Insurance News

Terrorism Insurance?

May 4, 2011 No Comments »

After the killing of Osama bin Laden over the weekend, interest in “terrorism insurance” has risen considerably. In fact, the U.S. State Department warned of “enhanced potential for anti-American violence,” the Insurance Information Institute said this week in a press ... Read More »

No Pay/No Play Bill Passed in Kansas

May 3, 2011 No Comments »

Uninsured drivers in Kansas may want to rethink their decision. The Kansas Legislature has passed the so-called “No Pay/No Play” bill (SB 136), a piece of legislation that aims to encourage more drivers to purchase auto insurance, which is mandated ... Read More »

How Much Is Private Mortgage Insurance?

April 27, 2011 No Comments »

Private mortgage insurance, known as PMI in industry-speak, is a type of insurance that protects lenders against borrower default. It is required when the loan amount is in excess of 80% of the appraised value of the home. In short, ... Read More »

State Farm Has Received 10,000 Insurance Claims Related to Recent Storms

April 21, 2011 No Comments »

State Farm said it received more than 10,000 insurance claims related to the storms that spanned across Texas to North Carolina last week, according to a press release from insurance ratings company A.M. Best. The insurer, which is the largest ... Read More »

Sixteen Percent Admit to Driving Without Car Insurance

April 18, 2011 No Comments »

Yes, you read that correctly. Sixteen out of every 100 people you pass on the freeway have driven without car insurance at one time or another…scary thought! What’s worse? Two percent of drivers say they’re currently driving without insurance, according ... Read More »

Wisconsin Auto Insurance Limits Going Down

April 18, 2011 No Comments »

Back in 2009, we noted that the Wisconsin legislature approved an increase in the state mandatory minimum car insurance limits from 25/50/10 up to 50/100/15. Well…we’re now taking it all back. On Tuesday, Governor Scott Walker approved a Senate proposal ... Read More »

Insurers Not Fans of Mandatory Car Insurance

April 13, 2011 No Comments »

Yes, you read that correctly. Insurance companies apparently have a problem with a law that says you have to buy their product…and pigs have been spotted flying. Apparently there is “broad insurer opposition to state laws that require drivers to ... Read More »

Recession Forces Drivers to Reduce Car Insurance Coverage

April 12, 2011 No Comments »

More drivers are opting out of collision and comprehensive car insurance, according to a recent study from analytics firm Quality Planning. The company noted from 2006 to 2010, those ditching such car insurance coverage options increased sequentially, especially for older ... Read More »

How Much Is Motorcycle Insurance?

April 8, 2011 No Comments »

Insurance Q&A: “How much is motorcycle insurance?” Motorcycle insurance premiums, similar to car insurance, can vary greatly from driver to driver. There isn’t an insurance professional in the world that is capable of simply throwing a number at you. You ... Read More »

Teenage Car Insurance Top Concern Among Parents

April 7, 2011 No Comments »

More teenagers are having to wait to hit the road, thanks to ongoing economic woes and the high cost of teenage car insurance. A new study from Nationwide Insurance revealed that of all the parental concerns associated with teen driving, ... Read More »