The Coming Cold: Car Insurance Reminders Before Icy Weather Hits

Posted on November 5, 2013

Winter overturned carAllstate Insurance warns: winter is coming (not in the Game-of-Thrones sense).

The insurer is telling you that your car needs a checkup before icy conditions spread across the U.S.

Those conditions may already be here, with Montana meteorologist Mike Rawlins predicting that scattered snow showers will come to Big Sky Country later this week.

So Online Auto Insurance (OAI) introduces this two-parter to help you review your insurance and maintenance needs before the coming cold takes hold.

Tune in Thursday for the second part of “The Coming Cold” that will contain reminders about car maintenance when icy weather hits.

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A Year Later: New York Insurance Group Talks Sandy’s Impact

Posted on October 28, 2013

cars flooded by sandy

It wasn’t just wind and rain that Sandy sent New York’s way. The disaster dumped hundreds of thousands of claims on the state’s insurers.

Cassandra Anderson, associate vice president for the New York Insurance Association, said the 442,000 claims New York insurers were asked to respond to was “an unprecedented” number.

There were other staggering figures: 35,000 adjusters were deployed by the state’s insurance companies, which ultimately paid $10 billion in claims to New Yorkers.

But in addition to the huge numbers quantifying the extent of the damages, Anderson said other stats are a bit more encouraging: nearly 100% of the claims filed after Sandy have now been resolved, and the ratio of policyholder complaints to claims now stands at less than 1 percent.

But the road to that point wasn’t easy.

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A Year Later: Insurance Officials Reflect on Superstorm Sandy

Posted on October 24, 2013

Flooded carIts first name was Tropical Depression 18, and it was born last year in the morning hours of Oct. 22 in the Caribbean.

By the end of the day, it was renamed Tropical Storm Sandy, and what would come to be known as a superstorm was heading for landfall on the eastern seaboard of the U.S.

It would take more than a week after that for Sandy to dissolve, leaving in her wake a mess of damaged cars that had sloshed around in floodwater alongside boats, homes and debris.

According to Property Claim Services (PCS), damaged vehicles accounted for 16 percent (or 250,500) of the total 1.52 million claims submitted after Superstorm Sandy. Of the $18.75 billion in total insured losses from those claims, auto claims accounted for 15 percent, or $2.7 billion, according to a report from the Insurance Information Institute.

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Who Will Insure Self-Driving Cars?

Posted on October 23, 2013

Google self-driving car

This past August, the online magazine TechCrunch had a salacious headline for tech geeks and robotics fans: Google plans to sell 2,500 driverless cars to Uber, a company similar to a taxi-service that connects cars with passengers.

The story seemed like tech and auto industry gold, as Google has been instrumental in developing self-driven cars and has a significant financial stake in Uber.

While many bloggers and reporters picked up on the story as a watershed mark in the development of driverless cars, there was a small hitch: The story was dated ten years in the future.

“People are dense, I guess,” TechCrunch author Ryan Lawler explained to the Poynter journalism training center about the mix-up.

But the possibility of driverless cars hitting the market sooner rather than later got us at Online Auto Insurance thinking, “Who will insure those cars once they hit the road?”

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Auto Insurance in Unlikely Places: Car Coverage Gets Screen Time

Posted on October 18, 2013

Screen time Auto insurance is commonplace: everyone needs it, most people have it, but not everyone talks about it. So it’s always a kick whenever the topic turns up in unlikely places.

In this entry, we’ll review recent auto insurance-related topics that you’ve seen on your screen: your TV, your phone, and your video games.

GEICO Does the Humpty Hump, America Follows

Wednesday: the workweek’s midpoint; the launchpad for Christina Ricci’s career; and the day that is annoying a lot of teachers at a Connecticut middle school.

That last point is because Wednesday is actually “hump day,” and “hump day” is actually a GEICO commercial phrase that’s getting the same TV pop-culture treatment as Budweiser’s “whas-sup” and Paris Hilton’s “that’s hot.”

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