Search Results for: insurance

Which Of The Following Authorities Monitors The Financial Strength Of Insurers?

When it comes to understanding the financial strength of insurance companies, there are a variety of organizations that play a role in monitoring and evaluating the data. In this blog post, we will explore the criteria and process for assessing an insurer’s financial health in order to better understand which organizations are involved in such […]

Explaining state vehicle inspections

Drivers in most states are required to have vehicle inspections. They must also obtain periodic inspections from licensed professionals. Federal safety inspections are mandatory for all modes of transport except rail, truck, bus, and commercial bus. However, there is no federal mandate for passenger vehicles. Studies show that almost 2.6% fatalities in crashes between 2011-2016 were caused by vehicle […]

The New Jersey Assigned Risk Plan

Over the years, the rate of traffic crashes in New Jersey has been increasing. New Jersey saw more than 6,000,000 drivers in 2019, so it’s not surprising that there were over 200 000 accidents in 2019. The New Jersey Assigned Risk Plan was created to address these concerns. This plan was created to ensure that high-risk drivers with poor credit are insured. […]