Wednesday, 4 January 2006

Breaking the Law: Driving Without Auto Insurance

Buying a new car? Don’t forget to pick up a new auto policy to go along with it. Liability insurance is the law in 47 states, according to the Insurance Information Institute.

Liability insurance is a basic type of auto insurance that covers damage to property and bodily harm that results from a car accident.

It might not feel like you’re breaking the law, but being caught driving without the minimum required liability insurance is a punishable offence in the majority of the country.

Each state has their own penalties for uninsured drivers. According to the III, some of these include: revoking or suspending your driver’s license, fines, and even jail time and revoking license plates for repeat offenders. Four states have even used checkpoints to catch uninsured drivers and raise awareness of the law.

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Posted by Insurance Quote at 9:15 AM in Auto Insurance

Insurance Makes A Court Appearance

Some of the biggest regional and local insurance headlines of last year covered insurance disputes that had landed in court.

The Insurance Journal lists some of 2005’s most interesting developments, including:

  • Jurors in New Jersey said Merck & Co. should not be blamed for the death of a 60-year old Idaho postal worker who suffered a heart attack after taking the company's Vioxx painkiller. Merck lost an earlier trial in Texas and was told to pay $253 million to the widow of a Vioxx user. Merck is appealing that verdict.
  • The Supreme Court of the State of New York, County of Nassau, reversed a lower court decision that found an insurance agent could potentially be held responsible for misrepresentation in a life insurance application.
  • New Hampshire implemented changes to its small group health system while controversy swirled about Maine's Dirigo health plan and its costs. Massachusetts Gov. Romney proposed a plan that would require all residents to buy health insurance.

To read the entire list, visit the Insurance Journal online.

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Posted by Insurance Quote at 8:25 AM in Insurance