The New York Department of Insurance has released its annual ranking of insurance companies based on complaints received by the department throughout 2008. Several companies, which had zero complaints upheld against them, tied for top ranking, while while Long Island Insurance Co. received the lowest ranking with the most upheld complaints per million dollars in premiums.
Progressive Insurance will be tracking how you drive — if you want
Lower rates look to provide relief to drivers in 2010
CLEVELAND, Dec. 8 /PRNewswire/ — Insurance.com, the largest independent online auto insurance agency in the United States, today released its RateWatch report, which found that car insurance rates across the nation declined 3.5 percent in 2009 to $1,803 per year. After dramatic rate increases of 8 [...]
December 08, 2009: 12:51 PM ET
As drivers turn to the Internet to buy auto insurance, an insurer that has relied heavily on agents to sell its insurance will revamp.
“Our goal is to have fewer, larger agencies that provide a more consistent experience for our customers,” said Thomas J. Wilson, chief executive of Allstate Corp. (ALL), [...]
December 09, 2009: 10:19 AM ET
Auto insurance premiums rose for Progressive Corp. (PGR) in November from the previous year, but the number of policies rose even more, as the weakened economy makes it difficult for auto insurers to raise prices.
Progressive, which reports its results monthly, said its November net profit was $80 million, or 12 [...]
By Chad Hemenway, BESTWIRE
LOS ANGELES, CA — California-based Consumer Watchdog, a nonprofit consumer advocacy organization, said Mercury Insurance has threatened to sue the owners of a billboard the group used to display a statement that reads, “Consumer Watchdog says: You can’t trust Mercury Insurance.”
The billboard posting, written in bold black letters over a yellow background, [...]
California Drivers Have Saved $62 Billion in 20 Years Under Similar Rules and Have Among Most Competitive Insurance Markets in Nation
WASHINGTON, Dec. 1 /PRNewswire-USNewswire/ — A proposed ballot measure would allow Michigan voters to weigh in on consumer-oriented insurance reforms that have saved California drivers an average of $3 billion per year since being enacted [...]
By Doug Heller
Insurance rates for millions of Californians will jump dramatically if Mercury Insurance has its way. The auto insurance giant is circulating a proposed initiative that would allow insurers to surcharge people with a lapse in their auto insurance, even if the reason for the lapse was that they had stopped driving for a [...]
As millions of Americans look for ways to stretch their budgets to survive these tough economic times, too many are not utilizing all of the discounts that may be available to them in their homeowner and auto insurance
Attorney General Jerry Brown rewrote the official summary of a ballot measure sponsored by Mercury Insurance Company to omit the fact that it will raise auto insurance premiums.