insurance companies Archives

30Jun 2023 by Charles E. Price

Lerner & Rowe Announces Updated Legal Services for Phoenix Truck Accident Claims

Mesa, Arizona--(Newsfile Corp. - June 26, 2023) - Lerner and Rowe Injury Attorneys have announced updates to legal services offered to individuals in the Phoenix area who may be suffering from severe injuries incurred in a motor vehicle accident, including car , truck and big rig incidents.The updated range of legal solutions from Lerner and Rowe Injury Attorneys aims to assist individuals who may be experiencing physical, emotional, and financial struggles following a major accident. The firm's goal is to help people receive justice and a fair settlement from insurance companies that may try to undervalue a client's injury claim.Further details can be found at: https://lernerandrowe.com/phoenix/practice/truck-accident-attorney.Lerner & Rowe Announces Updated Legal Services For Phoenix Truck Accident ClaimsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8814/171225_c4a50069141c3917_001full.jpgWith legal advice from the…

09Mar 2023 by Charles E. Price

Debt Exchange: NIC to suspend minimum capital requirements, CAR of insurance firms for 2 years

INSURANCE

Dr. Justice OforiAs part of measures to mitigate the impact of the Domestic Debt Exchange Program on insurance companies, the National Insurance Commission will place a moratorium on the Minimum Capital Requirements (MCRs) and Capital Adequacy Ratio (CAR) on the insurers.This means the MCR and CAR will not be enforced but regulated entities will be required to operate in such a way as to be able to pay claims and operate expenses.The current minimum capital requirement of life and non-life Insurance companies is ¢50 million, whilst the CAR is 14.2%.In a letter to the insurance firms on draft regulatory forbearances to mitigate the impact of the Domestic Debt Exchange on insurance and reinsurance firms signed by the Commissioner of Insurance, Dr. Justice Ofori, the NIC said there would be a…

08Mar 2023 by Charles E. Price

Can You Claim Insurance for Damage Due to Waterlogging in Car Parking?

INSURANCE

For many car owners, it might be tough to claim insurance for damage caused by waterlogging in parking areas The heavy rainfall in many parts of the UAE has left many car owners in a rather sticky situation. While insurance would cover water damage to at least some extent, many might find themselves having a tough time to claim insurance for damage due to waterlogging in parking areas. You may also like: Traffic Fines Now Up to Dh50,000 in UAE: 8 Violations That Radars Can Detect Cars submerged in water in parking areas in UAE. You may also like: Cars of Shahrukh Khan in Dubai – VIDEO Many Low-lying Areas Submerged in Water Hence, it's advisable for all car owners to avoid parking their vehicles at spots that are prone…

07Mar 2023 by Charles E. Price

Commercial, private drivers do not see any benefits from vehicle insurance

INSURANCE

The report noted that 82% of Ghanaian drivers often did not have an interest in filing complaints The majority of drivers, both commercial and private, do not see any benefit from insurance companies in Ghana due to perceived unwillingness and refusal of payment of claims.The event, which brought together stakeholders from various sectors took place on Wednesday January 25, 2023 in Accra, to launch the YAFO “Driver MO” report and to find ways of improving the insurance sector.Nathaniel Dwamena, President of YAFO, said that most drivers expressed dissatisfaction with comprehensive insurance as it is expensive compared to income levels.He said the drivers only showed interest in vehicle insurance because it was mandatory and enforced by the police.He said drivers complained about delays in insurance claims and sometimes to the extent…

01Mar 2023 by Charles E. Price

YAFO launches 2022 ‘Driver Mo’ report on vehicle insurance

INSURANCE

The Young African For Opportunities (YAFO), an insurance think tank based in Accra, has launched the 2022 exploratory report on motor vehicle insurance experience in Ghana. The 'Driver Mo' report was based on exclusive research based on vehicle insurance advocacy in Ghana. The report is also aimed at stopping alleged police harassment of drivers, and igniting behavioral driver changes by advocating for better vehicle insurance policies that are market-driven and responsive to the needs of drivers. Mr. Nathaniel Dwamena, YAFO Project Lead, told the Ghana News Agency that the report would help transform the motor vehicle insurance industry in the country. The YAFO Founder identified administrative bottlenecks, illiteracy rates among the clients, and the insurance companies as major hindrances to insurance penetration that needed to be addressed so as to…

16Feb 2023 by Charles E. Price

Whose Insurance Do You Call?

