False Auto Claims: How Organized Crime is Raising Your Premium When you think about organized crime, the subject of car insurance could rarely cross your mind. Maybe classic movies like The Godfather and Scarface embody the idea of what an organized crime group is for you but in all reality, they are just as diverse as the people walking down[Read More »]
Filing A Claim Against Your Collision Coverage. Or: Iowa SUV Has Unusual Pole Landing When officers got to the scene of the crash, the SUV they found seemed as if it had tried to drive up the utility pole it was attached to. The nose of the vehicle was nearly six feet from the ground and the passengers involved were forced to jump down[Read More »]
The High Cost of Auto Insurance Fraud Joe has the right-of-way and waves on a Sally who has stopped at a stop sign, and then when she proceeds into the intersection, he hits her. When the police arrive Joe denies waving Sally on, and she is ticketed for failure-to-yield. Her insurance company pays for all Joe's damages[Read More »]
Texans Crash Their Cars in December – How to File A Claim After an Accident According to an Allstate Insurance Company review, Texans crash their cars more during the holiday season. Allstate looked at its claim history between 2006 and 2010 and found that December was the busiest month for auto accidents. Carlos Cuellar, an Allstate agency owner said, “The increase in crashes could be[Read More »]
“War on Hail” in Texas: Unexpected Weather and Auto Insurance Last month, Texas officials held a symposium discussing the weather concern that has caused the most losses over the years: hail. While hail doesn't receive as much news coverage as hurricanes and tornadoes, its total damage in insured losses surpasses hurricanes and tornadoes combined, reaching $10.4 billion in Texas only[Read More »]
Top Three Auto Insurance Claims & How Long They’ll Affect Rates Being involved in an auto accident is traumatic for everyone involved. Unless the person at fault is someone who is purposely causing an accident for fraudulent purposes, like collecting insurance money, no one plans on making an accident happen. Knowing the most common auto insurance claims may help you reduce[Read More »]
Increased Claim Frequency and Severity And Their Impact on Your Policy Up until 2010, claims costs have overall enjoyed stability of claim costs, even though the average claim has been increasing. This is due to the decrease in claims frequency. However, 2010 and 2011 saw an increase in claim frequency and claim severity according to the Insurance Research Council (IRC). Contributing[Read More »]
