Car Insurance Deals

Car insurance is something that anyone who drives a car has to have – and without it, you could end up in serious trouble with the law. Some people also end up paying more than they need to for their car insurance, often because of their driving habits. Why does this happen?

One of the main reasons careless driving leads to higher insurance costs is because drivers who don’t take as much care over their driving as they should are more likely to need to claim on their insurance. For example, speeding or failing to check your mirrors when you are supposed can lead to accidents – sometimes quite serious ones – which lead to claims on your insurance.

Also, drivers who are considered to be careless often have some sort of traffic conviction that means they have points on their driving license. You need to tell your car insurance company when you have got points on your license, and this can have a serious impact on how much you are asked to pay for your insurance cover.

Drivers who fit the profile of those who are statistically more likely to drive carelessly can also be penalised in terms of their insurance costs. For ins Full Article…

Questgates is warning that insurance claims resulting from recent riotous behavior could be invalidated by the slightest of delays.

According to the claims management firm, local police authorities have a legal responsibility to reimburse persons who sustain damage to property as the result of a riot under the Riot Damages Act 1886.

However, any claim under the Act must be made in writing and received by the local police authority within 14 days of the alleged incident.

Insurers therefore typically include within policy claims notification clauses a requirement for any claim for riot and/or civil commotion to be notified to insurers immediately, followed by full supporting documentation (a schedule of loss and statement of truth) within seven days of the incident.

Insurers are then entitled to recover their outlays under the principle of subrogation.

Questgates also advises that the Act excludes liability for loss or damage to cars left on public highways, goods left in shops for repair and/or consequential losses.

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Glencar Underwriting Managers has selected Instec to license quicksolver 3 for Commercial Package Policy in all 50 states.

As per the agreement, a license for the quicksolver Integration Extensions add-on is also included to allow integration of quicksolver 3 with a third-party data aggregator to provide statutory reporting services.Glencar Underwriting Managers president and CEO Steve Fitzpatrick said that speed to market was absolutely critical for them in choosing new policy administration software. They needed a system that got them up and running with their new insurance programs in a matter of weeks.Glencar’s first program for golf courses was implemented after testing in a few weeks to make it go live on quicksolver 3. Around the US using quicksolver 3, Glencar is also continually expanding the number of agents.

Auto insuranceclaims are on the rise across the country according to a new report released by the Insurance Research Council (IRC). The report, issued this week, found that the increase in costs is reversing previous trends of relatively stable costs that have even declined in some cases.

Auto Insurance Claims Severity and Frequency Increasing

The new Insurance Research Council report, titled Trends in Auto Injury Claims, 2011 Edition, has revealed some shifts in previous auto insurance claims trends.

In the previous few years, reports from the IRC found that while injury claim severity (the average cost of injury claims) has been on the rise, it has always been offset by declining claim frequency. However, according to the 2011 report, the frequency in which claims are filed has increased, resulting in an overall jump in claims costs.

PIP Claims Have Impacted Total Claims

Among the types of auto insurance claims studied by the IRC, the organization said personal injury protection (PIP) claimsalso known as no-fault injury protectionseemed to have had the greatest impact on the claims cost increase.

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Moving Traffic Violations

Contrasted with paperwork or parking violations, moving violations occur when you are actually traveling in your vehicle. Because the vehicle is in motion and thus more dangerous at the time of the infraction, the penalties for moving violations tend to be more severe than those for others. Moving violations can range from the relatively minor, such as improper backing, to more serious, such as driving under the influence. On this page, you will find a description of the most common minor moving violations and their typical penalties.

Failing to Yield

This offense is rather broad, as a number of situations exists in which a driver must yield. Drivers might receive citations for failing to yield the right of way, to pedestrians, to overtaking traffic, or to emergency vehicles. While some states keep the penalties for this offense the same regardless of the circumstances of the failure to yield, others may vary the penalty. For instance, failing to yield to a pedestrian in a crosswalk may carry a stiffer penalty than failing to yield to overtaking traffic.

