Tag Archives: insurance

Redpoint Insurance Group Acquires Safeway County Mutual Insurance

Dallas, TX, July 03, 2015 — /EPR AUTOMOTIVE NEWS/ — Redpoint Insurance Group, LLC today announced the acquisition of control of Safeway County Mutual Insurance Company in Dallas, TX. Terms of the transaction were not disclosed. Safeway County Mutual Insurance will operate under the name Redpoint County Mutual Insurance Company.

Redpoint County Mutual will specialize in writing private passenger and commercial automobile insurance in the state of Texas. The Company will be headquartered in Dallas, Texas with administrative offices in Austin, Texas. Christopher A. McClellan, the CEO of Redpoint Insurance Group will serve as CEO and President of Redpoint County Mutual. Wyatt Blackburn, the President of Redpoint Insurance Group will serve as the Treasurer of Redpoint County Mutual.

“We are excited to enter the Texas automobile insurance market – one of the strongest and most dynamic insurance markets in the United States. Redpoint County Mutual will partner with a select group of independent managing general agencies to provide a host of automobile insurance options to Texas consumers. We are committed to providing quality coverage and exceptional service to our policyholders and agents.” -Christopher A. McClellan, CEO

Redpoint Insurance Group is an insurance holding company headquartered in Dallas, TX. Redpoint’s principal affiliates now include Redpoint County Mutual Insurance Company and Redpoint Workers’ Compensation. Further detail is available at www.RedpointInsurance.com.

Contact-Details:
Chelsea Beagles
Public Relations Director
cbeagles@redpointinsurance.com
(469) 249-1008

 

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Honesty Not The Policy In Sydney Car Parks

Touch parking is on the rise in Sydney suburbs with nearly 70 per cent of drivers having had their car damaged while it was parked, research by NRMA Insurance has found*.

The insurer’s claims data also shows that the Inner City is the place where you’re most likely to return to your parked vehicle and find it damaged with no note, followed by the Inner West and Eastern Suburbs.

“Our research showed that a note is left by the offending driver in less than nine per cent of cases”, said NRMA Insurance spokesperson Andrew Tubb.

“Sometimes people may not realise they’ve hit another vehicle or maybe they think it’s such a gentle hit they haven’t done any damage”.

“Although a lot of drivers do not own up to hitting a parked car, there are a lot of witnesses to touch parking – two in three people have seen a car connect with another car while trying to park in a tight spot.”

And with increased residents and limited parking spots in many Sydney suburbs, touch parking is likely to be an ongoing issue for NSW drivers.

“We think that at times maybe out of frustration, drivers may try to squeeze their car into a tight spot to rush to their destination”.

“No matter what the reason, if drivers do accidently hit a car while parking, we’re encouraging them to do the right thing and leave a note – you never know when you might be on the receiving end and find your car damaged,” Mr Tubb said.

NRMA Car Insurance offers some tips to try and avoid touch parking:
– If you hit a parked car, do the right thing and leave a note with your details;
– If you witness a collision, pass on any information you have to the innocent party;
– When looking for a parking spot, consider the size of the park and if there is adequate space for your vehicle; and
– If you have a passenger, ask them to get out and guide you into the parking spot.

* Based on a survey of 450 NSW drivers by Pure Profile Research & on NRMA Insurance car claims data for the financial years 2008-2011.

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Drivers Ending The Working Week With A Bang

With research from NRMA Insurance showing Friday is the worst day of the week for a collision, the insurer is calling for drivers to stay alert at the wheel especially as they head into the weekend*.

The insurer’s data showed that collisions on a Friday spiked by 17 per cent above the weekly average and Sunday is the least likely day to have a collision. The peak hour times of 3pm to 5pm during the week are the worst time for a collision and 11am to 1pm on the weekend.

NRMA Insurance spokesperson Damien Butler said the data was a timely reminder to drivers to focus on the road while they’re at the wheel particularly on a Friday and during peak hour traffic.

“People may be starting to unwind for the weekend and be distracted on a Friday, which contributes to them being at higher risk of a collision.

“In the afternoon, drivers may be rushing home from work, hurrying to collect their kids from school or heading away for the weekend and not taking extra care while driving.

