January Online Auto Insurance News Wrap-Up

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Online Auto Insurance News summarizes some of the biggest stories in the industry that broke in January 2012

A ruling on coverage of “teenage horseplay” in Florida, reports of tens of millions being recovered for consumers, new statewide premium rankings, qualification of a coverage-related ballot measure in California, and cleared hurdles for Florida no-fault reform. The following summary sheet wraps up some of the most significant car insurance news developments covered at News.OnlineAutoInsurance.com in January:

  •     In a move that would drastically change Florida’s auto insurance system, two House committees have given the OK to a bill that would wipe out personal injury protection coverage in the state and replace it with a type of policy that would only pay for medical services associated with emergency conditions. It must gain the approval from one more committee before being considered by the full House.
  •     The National Association of Insurance Commissioners released its latest report on average coverage prices around the nation. The data show that Louisiana still is still ranked as having the highest average premiums—$1,270—and Iowa still has the lowest—$631. The nationwide average cost of a policy with liability, comprehensive and collision coverage was about $901 in 2009, according to the report.
  •     California officials announced residents will be getting a second chance to vote on whether insurers in the state should be able to raise or lower the cost of a policy based on a driver’s prior coverage history, regardless of who provided that coverage. Insurers currently can only give a discount if they were the ones who issued the previous coverage.
  •     Regulators in North Carolina, Michigan, California and Missouri announced that they recouped a combined total of more than $142 million for consumers in 2011.
  •     In a case that revolved around the language of car and homeowners policies, the 4th District Court of Appeals in Florida ruled in Sunshine State Insurance Company v. Christopher Jones that a teenager’s reaching across from the passenger seat to grab the steering wheel did not constitute “use” of the vehicle and that his car insurer would not have to pay for damages partly caused by his grabbing the wheel.
  •     State Farm announced that it would be bumping up rates for Delaware auto policyholders by an average of 1.9 percent starting at the end of February.

To get the full stories about these and related news developments, head to http://news.onlineautoinsurance.com/ to check out the only site on the Web devoted to publishing nothing but the latest news in the U.S. car coverage industry.

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Benjamin Zitney
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