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The spiralling cost of car insurance premiums could be curbed if the government clamped down on whiplash claims and insurers were banned from selling on customer information, according to MPs.

In a report, the transport select committee warned that soaring premiums are “primarily the result of market dysfunction and, in particular, the escalation of uncontested claims for whiplash injury”.

According to the Association of British Insurers, whiplash claims are now costing insurers and customers more than £2bn a year. This adds an extra £90 to the average motor insurance premium.

Over the last three years, says the ABI, the number of people claiming whiplash has jumped by 32% to 570,000 a year, but the number of accidents reported (less than 210,000) has fallen by 16%.

The transport committee called for the government to raise the threshold for the payment of any compensation in whiplash cases. “

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Germany’s Generali Deutschland insurance group has signed a multi-year license agreement to use Conning’s GEMS Portfolio Analyzer to support the development and control of its investment strategy.

GEMS Portfolio Analyzer integrates Conning’s economic scenario generator GEMS with investment and management decision modules.Generali Deutschland will use GEMS Portfolio Analyzer to model a complete extendable range of asset classes, including Pfandbriefe and provide clients with capabilities to model multiple investment portfolios and dynamic asset allocation strategies as well as variable annuity hedging, pension management strategies and risk attribution. According to the company, portfolio managers can benefit from a set of financial instruments such as floating rate notes, interest rate swaps, interest rate derivatives, inflation-linked derivatives and equity derivatives for their modeling needs. Gen

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As many of you commuters in the Southfield and Farmington Hills area know, a six-mile stretch of I-696 was shut down this morning for many hours.

The reason for such drastic measures by police is a great tragedy. A pedestrian was trying to change a tire when he was struck multiple times and killed on the highway, according to published reports. After the initial crash, there was a subsequent auto accident that sent three people to the hospital.

Police are still investigating the accident, and they are asking that anyone with information, who might have seen something or struck something, call the Michigan State Police at (248) 584-5740.

In the meantime, our auto accident attorneys want to leave you with some safety tips from the National Safety council on what to do if you have a tire blowout on the highway.

1. SLOW DOWN. It is first and foremost the responsibility of other drivers to slow down when they see vehicles at the side of the road and to change lanes away from the stalled vehicles using their turn signals.

2.

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Car Insurance for Collectors

If you keep a vehicle primarily as a collector’s item, standard auto insurance coverage is likely unnecessary because such vehicles are rarely driven and don’t require extensive insurance protection. For example, you might have an exotic Italian sports coupe that you only drive for a few weeks in the summer, or a 1976 Pontiac Firebird Trans Am that you only drive back and forth to an occasional auto show. Rarely driven show vehicles like these are best covered by classic auto insurance. Such policies offer the same protections as standard policies but, because the insured vehicle spends the majority of the year in storage, are substantially less expensive.

Qualifying for Antique Car Insurance

You and your vehicle will need to meet the carriers requirements in order to qualify for a collector car insurance policy. Generally speaking, most carriers will accept antique and classic, new exotic, lowrider, retired commercial, and street rod vehicles provided they and their drivers meet the following criteria (specific requirements will vary by carrier):

• Mileage – antique auto insurance will only cover vehicles driven infrequently, such as for shows, tours, events, and short-distance pleasure driving.

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Talk about a sticky situation.

Travelers Insurance has asked a federal court in Pennsylvania to appoint a “special master” to evaluate and settle the claims of hundreds of motorists whose vehicles were damaged after a tanker truck insured by the coverage provider spilled a gooey petroleum product all over the Pennsylvania Turnpike in November.

A lawyer representing Travelers confirmed this week that the insurer has deposited $1 million into a bank account supervised by the U.S. District Court in Pittsburgh, but said that amount may not be enough to pay off the nearly 1,000 claims for damages filed by motorists from 16 states and their private insurance companies.

The attorney, who requested anonymity due to the ongoing litigation, said the company that owns the truck that caused the incidentMaryland-based MTS Transportis seeking payment from another insurer with whom it has a policy for up to $4 million in excess coverage.  He

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