Car Insurance Roundup, March 1, 2016


Get Car Insurance Quotes Online – A New Blog Post Explains How!

 By comparing auto insurance quotes drivers improve their chances of finding cheaper coverage. Studies show that drivers who compare quotes pay 25% less on premiums. It is always important to analyze the insurance market before signing a policy. This not only cuts costs, but car owners can also find better financial security for their vehicles. 


New auto insurance monitoring for police goes into effect | News & Observer

A new real-time auto insurance monitoring system is now being used in some parts of Louisiana to help police enforce the requirement that drivers are up to date on paying their premiums.

The American Press reports (http://bit.ly/1n8gzsL ) the new monitoring system is being rolled out in three phases, beginning with trial runs by state police in Baton Rouge and Monroe that started on Sunday.

It will be launched statewide for all state police troops next before eventually being open to all police, according to state officials.

Previously, police could only check to see if a driver had an insurance card and not if coverage had lapsed due to non-payment. In a recent report by the Insurance Research Council, 12 percent to 15 percent of Louisiana motorists are uninsured. The report, released in 2014, was based on the number of insurance claims made by people who were injured by uninsured drivers compared with those hurt by insured drivers. 


How insured is your car in the UAE? – graphic | The National

Twenty per cent of cars in Dubai are under-insured, according to MoveSouq and Qatar Insurance Company. The two companies surveyed over 45,000 cars, trucks and SUVs in the UAE and found an 80/20 split between cars that have comprehensive (full protection), as opposed to third party liability (TPL) insurance, which provides limited to no protection for a driver or their car if they cause an accident. According to the study, the Toyota Land Cruiser and the Nissan Patrol are the most frequently under-insured cars. Under-insured cars are those covered only by a third party liability policy, despite being eligible for comprehensive insurance. The infographic assesses the insurance of the 10 most popular cars in the UAE based on the number of requests for insurance received by MoveSouq and QIC. 


Barclays Capital Reaffirmed Admiral Group PLC (LON:ADM)’s “Equal weight” Rating | Franklin Independent

Out of 17 analysts covering Admiral Group PLC (LON:ADM), 3 rate it “Buy”, 6 “Sell”, while 10 “Hold”. This means 16% are positive. GBX 2000 is the highest target while GBX 1184 is the lowest. The GBX 1566.18 average target is -10.56% below today’s (GBX 1743.99) stock price. Admiral Group PLC was the topic in 44 analyst reports since August 17, 2015 according to StockzIntelligence Inc. UBS maintained the stock on February 26 with “Neutral” rating. Canaccord Genuity maintained it with “Hold” rating and GBX 1550 target price in a January 29 report. RBC Capital Markets maintained the shares of ADM in a report on February 12 with “Underperform” rating. Bernstein maintained the firm’s rating on January 15. Bernstein has “Outperform” rating and GBX 1750 price target. Finally, Deutsche Bank maintained the stock with “Hold” rating in a February 1 report. 


Introduction of emergency fees is fair, but … | The National

The introduction of ambulance fees in motor insurance is a brilliant initiative (Car insurance premiums could rise as emergency fees imposed, February 28). It is clear to see that fining people has been no deterrent to date.

Let’s hope the authorities can work out who caused the 40-car pile-up in fog to apportion blame or perhaps they should just charge all of the 40 drivers for the number of ambulances required at the scene.

However, there are always people out there who like to sabotage a bright idea. For example, when an accident is reported, the victim may request an ambulance even if one is not really needed just to get back at the person who caused the accident (unfortunately there are vindictive people in society). How can this be avoided? 


1,700 British charities are run as businesses alongside non-profit operations | Daily Mail Online

Some 1,700 organisations that claim to be charities are also operating as money-making businesses, the charity regulator revealed yesterday.

The figure was uncovered by the Charity Commission in the wake of a scandal over the methods used by Age UK, which made millions by using its name to promote household energy deals that were not the cheapest available.

While Age UK rejects the allegations and E.On says its tariffs are competitive, commission chairman William Shawcross ordered an immediate review by all charity trustees of their organisation’s commercial activities.

He warned that those which do not clean up their operations risk being stripped of their charitable status. 


Michigan living costs 11% below U.S. average and 6 other facts on cost index | MLive.com

Say this about Michigan: It’s an affordable place to live.

To maintain the same standard of living, a Grand Rapids resident earning $50,000 would need a salary of $87,000 in Washington, D.C.; $71,000 in Portland, Ore., and $58,418 in Chicago, according to Sperling’s Best Places, a website that compares the cost of living in communities around the country.

Sperling’s looks at costs of housing, health care, groceries, utilities, transportation and miscellaneous expenses, such as entertainment. It scores each community and compares that to the national average, which is scored at 100. Communities with a score over a 100 are more expensive than average and those less than a 100 are more inexpensive places to live. 


Legislators Hope to Save License Suspension Reform Bill | NBC 6 South Florida

As the Florida legislative session nears its end, some lawmakers are in a race against time to correct what they say is an injustice to the working poor: the suspension of driver’s licenses for reasons unrelated to driving violations.
License suspensions can result from a minor infraction and can lead to thousands of dollars in debt as collection charges pile up and people can’t get their licenses back, said Sen. Jeff Brandes, R-St. Petersburg. 


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