“We want to urge drivers to focus on the road, be aware of traffic conditions and to stay calm while driving to help prevent the worst happening,” Mr Butler said.

In the event of a collision, NRMA Car Insurance recommends drivers:

– Stop immediately and give assistance to anyone who is injured;
– Call an ambulance if required;
– Call the police if a person has been injured, the other party fails to stop and/or supply details, a vehicle has to be towed, a driver appears under the influence of drugs or alcohol or there is damage to property;
– Exchange details, including date, time and location, name and residential address of the person involved and the owner of the vehicle, licence and registration details, make and model of the cars involved and insurance details;
– Collect the details of any witnesses and police in attendance; and
– Contact your insurer.

* Based on NRMA Insurance comprehensive motor claims data for the 2011 calendar year.

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Driven To Distraction By Mobile Phones

With over 40 per cent of NSW drivers using their mobile phone while at the wheel, NRMA Insurance is calling for drivers to focus on the road to avoid being at higher risk of a collision*.

Recent NRMA Insurance research shows drivers are continuing to take risks by using their mobile phone while driving, with:

88 per cent making phone calls;
68 per cent texting and reading emails;
40 per cent using applications – e.g. checking the weather forecast, news headlines;
38 per cent taking photos; and
25 per cent updating their status or tweeting.

NRMA Car Insurance spokesperson Adele Buhagiar said the results were concerning, as they showed drivers were still putting themselves at increased risk of a collision, despite the safety warnings.

“The research shows that our appetite for technology extends to while we are driving, with one in four admitting that they are updating their status or tweeting while at the wheel. This is up from one in ten last year.

“We were surprised to see that people are even risking taking photos while driving. Losing focus while behind the wheel, even if it is only for a split second, may cause the worst to happen,” said Ms Buhagiar.

It is illegal to drive a vehicle while using a hand-held mobile phone in NSW, with the penalty a significant fine and three demerit points**.

Ms Buhagiar added “We urge all NSW drivers to be alert on the roads and if you need to make a call or send a message, we suggest you pull over in a safe place before using the phone.”

* Based on a survey of 415 NSW drivers by Pure Profile Research in January 2012.
** www.rta.nsw.gov.au

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Small Cars – Walking Pace Wrecks

A range of top selling small cars cost up to 70 per cent of their new purchase price to repair when involved in a walking-pace speed collision.

NRMA Insurance put the spotlight on the nine top selling small vehicles in Australia to see how their bumpers performed when involved in a collision.

The insurer is urging consumers to consider repair costs when looking for a new car as they can have an impact on their insurance premium.

“We tested the front and rear bumpers of each vehicle by simulating a low speed crash which is the most common type of crash on our roads,” NRMA Insurance Head of Research Robert McDonald said.

“Even travelling at only 10 km/h, we found many of the cars had poor-performing bumper design which resulted in high collision repair costs.

“Our test shows the importance of insurance, as well as serving as a reminder that your car choice could impact your premium. We determine whether it is economical to repair a car after a collision based on the damage and the percentage of the new purchase price it costs to repair the car.”

Mr McDonald said the test revealed a vast difference in repair costs across the range of top selling small vehicles.

“Of the vehicles tested, repair costs for a rear collision range from around $1,200 on one car to more than $7,600 on another.”

When comparing damage for a front and rear collision, the Toyota Yaris and the Honda Jazz were the most expensive to repair. The Yaris cost $13,440 to repair — 70.8 per cent of its new purchase price — and the Jazz cost $13,754 — 69.5 per cent of its new purchase price.

The best performer in the test was the Holden Barina, which had a repair cost for a front and rear collision of $2,574 or 14.3 per cent of its new purchase price.

“Poorly designed bumpers can slide under other bumpers on impact, causing more damage to both vehicles in a collision. Because of its effective bumper design, the Barina did not suffer structural damage and the damage was isolated to the bumper components,” Mr McDonald said.

“It is possible to have effective bumpers on small cars that protect the more expensive parts like headlights and the radiator.”

The NRMA Insurance low speed crash test program was designed to urge car manufacturers to make improvements to bumper bar design to help keep the cost of collision repairs affordable.

