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Wrecks, DUIs and Low Credit Scores: Here's How Much They Can Drive Up the Cost of Your Car Insurance
Certain events can drive up the cost of your annual car insurance premiums — some by an average of more than $1,500.
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Rise in ‘Nuclear Verdicts' in Lawsuits Threatens Trucking Industry
Cases with verdicts of at least $1 million against truck operators have increased dramatically since 2006, with an average jury award of $3.1 million.
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Auto Insurance Overpayments
Stay-at-home orders kept drivers off roads, and according to analysis from the state’s Department of Insurance, that means California drivers are owed another refund, having been overcharged for auto insurance during the pandemic. I-team’s Randy Mac reports for NBC4 News at 6 p.m. on March 11, 2021.
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How to Find a Good End-Of-Year Deal If You're in the Market for a New Car
While incentives are not as plentiful as they typically are in December, you can still find some makes and models with good deals.
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GM to Offer Auto Insurance That Uses Data From Connected Vehicles to Price Rates
General Motors is launching its own auto insurance as a way to generate new revenue using its growing amount of connected vehicles in the U.S.
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There's Nowhere to Put Cars After Leases Expire, Even If You Want to Turn it in
Sales in new and used cars have dramatically declined, meaning there’s a surplus. Randy Mac reports for NBC4 News April 21, 2020.
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Some With Expiring Car Leases Say They're Being Told They Can't Bring the Cars Back
Some drivers who have expiring car leases say they’re being told they can’t bring vehicles back because there’s nowhere to put them. Dealerships and banks are offering — and in some cases pressuring — people to extend the leases on their vehicles because they just don’t have the storage space to keep any more cars. Sales of new and...
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State Farm Announces $2 Billion Rebate For Auto Insurance Customers
State Farm Mutual Automobile Insurance Company on Thursday announced a $2 billion rebate for their customers to help them through challenging financial times during the coronavirus pandemic. “With schools and businesses closed, and many of us sheltering in our homes, people are driving less right now, so we’re returning value to customers as we anticipate fewer auto claims,” the Bloomington,…
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State Investigating Discrimination Allegations Leveled at Insurance Companies
Serious allegations of discrimination are being leveled at insurance companies by less privilaged communities. Randy Mac and the I-Team investigated on the NBC4 News at 5 p.m. on Wednesday, March 11, 2020.
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Democrat Edwards Wins Reelection in Conservative Louisiana
Deep in the heart of the conservative South, Louisiana’s voters reelected Democratic Gov. John Bel Edwards to a second term, shocking Republicans who had hoped to reclaim the seat on the strength of President Donald Trump’s popularity. With his focus on bipartisan, state-specific issues, the moderate Edwards cobbled together enough cross-party support Saturday to defeat Republican businessman Eddie Rispone, getting...
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California Car Insurers Can No Longer Charge Drivers More Based on Gender
A Los Angeles-based taxpayer and consumer advocacy group Friday applauded new rules issued by the state Department of Insurance under which California auto insurers can no longer charge drivers more based on their gender.
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Auto Theft Spikes This Time of Year – Can New Tech Protect Your Car?
New Year’s Day is ranked as the worst major holiday of the year for auto theft nationwide. With Bay Area vehicle crime trending above the national average, local engineers have come up with clever ways to make vehicles a less-appealing target for crooks.
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Halloween Is The Scariest Day of The Year for This Financial Shock
Halloween could be scarier for your budget than anticipated: Homeowners and auto insurance claims tend to jump during the holiday. On average, Halloween has 17 percent more home claims for theft, vandalism and other crimes than any other day of the year, according to a new assessment from Travelers. That includes problems like doors kicked in, mailboxes knocked down and...
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Sears Through the Years: From Watch Seller to Tower Builder
Sears got its start as a watch seller more than 130 years ago and grew to become one of the world’s largest retailers. But the company has struggled in recent years and on Monday filed for Chapter 11 bankruptcy.
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Violence Followed Texas Church Gunman After High School
Wherever Devin Patrick Kelley went after graduating from high school, a trail of violence followed. In New Mexico, Kelley was kicked out of the Air Force following a court-martial two years after he enlisted for abusing his wife and reportedly hitting her child hard enough to fracture his skull. In Colorado, he was charged with misdemeanor animal cruelty after someone...
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‘Domestic Situation' in Devin Patrick Kelley's Family Preceded Texas Church Massacre
A 26-year-old man who had been sending his mother-in-law threatening text messages put on a ballistic vest and a black mask with a white skull face and killed 26 people with an assault rifle at her church in southern Texas Sunday, authorities said. More details about Devin Patrick Kelley’s life and death were revealed Monday as investigators continued to look...
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Texas Church Gunman Checked Each Aisle, Shot Babies at Point-Blank Range
The gunman who killed 26 people at a small-town Texas church went aisle to aisle looking for victims and shot crying babies at point-blank range, a couple who survived the attack said. Meanwhile, investigators continued analyzing the gruesome crime scene Tuesday and tried to gain access to the shooter’s cellphone, a longstanding challenge for the FBI in thousands of previous...
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Another Wells Fargo CEO Faces an Angry Congress
A different Wells Fargo chief executive met a similar kind of anger from Congress on Tuesday, with politicians from both major parties saying they feel the bank has done little to change its culture since a scandal over its sales practices. Tim Sloan appeared in front of the Senate Banking Committee in Washington, D.C., about a year since his predecessor...
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After Sales Scandal, Wells Fargo Announces Board Shakeup
Wells Fargo announced a board shakeup Tuesday, including the coming retirement of three directors, in a restructuring effort following the bank’s consumer sales scandal, CNBC reported. Elizabeth “Betsy” Duke will take Stephen Sanger’s position as independent chair effective Jan. 1, 2018, according to the bank’s announcement. Board members Cynthia H. Milligan and Susan G. Swenson will also leave the board...
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Wells Fargo Paying $80 Million Over Customer Car Insurance
Wells Fargo is paying $80 million to customers who the bank signed up and charged for auto insurance that they did not want or need....
The bank said Friday that roughly 570,000 customers were affected and will be getting refunds....
Like most auto loan companies, Wells Fargo required borrowers to have comprehensive and collision insurance. If they didn’t have comprehensive coverage, Wells...