Tuesday, September 8, 2009

Risks on the Road

In the current economy, families are being forced to cut cost from their finances even if it means late payments on their car insurance, or eliminating the insurance altogether. During the past year, several hundred thousand drivers have eliminated their car insurance or let the payment slides. The increase in canceling car insurance and insurance lapse is due to the sour economy and the rising auto-insurance rate. According to the Labor Department’s consumer price index, premium rose 3.8% in the past year.
For consumers who have no yet eliminated to lapsed on their car insurance payment, a good proportion have “stripped down their auto-insurance policies” and only having the absolute minimum level of liability coverage that is required to legally drive in their home state. The number of uninsured motorists in the United States is developing a major risk for everyone, those who are insured and those who aren’t. In the case of a hit by an uninsured driver, an insured driver would not be able to recuperate the cost of damage unless he/she sues the uninsured. If the insured wins, the uninsured lose their assets in the court judgment. As well, driving without insurance is illegal in 48 states and the District of Columbia. The only states that is legal to drive in without car insurance is New Hampshire and Wisconsin

Car Insurance Fraud


In today’s changing economy, more Americans are returning or selling their luxury cars. But there are some individuals who are enforcing creative tricks to cheat the automobile insurance companies. In some instances, people are abandoning their cars in ditches and on the side of the highway. They then hope to collect insurance claims after reporting their car stolen. This phenomenon has been growing in the Great Lakes region, New Jersey, California and Las Vegas.
With high unemployment, individuals can no longer afford to pay their monthly car payments. In Las Vegas, detective Menzie reported that he has witness four cars burned or abandoned in 24 hours. This type of automobile insurance fraud case first started in 2007 when gas prices were high. During the following year, 2008, the number of automobile insurance claim increased by 6% nationally. In Ohio, the Columbus Division of Fire reported 255 automobile fires in 2009 alone. While some were legitimate fires, at least 26 of the 235 fires were considered arson. According to the Coalistion Against Insurance Fraud, they deemed this type of behavior as “vehicle give-up” which is when “car owners set their vehicles ablaze, sink them in lakes or rivers, leave them for passers-by to find or sell them to chop shops, or groups that sell overseas.”

AIG Nearing a Deal to Sell Car-Insurance Unit to Zurich



American International Group Inc. is negotiating to sell a car-insurance unit to a major rival, Zurich Financial Services AG, and a deal could be announced as soon as Thursday.
The price tag for 21st Century Insurance could fall within the $1.5 billion to $2 billion range, according to a person familiar with the matter. The deal has been discussed for some time, and the talks between the two firms were reported in February.
If the sale were completed at that price, it would be the biggest that AIG has been able to complete since announcing plans to sell off assets to help pay back the government, which bailed out the ailing insurer last year. As As of April 8, AIG owed taxpayers $45 billion, part of an aid package of up to $173.3 billion.AIG is also trying to sell off other units, including International Lease Finance Corp., its aircraft leasing business, for which a second round of bids are due late this month, according to a person familiar with the matter. But the strategy of selling off assets has been hurt by the difficult economic conditions, which has winnowed the pool of potential buyers for some of AIG's most prized assets.A deal could also strengthen Zurich's hand in the U.S. car-insurance business. Zurich owns Farmers Group Inc., which manages the Farmers network of insurance exchanges. The exchanges serve more than 10 million households, making it one of the largest car- and home-insurance networks in the country.

Top 10 Car Insurance Savings Tips

1. Make sure all your cars are on the same policyMost insurance companies offer a “multi-vehicle discount” for customers who insure more than one car on the same policy.2. Insure both your car and home with the same companyAgain, this may qualify you for a discount called the “multi-line discount.” Most companies offer this savings as an incentive to get your home insurance business too.3. Have an anti-theft device installed in your carIf you take measures to ensure your car is less likely to be stolen, then some insurance companies will offer an “anti-theft discount” if certain anti-theft devices are installed.4. Ask about other discounts you might be able to getAdditional common discounts include the age, low mileage, occupational and auto club discounts, all of which could save you money if you qualify.5. Increase your deductiblesThe higher your deductibles, the lower your insurance premium — so raise them as much as you can. Keep it affordable though, because this is how much you’ll have to cover if you need to submit a claim.

INSURAnCe oF ur CAr


You MUst INSUrance OF ur CAr BEFore Any DAMaging INSurance Will Keep u STYLish ANd SAfe

2009 Konigseder Porsche Carrera GT

2009 Konigseder Porsche Carrera GT












The Konigseder Porsche Carrera GT body kit includes a redesigned front bumper with new air vents, a new rear bumper and diffuser, a larger rear wing and new side skirts. Austrian tuner Konigseder keep the factory 5.7L V10 engine that produces 612bhp (457kW) and 590Nm of torque on this Porsche Carrera GT. The Konigseder Porsche Carrera GT comes with standard size rims and tires, original brakes and a modified exhaust system

2009 MANSORY Chopster Porsche Cayenne

2009 MANSORY Chopster Porsche Cayenne




















The MANSORY Chopster Porsche Cayenne features also comes with the fully forged 11×23 inch mono block rims in turbine design and the Dunlop Sport Maxx GT-tyres sized 315/25/23 perfectly fit under the broadened Chopster wing. By the Mansory sport module for air suspension control, the XXL-wheels are additionally enhanced. If desired, the SUV’s centre of gravity can be lowered by 45 millimetres.
For more information about the exclusive refining programme by Mansory Switzerland AG, please visit the web site www.mansory.ch