High-tech features on new cars drive up auto insurance rates

The gee-whiz gadgets on new cars — the backup cameras, the large touchscreen controls, the blind-spot monitoring — make us all feel a little safer about navigating the roads. But high-tech, advanced safety features come at a fairly steep price, so they’re driving up car insurance rates, too. “If they’re damaged, they’re much more expensive to repair,”… Continue reading High-tech features on new cars drive up auto insurance rates

Wells Fargo faces sanctions for auto insurance payouts.

U.S. regulators are preparing to sanction Wells Fargo for receiving commissions on auto insurance policies it helped force on more than half a million drivers, people with direct knowledge of the probes have revealed.   last July, Wells Fargo blamed a third-party vendor for wrongly layering insurance policies on its auto borrowers. Wells Fargo did… Continue reading Wells Fargo faces sanctions for auto insurance payouts.