Monthly Archives: May 2013

Summer is Most Dangerous Time for Teens on the Road

Memorial Day through Labor Day is the most dangerous time of the year for teens to be on the road, according to the Insurance Information Institute. Statistics from Tire Rack Street Survival, a national nonprofit teen driving education program, show that over the past five years combined, an average of eight teens (aged 16-19) were killed in car accidents every single day during these months—a trend that is likely to continue in 2013.

Immaturity and lack of driving experience are the two main factors leading to the high crash rate among teens,” said Loretta Worters, vice president with the I.I.I. “Even the best teenage drivers don’t have the judgment that comes
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10 Deadliest Driving Distractions

Distracted driving endangers not only those behind the wheel but also their passengers, fellow road occupants and pedestrians. In fact, drivers using hand-held devices are four times more likely to get into crashes serious enough to injure themselves, a statistic that has led to them being banned in 11 states.

(See the technology Esurance is using to prevent distracted driving among teens.) As a recent report from Erie Insurance shows, the consequences of distracted driving can also be tragic. Teen drivers are more likely than any other age group to be involved in a fatal crash where distraction was cited. To reinforce good driving behaviors during April (which has been
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Homeowners Confused About Insurance Coverage: Survey

Many homeowners do not understand what exposures are covered under their home insurance policy, according to a new consumer survey.

More than two in five Americans (41 percent) believe that a standard homeowner’s insurance policy protects against mold damage, according to new survey.

“This misconception could prove extremely costly,” said Laura Adams, senior insurance analyst, “Mold remediation can cost tens of thousands of dollars. It’s often not covered by homeowner’s insurance, especially if it was caused by neglected maintenance such as a leaky pipe.”

The survey also revealed that many homeowners are misinformed regarding personal belongings stolen from a car (73 percent aren’t aware that this type of theft is covered
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Traffic stops go digital with e-insurance cards

State legislatures nationwide are hoping a tweak in statutes will save drivers from tickets or at least spare them from digging through their glove boxes, wallets or pocketbooks for their insurance cards.

Governments in more than a dozen states have recently passed laws that authorize drivers to show digital images of their proof-of-insurance cards to law enforcement officers during traffic stops.

On Tuesday, a bill in Washington state became law. That followed laws passing in Colorado, Indiana, and Kansas in April, according to the Property Casualty Insurers Association of America, an industry trade group. Bills are awaiting signatures from the governors in Maine, Georgia, Alaska and Tennessee, according to that group.

At least
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On The Trail of Snail Mail

Imagine asking your insurance company to email you your policy renewal forms and finding out that your insurer can only send it to you by regular mail.    The digital age enables consumers to do most of their personal business online like paying your mortgage or bills, shopping, checking in for a flight.  You name it, people are doing it on their phone or computer. 

Imagine again that you are a person who travels a lot and tends to move around constantly and you prefer receiving your mail electronically because the most reliable point of contact for you is your email address.  But wait…your insurer cannot accommodate your request because they
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California insurers, Commissioner Jones headed for showdown

California Insurance Commissioner Dave Jones and the state’s insurance companies are headed for a legal showdown over whether his power to regulate premiums includes a responsibility to provide insurers with a fair profit.

A suit filed against Jones by Mercury General Corp., one of the state’s most aggressive issuers of auto and other personal insurance, is the latest skirmish in the 25-year-long legal and political maneuvering over the impact of Proposition 103, the 1988 ballot measure giving the insurance commissioner more rate-setting authority and making it an elective position.

On Tuesday, five national and state insurance trade organizations asked permission to intervene in the Sacramento Superior Court case, saying its outcome could
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