California’s Insurance Commissioner Dave Jones issued a statement on Friday that as part of the Gender Non-Discrimination in Automobile Insurance Rating Regulation, insurers would no longer be allowed to use gender to calculate private auto insurance effective January 1, 2019. “My priority as Insurance Commissioner is to protect all California consumers, and these regulations ensure… Continue reading California Makes It Illegal to Charge More for Auto Insurance Based on Gender
Tag: personal auto insurance
Impaired-Driving Still A Primary Cause of Highway Deaths
With phones, watches and a growing number of other digital devices vying for drivers’ attention, it is no surprise that the danger of distracted driving has taken center stage in recent years. But impaired-driving is a serious issue that has not gone away. In fact, drivers and motorcyclists under the influence of drugs, alcohol or… Continue reading Impaired-Driving Still A Primary Cause of Highway Deaths
Best’s Market Segment Report: U.S. Nonstandard Auto Market Starts to Show Signs of Improvement
AM Best is seeing initial signs that the private passenger nonstandard automobile segment is beginning to improve after years of unfavorable results, including continued premium growth in 2017 and through mid-year 2018. A new Best’s Market Segment Report, “Early Signs of Improvement in Nonstandard Auto Market,” states that the combined ratio for the population of… Continue reading Best’s Market Segment Report: U.S. Nonstandard Auto Market Starts to Show Signs of Improvement
Self-Driving Cars Encounter Political Roadblocks
Auto makers and other companies racing to commercialize self-driving car technology are facing pushback from local politicians, complicating their plans to bring real-world testing to more U.S. cities. In New York City, General Motors Co. has put on hold plans to begin testing in Manhattan because Mayor Bill de Blasio has expressed concerns about the… Continue reading Self-Driving Cars Encounter Political Roadblocks
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
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