Body Shop Owner Going To Jail For Fraud….
In a release by Farmers Insurance this past week, a San Jose body shop owner is going to prison for insurance fraud.
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Archive for August, 2008
Current Auto Claims Industry Parts Usage Analysis
Current industry parts usage data shows ( Used Parts ) and aftermarket utilization has been increasing with OEM experiencing a downward trend.
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Data source: © 2008, AutoClaims Direct, DirectLink
The New Repo Man….
An interesting look into the current state of the auto repossession industry. The use of technology is helping centralize data and streamline the process. This article gives some insight into the industry.
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Assembly Bill 2800 In California Regarding Auto Insurance Rates…
California State Assembly Bill 2800 is one to keep an eye on….
This bill allows insurers to apply a different
rating factor for insurer-verified miles driven annually
for purposes of automobile insurance rates.
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CURRENT BILL STATUS
MEASURE : A.B. No. 2800
AUTHOR(S) : Huffman (Coauthors: Adams, Aghazarian, Berryhill,
Blakeslee, Plescia, and Smyth) (Coauthors: Senators
Kehoe, Lowenthal, Maldonado, and Scott).
TOPIC : Automobile insurance: rates.
HOUSE LOCATION : SEN
+LAST AMENDED DATE : 08/14/2008
TYPE OF BILL :
Active
Non-Urgency
Non-Appropriations
2/3 Vote Required
Non-State-Mandated Local Program
Fiscal
Non-Tax Levy
LAST HIST. ACT. DATE: 08/14/2008
LAST HIST. ACTION : Read second time, amended, and to third reading.
FILE : SEN THIRD READING
FILE DATE : 08/27/2008
ITEM : 85
COMM. LOCATION : SEN APPROPRIATIONS
COMM. ACTION DATE : 08/07/2008
COMM. ACTION : Do pass as amended.
COMM. VOTE SUMMARY : Ayes: 14 Noes: 00 PASS
TITLE : An act to amend Section 1861.02 of the Insurance Code,
relating to insurance.
Women Across The Pond Risk Auto Accidents To Look Good…
In the effort to look good driving, 3.8 million women in the United Kingdom forgo their glasses. Those surveyed claim they don’t want to look unattractive behind the wheel. Nearly 2.1 million have been involved in a collision or close call according to the article. If those numbers are accurate for the UK, one wonders how many drivers here in the U.S.( men and women ) are driving without the glasses they need.
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CA Insurance Commissioner Announces Pay-As-You-Drive Auto Insurance.
In a press release by the California Department Of Insurance, Commissioner Steve Poizner officially made the new pay-as-you-drive insurance available in California. Privacy rights groups have opposed this but under the new regulations consumers could verify mileage by odometer readings, automotive repair records, or a technological device used to collect mileage data. This new insurance is strictly voluntary. Before the new regulations would take effect, ( sometime likely in 2009 ), it will have to allow for public involvement first.
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Auto Parts Suppliers Facing Bankruptcy?
With a difficult economy, reduced auto sales and fewer people driving, the auto parts business is getting more difficult. In a recent article we found, some auto parts makers may be facing bankruptcy.
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14.3% Higher Injury Claim Costs In Lighter Vehicles….
The IRC ( Insurance Research Council ) News Release documents higher injury claim costs when lighter vehicles are involved.
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Traffic Fatalities Drop To Lowest Level Since 1961….
In article yesterday according to the Transportation Research Institute at the University of Michigan, Higher gas prices may be leading to the dramatic drop in vehicle accident deaths.
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185,000 Vehicle Titles Washed In 2008 According To Experian.
Experian today released a report documenting nearly 15% of damage vehicles ran through their AutoCheck system had washed titles when re-registered in another state.
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