Detroit, Michigan (Nasdaq) 31 December 2011
Estimates of Insurance Property / Casualty? huge losses, discussing the existence of the crisis, reporting hundreds of thousands of dollars in fines imposed on insurers, increasing claims costs in the rule with the new rate changes in State Farm State Farm and another round of non-renewal instructions. The following summary includes some S in December covered the most important auto insurance news News.OnlineAutoInsurance.com?
? CLOCK Better informed that secure the victim of a property estimated $ 38600000000 in losses before tax, total net covered in the first nine months of 2011. The s? Almost double the total for the year 2010.
? Massachusetts $ 125,000 fine for the promotion of giving policyholders in this state is the wrong impression that he was using credit information to determine their prices.
? Washington regulators GEICO pays a fine of $ 100,000 and returning customers in the state totaling $ 7.5 million, after finding that he acquired a 7 percent of the insured.
? The Hartford announced that his hat into the ring on the use of reporting in 2012 with the introduction of true lane, a product that works very much like instant s to gradually raise.
? Mourning reports were published as part of Florida? S, not because of the problems. The state? Office of Insurance Regulation S show (OIR) published figures show that the frequency and severity of the situation? S PIP claims rose sharply since 2006. But a detailed report of the Florida Consumer Action Network doubts about the reliability of the RIO? S data and conclusions.
? About 4,000 residents of Arkansas received a notification from Allstate that their homeowner policy not be renewed if not also buy coverage for company vehicles. Arkansas is at least the second country in the State Farm policyholders have received such notices.
? A report of a national coalition of consumer advocacy groups complained that the property / casualty insurers have to justify and exaggerate the losses in the industry on the rise in insured? the fees.
? The Michigan Supreme Court ruled that one of the states? Resident s? S Allstate car insurance does not cover his $ 433,000 damages, which would be closing the door of his car one morning in December 2005.
? The IRC publishes a new report shows that insurance costs are driven higher by a filed increase in the frequency of insurance claims.
? State Farm said it will be prizes for most of the insured motor vehicle insurance in Illinois and Wisconsin cut while Michigan reported a significant increase.
For the full story about these and other developments in the industry and consumers in terms of the message should be, the reader should http://news.onlineautoinsurance.com/ the only site to see the publication of anything other than Reporting on the latest industry standards, U.S. cars.
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