The crash apparatus uses a ‘roller coaster’ type device to simulate a 10 km/h collision which replicates impact with another car, allowing NRMA Insurance to accurately compare the costs of repairs. The tests were completed at the NRMA Insurance Research Centre in Sydney.

The NRMA Insurance low speed crash test program is a collision repair cost test and is not an indicator of vehicle safety features. All of these cars, except the Nissan Micra, have been awarded five stars in ANCAP safety rating.

Additional information can be found at http://www.nrma.com.au/small-cars-walking-pace-wrecks

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Autoquotenow.com Announces Online Auto Insurance Quotes Service That Caters To New Market

With recent economic conditions and changes in consumer behavior, to look for lower rate deals on the web, AutoQuoteNow.com backs up their time tested service with speedy and reliable online insurance quotes.

By simply entering a Zipcode, the portal immediately produces the 2-10 lowest and best auto insurance rates from the top car insurance companies. It also fetches the state requirements about clients’ location the insurance quotes are compared; investigating which ones will work best for them. This provides more security from the coverage in the long run, such as in claiming for a major accident that could really get quite expensive.

The website lets visitors compare the financial ratings of the insurance companies and check their status from the respected financial services and research institutions like Standard & Poor and other reliable critics to help them make an informed decision.

The information database at Auto Insurance Questions & Answer section carries answers to all questions asked by past inquiries and visitors. It helps prospective customers to find a precise solution to their particular situation, and get the perfect insurance coverage. AutoQuoteNow has partnerships with many insurance providers that offer multiple discounts to help reduce the policy premiums.

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How SR-22 Insurance Can Improve A Driving Record

What any driver who has had a few too many run-ins with traffic police may have to face at some point is SR-22 insurance. According to a recently published InsuranceAgents.com article, ‘Getting Acquainted With SR-22 Insurance,’ SR-22 insurance is essential if you want to improve your driving record.

The purpose of SR-22 insurance is to prove your financial responsibility and allows you to get your driving record back on the right track.

“If you are cited by law enforcement for driving without insurance then you will be required to carry proof of SR-22 insurance for roughly three years just as if you were on probation,” the article states.

SR-22 insurance can be obtained through most insurance providers. To find out your state’s requirements, fees, and why or when you will need an SR-22 insurance policy, contact your auto insurance agent without delay.

You will need an SR-22 insurance policy if you have:
• A DWI, DUI, or any other serious moving violation
• A suspended or revoked license
• Been involved in an at-fault accident without insurance
• Made repeated traffic violations

SR-22 insurance can be a pain to file, and it can also be expensive. Visit InsuranceAgents.com to learn more about SR-22, and to request auto insurance quotes from up to five local agents.

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While Seeking Mitsubishi Insurance May Be A Strenuous Action, There Are Ways To Simplify The Process

While seeking Mitsubishi insurance may be a strenuous action, there are ways to simplify the process. Many drivers are unaware of the factors that go into determining insurance quotes for their vehicles, but a recently published article on InsuranceAgents.com reveals the ease that goes into purchasing Mitsubishi insurance.

“In order to give yourself the best possible chance at finding the most competitive and adequate Mitsubishi insurance on the market, do yourself a favor and go online to compare auto insurance quotes from multiple auto insurance agents,” the article, Mitsubishi Insurance High For Some Models, states. “To further secure yourself the appropriate type and amount of Mitsubishi insurance, you must understand what factors go into determining the quotes you’re receiving.”

The article suggests, however, that there are other ways you have to prepare. “No matter what brand of car you purchase, your luck in finding extensive and convenient auto insurance is determined by the specific model you’ve chosen. Mitsubishi insurance is no exception to this rule.”

There are also several factors that go into determining Auto insurance rates. The list, referencing the Highway Loss Data Institute, explains that the statistical rankings of the make and model you purchased in the areas of cost of injury, collision, and theft claims are all important factors.

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LV= Research Has Revealed One In Four Motorists Suffer A Break In To Their Vehicle Due To Valuables Being Left Unattended In Cars

LV=, the UK insurance provider, has found 80% of drivers have left valuables in their cars. This carelessness has lead to an increase in the number of cars being broken into, with one in four motorists saying that they’ve been a victim of a car break in.

