13+ hour ago (74+ words) The authenticity of the "insurance" policy is usually revealed only after an accident. Fraudsters are issuing fake motor insurance policies en masse, using fake versions of well-known insurance company websites and luring buyers with low prices Fraudsters are issuing fake motor insurance policies en masse, using fake versions of well-known insurance company websites and luring buyers with low prices. The authenticity of the "insurance" policy is usually revealed only after an accident....

1+ day, 6+ hour ago (601+ words) An insured driver learns his long-standing motor policy won't be renewed despite a minor claim. Experts reveal how insurers rely on broad risk decisions, poor data use, and arbitrary practices, leaving customers helpless....

1+ day, 16+ hour ago (575+ words) Successful reforms targeting medical malpractice in 1975 and workers' compensation in 1991 solved Louisiana's insurance crises of those times. Putting the current auto liability crisis into that historical context may help provide a path for the present. In 1975, Louisiana enacted medical malpractice reform legislation aimed at addressing the escalating costs and diminishing availability of medical malpractice insurance. The legislation introduced a cap on noneconomic damage and limited awards for pain and suffering to $500,000, while allowing unlimited economic damages. This reform was designed to stabilize the medical malpractice insurance market, reduce the burden on health care providers and ensure that patients still had access to necessary medical services. At the same time, legislators created an underwriting entity, the Patients' Compensation Fund (PCF), to spur the market. Today, this insurance market is stable, competitive and healthy. In 1991, Louisiana passed comprehensive workers' compensation reform legislation…...

1+ day, 16+ hour ago (749+ words) Canadian drivers are experiencing significant car insurance renewal increases, with some facing premium jumps of over $750 annually. Understanding why your insurance premium rises at renewal time and implementing proactive strategies can help you avoid these costly surprises and maintain affordable coverage. Common reasons your car insurance premium increases at renewal Driving record changes that impact your rates Your driving history remains the most significant factor affecting insurance rates. Even a single at-fault accident can increase your premium, while traffic violations eliminate valuable accident-free driving discounts. Insurance companies continuously monitor your driving record, and any new incidents since your last renewal will likely be reflected in your updated premium. Recent data from the Insurance Bureau of Canada shows that insurers are seeing auto insurance claims costs rise faster than general inflation rates. This trend directly impacts renewal pricing, as companies adjust…...

2+ day, 1+ hour ago (383+ words) The majority of young drivers use some form of telematics policy in the UK as premium prices forces their hands. Oops, something went wrong Younger drivers forced into telematics by vast difference in premiums Premium prices for the youngest drivers in the UK continue to be priced aggressively and are forcing younger people into telematics policies. Over half of UK consumers between 18 and 25 years old who have a motor insurance policy have some form of telematics policy. Market research firm Consumer Intelligence found that the youngest group (1719-year-olds) pay 83% more for traditional cover than telematics (2,712 [$3,589] on average), according to the Insurance Times. GlobalData's 2024 UK Insurance Consumer Survey data backs up this vast difference in premiums as it shows that the youngest age group are more likely to have a telematics policy than a traditional one. It found that 68.0% of 1825-year-olds…...

2+ day, 8+ hour ago (521+ words) These days, buying car insurance is quicker and easier than ever. You no longer need to stop by an insurance office or wait on agents to complete your policy. A few clicks let you check out different options, purchase car insurance online, and get the policy papers delivered straight to your email. Still even with the ease of online insurance, keeping the correct documents handy makes the process smoother. This guide explains what papers you will need to buy or renew your car insurance online in India. Insurers need documents to verify your identity, car ownership, and vehicle condition. This helps prevent fraud, maintain accurate records, and decide the right premium. Proper documentation also supports smooth claim processing. When buying car insurance online, you simply upload the required files digitally through the insurer's app or website. When you purchase car…...

2+ day, 10+ hour ago (738+ words) Anyway, after my exit into greener pastures, the insurance role proved much more stable and lucrative. I could pay my Chicago rent! Unexpectedly, I found the job pretty interesting. I often took calls from folks wondering what their policies covered, or fielded the first phone call to the company after a car accident. During my years there, I learned the different elements of a car insurance policy and what it all meant. Some drivers were surprised to learn they were missing certain coverage. Let's review some of them so you can add them if you think you'll need it at some point. Your insurance usually protects your car, not what's inside it. If someone breaks into your vehicle and takes your laptop, phone, or backpack, most auto policies won't reimburse you." Homeowners or renters insurance is generally the right place…...

2+ day, 10+ hour ago (709+ words) Considering the constantly rising healthcare costs in India, the need for medical insurance cannot be ignored. A medical insurance policy covers the expenses of your treatment during medical emergencies. Thus, while selecting a medical insurance policy, you must decide the coverage amount carefully to ensure that you are not underinsured. Online tools available on the insurer's website will help you determine the sum assured according to your needs and budget. Moreover, you can now easily purchase a health insurance policy online through these websites without any hassles of paperwork or long waiting lines. Read on to learn the steps for purchasing health insurance online and the factors to consider before buying one! Here are the easy steps to follow while purchasing medical insurance online: Buying a medical insurance policy requires careful consideration of several key factors. Here are some of…...

2+ day, 11+ hour ago (563+ words) There is a simple truth at the centre of Alberta's auto insurance debate. When you are injured in a collision, what matters most is whether you can get help, get answers, and stand up for yourself if something goes wrong. The Care-first model removes that ability. It shifts power away from ordinary people and gives it to insurers. And it does this behind the promise of cheaper premiums that private no-fault systems never deliver. Albertans deserve to understand what is at stake. The promise of lower premiums is not supported by evidence The Insurance Bureau of Canada argues that Care-first will reduce premiums, though its own report says otherwise. Ontario has had private no-fault for years and has the highest premiums in Canada. If no-fault lowered premiums, Ontario would be the cheapest province. Your right to sue is not expanded....

2+ day, 12+ hour ago (526+ words) Choosing a car insurance provider can feel overwhelming. If you're considering State Farm, understanding its pricing structure will help you determine if it's the best fit for your needs. However, we recommend comparing quotes from several providers to ensure you're getting the most value and saving money on your car insurance. State Farm charges an average of $115 per month for full-coverage car insurance policies. Drivers who choose minimum liability-only coverage pay an average of $58. Keep in mind these are average figures. Your personal rate depends on multiple factors including your age, where you live, credit score, and driving record. While your quote from State Farm might differ from these averages, they provide a useful benchmark for comparison shopping. Each insurance company uses different methods to evaluate risk and offer discounts. Comparing State Farm's pricing to other insurers helps you see…...