Wells Fargo & Co executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge this week. Several executives, including then-General Counsel James Strother and chief auditor David Julian, were among the bank officials briefed in 2012… Continue reading Lawsuit Claims Wells Fargo Executives Knew Auto Insurance Program Was Flawed
Tag: auto insurance
EMC Insurance Enters into an Agreement with Safeco Insurance for Transition of Personal Lines Business
EMC Insurance Companies (“EMC”) announced today they have entered into an agreement with Safeco Insurance (“Safeco”), a Liberty Mutual Company, to provide EMC-licensed agents an opportunity to transition their EMC personal lines policies to Safeco beginning in the first quarter of 2019. This agreement is a result of Des Moines-based EMC making a strategic decision… Continue reading EMC Insurance Enters into an Agreement with Safeco Insurance for Transition of Personal Lines Business
Wells Fargo Says Auto Insurance Remediation Will Not Wrap Up Until 2020
Wells Fargo & Co will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters. U.S. regulators slapped Wells Fargo with a $1 billion penalty in April when it admitted to wrongly forcing drivers into… Continue reading Wells Fargo Says Auto Insurance Remediation Will Not Wrap Up Until 2020
Study: 80% of Drivers Over Rely on Safety Tech
While advanced safety technology continues to progress and become standard in more vehicles, AAA estimates about 80 percent of drivers overestimate the capabilities of these features. The auto club specifically honed in on blind spot monitoring systems in the study and its Wednesday news release. In the study, AAA said about 80 percent of drivers… Continue reading Study: 80% of Drivers Over Rely on Safety Tech
Travelers Institute Announces Every Second Matters Events to Take on Distracted Driving
The Travelers Institute, the public policy division of The Travelers Companies, Inc., will launch its Every Second Matters fall event series today in Hartford to highlight the serious risks and consequences associated with distracted driving. The series will explore the unexpected causes of distraction behind the wheel and call on drivers to lead by example… Continue reading Travelers Institute Announces Every Second Matters Events to Take on Distracted Driving
Motor Vehicle Deaths Remain Stable in First Half of 2018
Preliminary estimates from the National Safety Council indicate the recent upward trend in motor vehicle deaths has continued its leveling off, with the number of fatalities in the first six months of 2018 dipping just slightly – less than 0.5 percent – from six-month 2017 estimates. Approximately 18,720 people died on U.S. roadways between January… Continue reading Motor Vehicle Deaths Remain Stable in First Half of 2018
More Americans Willing to Ride in Fully Self-Driving Cars: AAA Survey
American drivers are beginning to embrace self-driving vehicles, according to a new study from AAA. The annual survey reveals that 63 percent of U.S. drivers report feeling afraid to ride in a fully self-driving vehicle, a significant decrease from 78 percent in early 2017. Millennial and male drivers are the most trusting of autonomous technologies,… Continue reading More Americans Willing to Ride in Fully Self-Driving Cars: AAA Survey