Archive for January 2009

North Carolina Arrests Seventh Suspect in Alleged Car Insurance Scam

Jan 30th, 2009 | Category: Insurance Today

(NCDOI) – North Carolina Insurance Commissioner Wayne Goodwin reported the arrest this week of another Eastern North Carolina resident for his part in what Department of Insurance of investigators are calling an auto insurance fraud ring that staged accidents for more than four years and stole more than $100,000 in phony insurance payments.

GEICO Gecko Celebrates One Year Anniversary of Zoo and Aquarium Tours

Jan 30th, 2009 | Category: Insurance Today

First 100 Children at Miami Zoo to Receive Free Passes (BUSINESS WIRE) – GEICO will be handing out free passes to the first 100 children who come to the Miami Metro Zoo on Saturday, Jan. 31 to help celebrate the one year anniversary of GEICO’s traveling gecko exhibit. The live gecko exhibit is part of […]

Florida Insurance Commissioner subpoenas State Farm

Jan 29th, 2009 | Category: Insurance Today

Two days after State Florida’s Insurance said it wanted to pull out of Florida, the state’s insurance commissioner says he’s issued a subpoena requesting detailed information about the company’s Florida property insurance policyholders. The subpoena is requesting names, addresses, policy types, policy limits and premium information for each of State Farm’s Florida policyholders.

Travelers Urges Drivers to Review Insurance Coverage in Wake of Troubling Industry Report

Jan 28th, 2009 | Category: Insurance Today

(BUSINESS WIRE) – The Insurance Research Council (IRC) recently reported that by the year 2010, nearly one in six drivers across the United States will be driving without auto insurance. Travelers (NYSE: TRV) is reminding consumers that dropping auto insurance coverage is illegal in most every state and could mean financial disaster for families. The […]

High Point Auto Insurance Outranks State Farm, GEICO, and Progressive in Statewide Survey

Jan 27th, 2009 | Category: Insurance Today

(PRNewswire via COMTEX) – Survey of auto repair facilities shows significant differences in repair quality, speed, and customer experience Caution! Not all insurance companies are the same when it comes to fixing your car! In a blind survey of 50 New Jersey auto repair facilities performed by USA/Direct, an independent research firm, High Point Auto […]

Progressive Insurance Automotive X PRIZE Applauds President Obama’s Plans to Tighten Environmental Automobile Standards

Jan 27th, 2009 | Category: Insurance Today

Today, the Progressive Insurance Automotive X PRIZE, an incentive competition conducted by the X PRIZE Foundation, praised President Obama’s plan to allow states to regulate automobile greenhouse-gas emissions and to expedite countrywide regulations for increased fuel efficiency standards. “We share President Obama’s goal to reduce greenhouse-gas emissions and increase fuel efficiency standards, and commend him […]

Nationwide Insurance Urges Property Owners to Protect Against Winter Storm Damage

Jan 27th, 2009 | Category: Insurance Today

(BUSINESS WIRE) – Nationwide Mutual Insurance Company is urging customers to take steps now to prevent potential damage from extreme winter weather conditions. With several weeks of winter weather ahead for many parts of the country, there is still ample opportunity for property owners to take preventative action that could save money and avoid frustration. […]

State Farm wants to dump home insurance in Florida

Jan 27th, 2009 | Category: Insurance Today

Saying its finances are weakened, State Farm’s Florida unit wants to get out of the business of property insurance in the state. The company, Florida’s largest private insurer of homes and condos with 1.2 million policies, wants to keep only auto insurance, it said in a statement. Other State Farm units would still sell life, […]

Kansas Insurance Department Recovered $13.8 Million in 2008

Jan 26th, 2009 | Category: Insurance Today

(Kansas Insurance Department) – Kansas Insurance Commissioner Sandy Praeger’s office said it helped thousands of Kansas consumers settle disputes with their insurance companies in 2008, recovering more than $13.6 million in insurance claims for policyholders. The recoveries are funds returned to policyholders through settlement of claims disputes with insurance companies, based on inquiries and formal […]

GEICO Announces Auto Insurance Rate Decreases for Georgia Drivers

Jan 23rd, 2009 | Category: Insurance Today

(BUSINESS WIRE) – GEICO has good news for motorists in the Peach State: a new auto insurance rate plan that will save Georgia drivers money. The rating plan is already in effect for new policies and will be effective Feb. 8 for renewal policies. “On average, current GEICO policyholders will receive a 2.3 percent decrease […]