• Michigan Senate Approves Doubling Mini-Tort Limit

    Unanimous approvals finalize bill in state Congress; last increase was in 1995

    Senators in Michigan voted last week in support of a bill that doubles the limit up to which a motorist can sue for crash damages not covered by their own insurance. The vote for HB 5362 increases the “mini-tort” limit from $500 to $1,000. Mini...

    Latest news in State Specific
  • Fremont, Esurance Request New Insurance Rates in Michigan

    Fremont wants higher rates, Esurance wants lower rates; Progressive motorcycle rate hikes approved

    Two insurers recently filed requests with Michigan regulators to implement rate changes to personal auto policies, with Fremont seeking to hike rates and Esurance seeking to lower rates. A total of nearly 43,000 policyholders would be affected. Both...

    Latest news in Premium Rates
  • Insurance Carrier Progressive Reports 48 Percent Profit Drop

    Losses in securities drag down boost in written premiums for major auto insurer.

    In its monthly financial report released yesterday, Progressive reported a 48 percent drop in April profits with securities losses dragging down a boost in written premiums. April profits fell from $118 million last year to $61.2 million in 2012....

    Latest news in Insurance Companies
  • Insurance Institute Adds Three Cars to Top Safety Picks

    2013 Chevy Malibu Eco, 2012 Hyndai Azera, 2012 Toyota Prius C make list after safety tests

    The Insurance Institute for Highway Safety (IIHS) recently added three cars to its Top Safety Picks, naming the 2013 Chevy Malibu Eco, 2012 Hyundai Azera and 2012 Toyota Prius C as exceptionally safe vehicles for drivers. All three received the...

    Latest news in Consumer
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  • Michigan Senate Approves Doubling Mini-Tort Limit
  • Fremont, Esurance Request New Insurance Rates in Michigan
  • Insurance Carrier Progressive Reports 48 Percent Profit Drop
  • Insurance Institute Adds Three Cars to Top Safety Picks

Latest News

Fremont, Esurance Request New Insurance Rates in Michigan

Fremont, Esurance Request New Insurance Rates in Michigan
Two insurers recently filed requests with Michigan regulators to implement rate changes to personal auto policies, with Fremont seeking to hike rates and Esurance seeking to lower rates. A total of nearly 43,000 policyholders would be affected. Both filings were accepted but have yet to get formal approval from regulators, according...Read More »

Michigan Senate Approves Doubling Mini-Tort Limit

Michigan Senate Approves Doubling Mini-Tort Limit
Senators in Michigan voted last week in support of a bill that doubles the limit up to which a motorist can sue for crash damages not covered by their own insurance. The vote for HB 5362 increases the “mini-tort” limit from $500 to $1,000. Mini-tort, an exception to the state’s no-fault insurance law, allows motorists...Read More »

Calif. Insurance Regulation Petition Crosses Signature Threshold

A petition seeking heavier regulations within the California insurance industry surpassed the threshold of signatures needed to put it to a statewide vote, moving the initiative a step closer to getting on the November ballot. The petition for...Read More »
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State Specific

Calif. Insurance Regulation Petition Crosses Signature Threshold

A petition seeking heavier regulations within the California insurance industry surpassed the threshold of signatures needed to put it to a statewide vote,... Read More »

Montana Authorities to Verify Insurance via Database

Next week, the Montana Highway Patrol will begin using the Montana Insurance Verification System (MTIVS) which can instantly confirm that a car has proper... Read More »

La. Committee Passes Proposal to Tow Cars Lacking Insurance

A proposal in Louisiana instituting harsher towing penalties on motorists lacking coverage received a favorable report from a state Senate committee today... Read More »
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Insurance Companies

Insurance Patents at Center of Progressive Lawsuits

In lawsuits filed last week in federal court, Progressive claims that The Hartford and State Farm infringed on three patents used to measure vehicle usage... Read More »

Allstate First-Quarter Financial Results Show Rising Profits

Allstate released its first-quarter financial statement Wednesday, which showed that the nation’s second-largest auto insurer saw rising profits... Read More »

Study: Insurance Consumers Shop Around Less, Switch More Often

A study from J.D. Power and Associates found that the rate at which policyholders looked at the market for a new insurer is at its lowest point in a half-decade... Read More »
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Premium Rates

New York Raising Insurance Rates for High-Risk Drivers

Rate filings made public by regulators show that the more than 90,000 high-risk drivers who get coverage through the state-run New York Automobile Insurance... Read More »

Eight California Car Insurance Companies Ask for Higher Rates

Filings made public by the California Department of Insurance show at least eight car insurers in the state are asking for rate increases, with two of... Read More »

Insurers Announce Auto Insurance Rate Changes in Illinois

Illinois insurance regulators recently released documents for filings accepted in March showing that almost two dozen insurers have already adjusted or... Read More »
Other recent stories posted in
Consumer

Insurance Institute Adds Three Cars to Top Safety Picks

The Insurance Institute for Highway Safety (IIHS) recently added three cars to its Top Safety Picks, naming the 2013 Chevy Malibu Eco, 2012 Hyundai Azera... Read More »

NICB: 1 in 10 Corvettes Stolen Between 1981 and 2011

In its second classic-car feature, the National Insurance Crime Bureau (NICB) is highlighting the Chevrolet Corvette, a car that has seen more than 10... Read More »

Survey: Parents, Friends Model Bad Texting Habits for Teens

Almost half of teens text while driving even though almost all know it is dangerous—and at least a part of the reason can be attributed to bad examples... Read More »