| No need to swerve on insurance
AUTO INSURANCE rates in Massachusetts are going in the right direction -- sharply downward. Insurance commissioner Nonnie Burnes should steer clear of any policy changes that interfere with this beneficial trend. In the coming days, Burnes is expected to lay out the Patrick administration's 2008 course on auto insurance. The options range from maintaining the current system that flattens rates for mostly urban and young drivers all the way to deregulating rates and allowing insurers to set their own premiums. Many urban drivers fear that a dramatic swerve from the current system could increase their annual bills by 25 percent or more. Many suburban drivers would welcome a deregulated system that relieves them of the roughly $100 they now pay annually to subsidize urban and inexperienced drivers who are more vulnerable to accidents and theft.
'Where to' Can Determine 'How Much' For Car Insurance
(NewsUSA) - Did you ever think that where you drive your car could determine your automobile insurance deductible? It did for Andrew and Celeste Parker of Tulsa, Okla. The Parkers were headed home from their weekly church service when they hit a pipe in the road that damaged their tire. And while their usual deductible is $1,000, they walked away without paying a dime because they were on their way home from a religious service. The Parkers' story may seem surprising, but customers nationwide are adopting similar policies through GuideOne Insurance. FaithGuard policies, which offer added protection to drivers headed to and from faith-based events, more than doubled in 2006. The company has offered auto insurance, with special benefits for churchgoers, for two years, and the policies include people of all religions.
Thousands To Get Car Insurance Rate Cut
SAN DIEGO -- State insurance officials announced Tuesday Geico General Insurance Company will cut auto insurance rates for its 436,000 California policyholders. Those affected will see an average of a 10.8 percent cut to comply with state rules requiring rates to be primarily determined by driving records. The rate cuts will go into effect August 30th and translate into an average savings of $150 per policy. The California Department of Insurance said today that rate reductions by the Washington, D.C.-based insurer amount to $65.8 million. .
PMSI partners with insurance cost manager
PMSI will be the exclusive provider of retail and mail-service pharmacy and clinical services to individuals injured in auto and workers' compensation related accidents covered under ICS' participating insurance providers. In addition, PMSI will become a preferred provider to ICS for the selection and delivery of medical services and equipment. .
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