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Auto insurance (or auto insurance, car insurance, motor insurance)
from:Automobile insurance, known in the UK as motor insurance, is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the insured's vehicle itself. Throughout most of the United States an auto insurance policy is required to legally operate a motor vehicle on public roads. In some jurisdictions, bodily injury compensation for automobile accident victims has been changed to a no-fault system, which reduces or eliminates the ability to sue for compensation but provides automatic eligibility for benefits.
Vehicle insurance (or auto insurance, car insurance, motor insurance) is insurance people can purchase for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of traffic accidents. An insurance company may declare a vehicle totally destroyed if it appears replacement would be cheaper than repair.
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Insurance News
Insurance chief says AIG bailout was unavoidable (Reuters via Yahoo! News)
Washington policy-makers had no choice but to rescue American International Group Inc after a dramatic investor crisis left the giant insurer starved for cash, New York insurance chief Eric Dinallo told lawmakers on Tuesday.
Read more...FDIC chair: Higher insurance to boost confidence (AP via Yahoo! Finance)
The head of the FDIC says the new increase in federal deposit insurance limits will not solve all banking industry ills but will bolster public confidence in banks' safety. And she said a resolution was near in the legal tussle between Citigroup and Wells Fargo over which one will buy Wachovia.
Read more...Satisfaction gap with home, car insurance widens (AP via Yahoo! Finance)
Consumers are growing more satisfied with their auto insurance, but not so with their homeowners insurance, a survey by J.D. Powers and Associates shows.
Read more...Sector Snap: Insurance companies tumble (AP via Yahoo! Finance)
Shares of insurance companies mostly tumbled Monday afternoon along with the broader market as investors fears grew that the ongoing credit crisis will dampen economies globally.
Read more...KBW analyst cuts EMC Insurance estimates (AP via Yahoo! Finance)
A Keefe, Bruyette & Woods analyst downgraded and set lower profit estimates on EMC Insurance Group Inc. on Monday, saying the stock is expensive for its projected profits.
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