A weekly round-up of auto insurance in the news on the insurance blog. Learn more about what major news outlets are saying about auto insurance in the news this week.
A weekly round-up of auto insurance in the news:
Michigan Auto Insurance Companies Can’t Deny Coverage
The Office of Financial and Insurance Services (OFIS) in Michigan has decreed that auto insurance companies cannot deny coverage to insureds who don’t get their vehicles inspected immediately following an accident. According to the release from OFIS, millions of Michigan residents with auto insurance will benefit from the change, meant to protect people who have been hospitalized or otherwise detained from immediately reporting an accident to their auto insurance company.
Farmers Offers Auto Insurance Discounts to Customers with ESC
Farmers Group, Inc. has reported that it will begin offering an auto insurance policy discount to customers who own vehicles with electronic stability control (ESC). Beginning this month, new and future policyholders who have ESC will receive a 5% auto insurance discount. ESC take anti-lock brakes a step (or stop) further, with additional sensors to keep cars and trucks under control.
Insurance May Be Denied in UK if Proper Safety Precautions Ignored
Following a bump in recent car thefts where the keys were left in the ignition, police in Arran are telling auto insurance customers that they may not have coverage if they leave their keys in the car or leave their vehicles unlocked. A local Sergeant explained that very few locked vehicles are stolen, and vehicles should be equipped with the basic equipment- locks- to prevent auto theft.
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