Wondering if people are pleased with their auto insurance coverage? There is a survey going on at onlineinsurancemarketplace.com’s facebook page (click here) gauging what people think. Should be interesting to see the results as maybe they will give insight on how companies are doing with service and premiums. Carriers may want to pay attention.
In California a wealthy insurance chairman throws his support behind an upcoming vote on a ballot issue. Its about consumers having continuous coverage. See the story at californiawatch.org by clicking here. There are arguments for an against the issue. Will it lead to lower premiums or higher auto insurance rates? Will it cause there to be more competition or will it give carriers an excuse to bump up what they will charage for coverage?
With current state of the ecomony being what it is it seems like scammers are focusing on defrauding auto insurance companies. Check out the story on cbsnews.com by clicking his link. They give examples on how people in Florida are actually setting up accidents on purpose in order to get money out of carriers. The situation in Florida with no fault has gotten way out of control and I see so many stories about it coming out. Lawmakers there really need to think and act quickly to reform the rules because letting these type of shenanigans continue will hurt the insurance businesses in the state and ultimately the consumers.