Most would agree that car insurance rules in Florida needs to be changed but it looks like law makers can’t figure out how to go about getting concensus on what should be done. The story is found on miamaherald.com and is available be going here. Right now the no fault situation in the state of Florida is out of control with fraud ringing up in the 1 billion dollar range. I wish them luck as fixing this problem as it will be anything but easy. Maybe its not a bad thing that there are competing prosposals. They have to find the right resolution to deal with the car insurance no fault problem that seems too fraudently tempting to many who are taking advantage of it.
Here is a scary thought: Getting in an accident with a super expensive vehcicle. This should be especially fearful for those that have low liability auto insurance protection limits. Fox Business talks about the scenario of getting in an accident with a Bently and can be read by clicking here. It should be an eye opener for most.
Are auto insurance companies lined up to start competing for people’s banking business? Well that just might be the case as Allstate has jumped in the business of offering bank accounts. Read more here from localizedusa.com. Its seems like many people have become disillusioned with the banks in the past few years and want alternatives. Competition could be welcomed because it benefits the consumer generally with less expensive or free services and perhaps reminds institutions that they aren’t the only one’s that serve people’s needs. At the very least banks have the chance to learn what people want from this. Will other insurers start entering into this business as well? Could be worth keeping a close eye on to see what happens.