RANCHO CUCAMONGA, Calif., Feb. 28, 2011 /PRNewswire/ -- Coverage prices resumed their slow upward trend and state legislators across the country advanced a slew of legislation related to car insurance this month. The following summary sheet wraps up a few of February's most significant auto insurance news developments reported on at News.OnlineAutoInsurance.com:
- The latest Consumer Price Index report indicated that the month-to-month dip in premiums seen in December may have only been a one-off. Data published on http://www.bls.gov/ showed prices for coverage climbing one-fifth of 1 percent last month. Policy prices in January 2011 were reportedly 4.5 percent higher than in January 2010.
- The Wisconsin State Senate voted to rollback increases made in 2009 to the state-mandated minimum levels of coverage. Voting on the measure was delayed in the Assembly.
- While Wisconsin legislators considered slicing the minimum amounts of liability coverage required of drivers, lawmakers in Nebraska and Illinois pushed bills to beef up the minimums in their states. Nebraska's bill would double the required minimums there, while Illinois' would increase minimums by more than 500 percent.
- Legislatures in Oklahoma, Minnesota and Montana are all considering bills that would institute "no pay, no play" laws in their states that would bar uninsured motorists from collecting for pain and suffering damages in the event of an accident.
- Groups are pushing for no-fault insurance reform in both Florida and New York. New York Senator James Seward introduced a bill in his state that would fortify the system against abuse. The Property Casualty Insurers Association of America called his bill "a comprehensive package" of "necessary reforms."
- Progressive's "Flo" advertising icon beat out the Most Interesting Man in the World, the Old Spice Guy, the Budweiser Clydesdales and others to rank No. 1 in an Entertainment Weekly poll that pitted marketing mascots against each other.
- Allstate launched a recruiting blitz for agency owners and sales professionals in six state markets. The policy provider said its goal is to recruit 338 agency owners and at least 175 sales professionals in six state markets in 2011, with cash incentives offered in some states for successful agency owner referrals.
To read the articles about these and the latest in auto insurance news developments, readers can go to http://news.onlineautoinsurance.com/ where visitors will find the only site on the Web devoted to publishing nothing but the latest newsworthy developments in the U.S. car coverage industry.
SOURCE Online Auto Insurance, LLC