So your teenager needs a car. Or maybe you need the teenager to have a car so you can get out of the chauffeuring business.
But not a new car, right? No child needs that. Still, it has to be safe, with all of the latest safety equipment so if the driver does get careless, possibly as a result of texting, the car electronics will step in to help avoid a crash. Continue reading
First, let’s be clear – this is only a SMALL sampling of simple questions agents and underwriters fail to ask! There are dozens of simple, common sense questions that are often skipped – why remains a mystery.
Second, this article does not provide every answer or option available for each of these questions. This is not intended as a text book, the point of this short article is to raise your awareness of the need to ask questions, even or especially those that may seem basic. Because if you don’t ask, the lawyers will (and juries will be very interested in the simplicity of the questions). Continue reading
State legislators in Ohio and Florida are moving ahead with regulations governing Uber and other ride services that would designate all drivers as independent contractors, bolstering a critical but much-disputed aspect of Uber’s business model.
The states would join North Carolina, Arkansas, and Indiana in requiring the contractor designation as part of new laws governing so-called transportation network companies, a Reuters review of state legislation showed. Continue reading
More than half (56 percent) of the 1,135 drivers participating in an Insurance Research Council (IRC) public opinion survey said they have made changes in how they drive since installing a telematics device provided by their insurance company in their primary vehicle. Continue reading
The weather outside is frightful… ok not quite here in Las Vegas, but it is chilly. The holidays are around the corner and, with many Americans already holiday shopping, the busiest retail season has begun. Yes I hate to admit it, I am one of them. While consumers are more driven to buy early, save money, and get the deal before it is too late, one should consider safety when it comes to holiday shopping. If you venture out on black Friday to score some major deals like me, be sure to take precautions when “stuffing” the car. Continue reading
While a full definition is hard to come by, price optimization generally refers to an insurer’s practice of varying rates based on non-risk-related factors. Price optimization involves analysis and incorporation of data not related to expected cost for risk characteristics — that is, it involves factors not related to expected loss and expense experience. Such data may include the prior year changes in premium and whether policyholders renewed subsequent to such change. Continue reading
Results from recent child car seat inspections in New York indicate that parents need to do a better job of buckling up their little ones.
Gov. Andrew Cuomo’s office says 931 car seats were inspected at a series of state-run safety checks earlier this fall. Only 112 seats were installed correctly. Continue reading
By: Andrew G. Simpson (Insurance Journal) October 2015
By the time today’s millennial insurance … Continue reading
