Think about your car for a moment…what words come to mind? Hopefully words like safe and comfortable, and maybe luxurious, practical or fast depending on your preferences. This newsletter is about collector cars and for most collectors their first word is fun. Continue reading “Collector Cars Are Fun”
Tesla Introduces Their Own Insurance Product
Yesterday Tesla introduced their own insurance product which, according to marketing spin, will save money because they “uniquely understand” their drivers and safety features. Continue reading “Tesla Introduces Their Own Insurance Product”
New Insurance Laws…No Free Lunch
California and Arizona legislators are tinkering with insurance laws in ways that may be popular with voters but, as usual, there’s no free lunch. Continue reading “New Insurance Laws…No Free Lunch”
Driverless Vehicle Kills Woman In Arizona
A driverless Uber struck and killed a woman in Tempe, Arizona in what is the first pedestrian fatality involving the technology. Continue reading “Driverless Vehicle Kills Woman In Arizona”
Fires and Floods: 2017 Year in Review
2017 wasn’t very happy for the insurance industry thanks to three nasty grinches named Harvey (in Texas), Irma (in Florida) and Maria (in Puerto Rico). Because coastal development has been so strong over recent decades, these hurricanes could result in total losses of $100 billion! Despite that massive number insurance carriers are not forecast to be overly stressed because only 18-20% Florida and Texas residents have flood insurance, and carriers have their own insurance (called reinsurance) to cover excessive loss. Continue reading “Fires and Floods: 2017 Year in Review”
Here’s Why Your Auto Insurance Rates May Be Going Up (Even Though You Haven’t Had a Claim)
Auto insurance rates are trending up across the industry and why you may be impacted even though you haven’t had any claims. Here’s how. Continue reading “Here’s Why Your Auto Insurance Rates May Be Going Up (Even Though You Haven’t Had a Claim)”
The Risks of Distracted Driving
The other day someone asked me, “based on all your experience with insurance and risk, what is the one single most important thing people can do to be safer?” Continue reading “The Risks of Distracted Driving”