Lawmakers say a fight between Nevada’s taxicab industry and Uber, the ride hailing company that operated in the state this fall before a court decision prompted it to shut down, could be the biggest transportation issue this session in the Nevada Legislature. Continue reading
A new study estimates that fraud and claim “build-up” add between $5.6 billion and $7.7 billion in excess payments to auto injury claims paid in the United States.
The excess payments represented between 13 percent and 17 percent of total payments under the five main private passenger auto injury coverages, according to the study from the Insurance Research Council (IRC) of 2012 claims data. Continue reading
The Obama administration is calling again to disallow the deduction for excess nontaxed reinsurance premiums paid to affiliates.
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The top five states in which a person was most likely to file an auto claim last year were all on the East Coast.
December had the lowest volume of all vehicle claims of any month.
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Most insurance companies like to reward good drivers. Let’s face it, being a good driver to an insurance company is like hitting the lottery; no at fault claims, just a nice monthly payment for them to bank… After all, car insurance is really just an insurance company taking a gamble on individuals driving skills. The carrier just hopes they don’t have to pay out big. Much like a Las Vegas casino tries to predict the over under in a football game… Continue reading
The connected car is with us for good. When I present to organizations or groups such as at this year’s IBIS symposium in Barcelona or the ICAR Conference in Detroit, I always clarify that up front. For me that is an important component when looking at the strategic landscape. Continue reading
Many local Las Vegas residents are, once again, considering buying a home in the valley. Last month in, “How to Save on Homeowner’s Insurance When Buying a New Home” (link) I explained how homeowner’s insurance is an added cost to the “Price Tag” of a home. Continue reading
The U.S. auto safety regulator has told Japanese supplier Takata Corp. and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal. Continue reading
