In the midst of moving from Atlanta to St. Louis last year, Thomas Nitzsche discovered his parked rental car had been hit by another car, causing $791 in damage.
To keep costs low, he had rejected the “collision damage waiver” (CDW) insurance offered by the rental car company, which can run as much as $45 a day and can include a deductible. Continue reading
As you may have heard, the on-demand car-service juggernaut lost a case early this month before the California Labor Commissioner on whether a driver was an independent contractor or an employee, and thus eligible for expense reimbursement. Uber is appealing that ruling in court, but it already faces a class-action lawsuit over the same issue in federal court in California and similar fights in Florida and Massachusetts. Continue reading
Roughly three quarters of ridesharing drivers don’t have ridesharing insurance, and nearly eight-in-10 conduct their ridesharing activities covertly and keep their insurer or agent in the dark.
Two informal polls from a popular Forbes blogger known as The Rideshare Guy show there’s a lot of ridesharing going under the radar of insurance carriers and their agents despite the prevalence of livery exclusions in personal auto policies. Continue reading
The majority of property/casualty insurers do not expect autonomous or self-driving vehicles to have a real impact on their auto insurance business for another decade and have not adjusted their business models to prepare for the disruption.
Many insurer executives also believe that government will slow the introduction of autonomous vehicles. Continue reading
There is no denying how important protecting your business is to your life and your livelihood. One of the necessary precautions to protect your business’ auto liability is having a solid commercial auto insurance policy that protects you, your company vehicles, and any of your employees that drive those vehicles. Continue reading
Americans who worry about dying worry about the wrong things.
That’s according to the National Safety Council, which kicked off National Safety Month by unveiling its annual list of Americans’ “Odds of Dying” from various causes. Continue reading
Japanese air bag manufacturer Takata Corp. is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, making it the largest automotive recall in American history, U.S. safety regulators said on Tuesday. Continue reading
It is time to renew your policy. Hopefully you received a letter from your insurance agent suggesting an annual review of your policy needs. Maybe you even received a personalized phone call to help explain your rate for the coming year and options to offer you more coverage. Either the insurance carrier or your trusted insurance agent can send you a notice; but you have to make the decision if you would like to stay with your current carrier or shop around. Continue reading
