the Fair Credit Reporting Act to prohibit certain discriminatory uses of consumer reports and consumer information in connection with certain personal lines of insurance, and for other purposes.”
The bill is co-sponsored by Rep. Melvin Watt [D-NC] and Rep. Barney Frank [D-MA].
When I see those three […]
Got an email from Stephen Evanko, owner of Delaware Insurance Advisors (sevanko [at] delinsadv [dot] com ) telling me about his new website for parents of Teen drivers. I’m still four years away from my boy driving, but I’m excited by the latest technology being used to monitor youthful drivers.
Safeco is offering (to their policyholders) a […]
Let me put on my party hat and do my best Cliff Clavin voice..
Auto insurance is celebrating it’s 110th birthday. The first policy was sold in 1898 by Traveler’s Insurance to Dr. Truman Martin of Buffalo, N.Y.
Dr. Martin paid $12.95 for a year.
The policy gave Dr. Martin $5,000 in liability coverage - Comp, collision, towing, loss-of-use, Med […]
Progressive Insurance said it plans to begin selling personal auto insurance in Massachusetts starting May 1 if state regulators approve the company’s rate filings. Progressive already sells commercial policies in Massachusetts.
Currently, Progressive sells personal auto policies (PAP) in every state except Mass.
Policies will be available first from the Web then through independent agents.
I wish Progressive luck. Hopefully […]
The Times-Picayune has published the results from a Louisiana market conduct exam outlining the troubles Citizens Property Insurance Corp. (the states third largest insurer) had in paying Katrina claims in 2005. The Louisiana Department of Insurance selected Citizens for an exam because it had the highest ratio of complaints to market-share of any company in […]
May 9, 2008 
