Berkshire Hathaway GUARD Insurance Companies will begin testing advanced safety technology from Safe Drive Systems with a select group of vehicles in client fleets to see if the radar-based collision avoidance technology can reduce insurance claims.
The top 10 list, released by the Highway Loss Data Institute, includes large pickups from Ford and Ram.
Insurers made increasingly higher payouts for hail damage to vehicles in three of the four years ending with 2014 than in the earlier three years of a seven-year study completed by the Highway Loss Data Institute.
State Farm offers advice to help drivers identify the signs of a staged collision aimed at committing insurance fraud.
Even if the vast majority of damage claims are handled properly, it doesn’t take many incidences of abuse to erode the auto rental industry’s trust with consumers. The industry needs to be consistently and actively engaged in reducing the number of damage claim disputes.
WASHINGTON - In response to the current economy, nearly 20 percent of drivers on the road have reduced or canceled their car insurance coverage for immediate financial relief, according to a newly released survey from the National Association of Insurance Commissioners (NAIC).
Slow retail sales have prompted not only closure of assembly plants, but also component factories, which is delaying parts deliveries. OEMs are also hiking parts prices, with some experiencing double-digit percentage increases.
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