According to a report from LV=, high value items such as mobile phones, clothes and even wallets are regularly left inside vehicles whilst parked on UK roads. The value of goods left by men is generally much higher than that of more safety conscious women. In fact, according to the research carried out amongst 2044 adults, the average value of goods left in cars by men is £380. Younger drivers are similarly lax about their belongings with drivers aged 34 or under admitting to leaving an average of £334 worth of goods in their vehicle. This compares to a national average of £283.

Cars are most at risk of being broken into whilst parked on residential streets, with 40% of all thefts now taking place whilst the car is parked directly outside the owners’ home with a further 18% of thefts taking place whilst the car is parked in other residential areas. Less than one in ten (9%) car break-ins take place in commercial car parks, despite the perceived higher risk.

Emma Holyer, spokesperson for LV= Car Insurance, said: “These figures show a casual attitude amongst motorists when it comes to leaving their belongings in their car. The fact is that most car break-ins are by opportunist thieves who would probably not bother to break into the car if it looked as though it didn’t contain anything to steal.”

The research from LV= found that the most frequently stolen items from unattended cars are detachable car stereos and radios, CDs, wallets and purses and satellite navigation systems.

“Some car insurance policies will cover contents so motorists should ensure they have this cover so that if the worst happens they are not out of pocket,” Ms. Holyer continued. “However, to avoid the hassle of having your car broken into, we’d advise people not to leave any visible valuables in their car in the first place, as this will massively reduce the likelihood of any break in.”

About LV=:
LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and LV= is a trading style of the Liverpool Victoria group of companies.

LV= employs over 3,700 people, serves more than 2.5 million customers and members, and manages more than £7.7 billion on their behalf. LV= is the UK’s largest friendly society and a leading mutual financial services provider, aiming to help customers find freedom from financial worry by providing a wide range of reliable and good value financial products, including home insurancetravel insurance and pet and travel insurance direct to consumers.

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LV= Has Revealed That One In Six Drivers Are Breaking Child Car Seat Laws And Putting Their Young Passengers’ Safety At Risk

LV= has carried out research revealing that despite safety risks, one in six drivers break the law regarding child car seats, with family friends the most likely to put children at risk.

By law, drivers must ensure that all children younger than 12 and shorter than 135cm (4’5″) use a child or booster seat. Without this, the risk of fatality or injury in the event of an accident rises by 71% and 69% respectively.

The new laws were introduced in 2006 and the research by car insurer LV= has found many drivers are ignorant of their legal duty of care. One in five (21%) of those who fail to comply with the law say they are unaware the guidelines even exist.

Worryingly, one in ten of those who are aware of the guidelines say they just disregard them and don’t bother to fit safety seats, despite the fact that the laws were brought in to ensure that all children are protected on the roads, to reduce fatalities and injuries.

Not only is the failure to use a proper child seat dangerous for both the passenger and the driver, it also carries a potential penalty fine of £500.

The LV= study shows that children are most at risk when travelling with friends of the family, with over a quarter (26%) of those admitting to not using car child seats.

The research also found that even in cases when an appropriate car seat is used, almost a quarter of drivers (24%) say they do not check the safety seat is installed properly, potentially putting their young passengers in danger.

In 2007 there were more than 3000 child casualties as a result of road accidents, including 121 fatalities. With such high stakes, LV= is today calling on all drivers to ensure they take every precaution and install appropriate safety equipment, to protect themselves and their passengers from harm.

John O’Roarke, Managing Director of LV= Car Insurance, said: “Huge strides have been made to improve child safety on the road in recent years, not least with the introduction of compulsory child seats in 2006. However, it’s clear that many drivers are still confused about the law and for one reason or another, are not following the legislation. So we’d urge all drivers to make sure they’re aware of the guidelines – child seats can take just five minutes to install and greatly reduce the chances of injury to everyone in the car.”

LV= will automatically replace child safety seats for anyone who has taken out their car insurance policy whose car has been in an accident, even if the seat looks undamaged.

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