Legacy Plus Insurance Services

10/07/2022

CoreLogic estimates Hurricane Ian insured losses as high as $53B

CoreLogic Inc. on Friday said insured losses from Hurricane Ian could be as much as $53 billion.

03/10/2022

Market Spotlight: Towing / Tow Truck
Insurance scams involving towing abuses are on the rise nationwide, according to the National Insurance Crime Bureau (NICB), with vehicle owners facing high towing and storage fees, unsolicited tows, and dangerous, unsafe towing practices. Last year, the NICB identified the following U.S. metropolitan areas as the five worst for towing abuses: Los Angeles/Long Beach/Anaheim; New York/Newark/Jersey City; Chicago/Naperville/Elgin; Philadelphia/Camden/Wilmington; and Houston/The Woodlands/Sugar Land. In Chicago alone, NICB said people are paying $3,000 to $5,000 in extreme towing and storage fees when the actual cost to a vehicle owner should be less than $400. The group has been urging lawmakers nationwide to tackle towing scams and said there has been an uptick in towing-reform legislation in states like Arizona and California.
"However, we need to see more. Otherwise, these fraudulent towing companies will continue to take advantage of consumers," said Joe Wehrle, NICB president and CEO, who added cities that address towing scams with new laws, like Philadelphia, have seen a drop in towing related abuses.

05/06/2021

Be aware of a company in AZ named ARS Recovery LLC / Charles M Roldan we bound their insurance and never got paid and fed a lot of excuses. Had to cancel policy for non-payment leaving us with a bill for $3,100.00. for 40 days of insurance.
&Associates

03/05/2021

Think before you text: Distracted driving deaths rise nearly 10%, report says

'Despite the prevalence of distracted driving laws, the use of electronic devices while driving still remains an issue.'

03/05/2021

US traffic deaths spike even as pandemic cuts miles traveled

DETROIT (AP) — Pandemic lockdowns and stay-at-home orders kept many drivers off U.S. roads and highways last year. But those who did venture out found open lanes that only invited reckless...

03/05/2021

Cyber insurance rates to increase 20-50% this year: Aon

Policyholders can expect 20% to 50% rate increases for cyber coverage throughout 2021 as trends that began last year continue at an accelerated pace, Aon PLC said in a report issued Wednesday.

01/26/2021

12/14/2020

What do drivers really think about insurance telematics?

Should more insurers consider adopting this model? Most of the insurance customers who use these devices are pleased with the results.

10/21/2020

Most commercial rates rise in Q3

Average premium renewal rates increased across most commercial lines of business in the third quarter, according to insurance exchange Ivans Insurance Services, a division of Tampa-based Applied Systems Inc.

07/28/2020

Worst Losses in Decade for Commercial Auto Insurers.
Insurers also must embrace technologies like telematics and enhance their rate, underwriting and claims-settling practices, said the ratings agency. (Editor's note: telematics help improve driver safety.)

Best Reports Worst Losses in Decade for Commercial Auto Insurers July 27, 2020 Facebook Twitter LinkedIn Email Print The U.S. commercial automobile insurance segment's underwriting losses deepened to $4.0 billion in 2019, the segment's worst loss in 10 years and a continuation of a decade-long trend...

03/04/2020

Nothing like riding the rails