INSURANCE

If someone hits your car, call your insurance company. Any other parties involved should call their insurance companies as well. And as long as you've all exchanged information, the insurance companies can sort out who covers what.In the case of determining who is at fault for an accident, a police report can come in handy. This is why it's important to document everything you can and collect a report about the accident to give to your insurance company.Let's explore more about whose insurance to call if someone hits your car, including the steps to take after an accident and what expenses different types of car insurance typically cover.See how much you could save on auto insuranceWhat to do if someone hits your carAlthough it's an important step, calling your insurance…

13Feb 2023 by Charles E. Price

Car insurance premiums are on the rise

INSURANCE

Some Ontario insurers have received approval for the rate hikes as high as 15 per cent THUNDER BAY — Many drivers can expect to experience sticker shock when their car insurance policies come up for renewal this year. In Ontario, the Financial Services Regulatory Authority has already approved insurance companies' applications for rate increases as high as 11 to 15 per cent, while others have been granted smaller hikes. "Insurance rates are going to go up in the near term, because we've already seen rate approvals at FSRA come in. An insurer operating in Ontario has to apply to FSRA if they want to raise rates. It will look at the application and say 'Yes, that makes sense based on your numbers. Your costs have gone up,' " explained John…

08Feb 2023 by Charles E. Price

Car insurance rate hikes are here in Washington state

INSURANCE

Bad news for most drivers – car insurance premiums are going up, and it doesn't matter if you have a clean driving record. That means some people will be in for a bit of sticker shock. People who've renewed for the year are already reporting rate hikes from $12 to $18 per month. Follow this link to read additional stories from KIRO Mariano Harris, a Renton driver, said his rates are increasing by about $200 this year. “Mine is ridiculous,” Harris said. “It's terrible. Especially when you don't get that much on your job.” Combined with inflation and other rising costs, Harris said he's had to come out of retirement and go back to work. “My friend's insurance just did just the other day, and she's like, 'Why did my…

05Feb 2023 by Charles E. Price

Insurance companies request a 28.4% rate increase for auto insurance in North Carolina

INSURANCE

Insurance companies want to raise drivers' rates for car insurance.The North Carolina Rate Bureau represents insurance companies in their dealings with state leaders. The bureau submitted a filing to the North Carolina Department of Insurance to increase prices on auto policies statewide by 28.4%, North Carolina Insurance Commissioner Mike Causey announced Thursday.Any change would become effective on Oct. 1.Causey is set to review the request to determine whether the requested increase is justified and to negotiate with the bureau rate.If the department does not agree with the requested increase, it can negotiate a settlement or call for a hearing.North Carolina law requires the bureau to submit auto rate filings with the department each year by Feb. 1.A Value Penguin study cited an S&P data report showing North Carolina's annual car…

04Feb 2023 by Charles E. Price

Insurance companies dropping new Kia, Hyundai policies

INSURANCE

At least two major insurance companies are not issuing new policies in certain areas for certain Hyundai and Kia vehicles. Here's what drivers need to know. If you own a vehicle from two manufacturers, you may not be able to have it insured by some major companies, a social media post claim. "Major car insurance companies plan to drop Hyundai and Kia from their plans due to thefts!" the poster claimed in a viral tweet on Jan. 30. Recent online search data also shows that Hyundai and Kia drivers are looking for information about insurance policies. THE QUESTION Have some car insurance companies stopped covering Hyundai and Kia models due to thefts? THE SOURCES THE ANSWER Yes, some car insurance companies have stopped covering Hyundai and Kia…

Tag: insurance companies