Christmas Has Lowest Car-Theft Rate as Criminals Wait

Christmas Day has the lowest auto-theft rate of the year in the U.S., as criminals spend time with their families and put off stealing until warmer months.

There were 1,432 thefts reported on Dec. 25, compared with more than 2,400 on peak days in June, July and August of last year, according to astatement today from the National Insurance Crime Bureau. It was at least the second straight year in which Christmas was the day with the fewest thefts.

June through August tends to be the busiest time for car thieves as drivers spend more time on the road. Those are also months when teenagers are on break
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7 Dangers of Decking the Halls

In the midst of the holiday season, many families embrace the spirit of the season and festively decorate their homes to celebrate. For most Americans, the holiday season would not be the same without colored lights, Christmas trees, or halls decked with boughs of holly.

Holiday décor is part of what makes the season special, but it is important to take safety precautions when prepping the home for the holidays.

Click here to read the entire article and scroll through the 7 slides.

Connecting with Customers Electronically

PIFC strongly believes that the state government should empower consumers to choose in what manner they receive communications from their insurance company, and not be limited to delivery through the US Mail system.  Not surprisingly, many consumers are turning to the internet to facilitate their insurance needs and that trend is only growing.  Unfortunately, much of the California Insurance Code was written in the 1940’s and has not been modernized to reflect all the choices today’s insurance consumer should have.

In 2013, members of the legislature and the governor recognized the shortcoming in existing law and passed a bill allowing consumers to opt-in to receive their home and auto renewal documents
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Clear and Fair Insurance Rates

California’s rules for establishing an insurance rate are unusually complicated, unpredictable and problematic. As such, creating a predictable system for calculating adequate insurance rates is the single most important issue to PIFC.  Without predictability and fairness in ratemaking, Californians are limited in their ability to choose the products, service, rates and discounts that best fit their needs.

California’s insurance rating law is outdated, and has not been updated in over twenty years.   The current law, established by ballot measure (Proposition 103) in 1988, did the following:

Created a statewide elected Insurance Commissioner, replacing the Governor’s appointee.
Established a “prior approval” rating system, where insurers are required to obtain the Commissioner’s prior approval before
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NICB Reports Small Decline in Motorcycle Thefts in 2012

DES PLAINES, Ill. – The National Insurance Crime Bureau today released a report on motorcycle thefts in the United States for 2012. The report is based on National Crime Information Center (NCIC) motorcycle theft data for 2012. A total of 46,061 motorcycles were reported stolen in 2012 compared with 46,667 reported stolen in 2011—a decrease of 606 thefts or 1 percent.  

American Honda Motor Company, Inc. had the highest reported thefts in 2012 with 9,082. In second place was Yamaha Motor Corporation with 7,517. American Suzuki Motor Corporation (7,017), Kawasaki Motors Corp., U.S.A. (4,839) and Harley Davidson, Inc. (3,755) round out the top five makes.

California was the state where
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5 apps to prevent distracted driving

As my 15-year-old son gets ready to take his driver’s education course, get his learner’s permit and head down the path to a life of driving, I worry about how to get across this one simple message: No texting while driving.

The statistics are striking. And, it’s worth stopping and absorbing them with your teenager. According to FCC.gov, ”The National Highway Traffic Safety Administration reported that in 2010 driver distraction was the cause of 18 percent of all fatal crashes – with 3,092 people killed – and crashes resulting in an injury – with 416,000 people wounded.”

And, of more relevance to teens, Distraction.gov says, ”11 percent of all drivers under the age of
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We Are Agents of Change

Sacramento, CA– On the eve of an annual diversity summit hosted by the California Department of Insurance, the insurance industry itself is taking careful stock of its little-noticed impact on African-American communities across the state.

In a report released earlier this year, the industry’s increased profile in the African-American community was initially detailed in a report earlier this year, entitled “The Insurance Industry’s Impact on California’s Economy.”

The 26-page study looked at a number of topics, focused on how the industry provides employment; contributes to California’s infrastructure; helps builds communities with through procurement diversity; and conducts outreach through close ties to charitable nonprofit organizations.

According to the report, Californians bought life insurance coverage
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22 Insurance Fraud Ring Members Nabbed

 

By Christina Bramlet  Property Casualty 360

Following an investigation spanning two years, dozens of witness interviews, and examination of thousands of documents, a Calif. Grand Jury has indicted 22 suspects on more than 100 felony counts.
California Insurance Commissioner Dave Jones reported that the indictments were handed down by a Contra Costa County, Calif. Grand Jury on September 22, 2011 and that bail for the suspects has been collectively set at $18,650,000.
Meanwhile, investigators are still unraveling the extent of damage inflicted on the insurance industry as a direct result of the alleged fraud schemes. The current loss projection, which encompasses both tangible and potential damage amounts, ranges between $300,000 and $500,000.
Commissioner Jones
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