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Experts Suggest Driverless Cars Could Slash Auto Insurance Rates

As driverless cars continue to become more and more of a reality, experts suggest that we could eventually see auto insurance rates begin to drop. A recent study by RAND Corp. found that the increased safety benefits from self-driving cars – which promise to come with a reduced risk of accidents – are likely to lead to “a significant ... More

Wells Fargo Caps Subprime Auto Loans

Wells Fargo announced on Monday that it has put a cap on the amount of money it will loan to subprime borrowers. As reported by CNBC, according to execs, the San Francisco-based banking giant "is limiting the dollar volume of its subprime auto originations to 10 percent of its overall auto loan originations." Last year, that number was ... More

Phil Maloof Adds Extra Incentive to Penthouse Listing: A Lamborghini

Financial tycoon Phil Maloof listed his Las Vegas Palms Casino Resort penthouse for sale five months ago, but the $38 million abode hasn't received much attention from potential buyers. So now, Maloof has added an additional perk to the listing: a two-year lease on a 2015 Lamborghini Huracán, worth a reported $237,000. In addition to the ... More

Advance Auto Bringing Jobs

According to officials, Advance Auto Parts will be employing 600 workers in North Carolina by the end of 2017. Average pay for workers will be around $110,000 per year, and Governor of North Carolina says that the company could get over $17 million in tax breaks. Image by Michael Rivera via Wikimedia Commons. Continue to original ... More

Watch Out For Unlicensed Insurance Sales People

Aviva Canada is warning potential insurance customers about possible frauds. Scammers in Canada are acting as insurance sales people and taking money without giving people coverage. Customers should be aware of who they are buying insurance from, and must make sure that he or she has a license. Image by Aviva West via Wikimedia Commons... More

Low Credit Score May Cause Car Insurance To Rise

Drivers may be paying higher auto insurance premiums based on their credit scores. A study by WalletHub.com finds that there is a 65% difference in insurance costs between those with high credit scores and those with low credit scores. State law in California, Hawaii, and Massachusetts outlaws insurance providers from using credit score ... More

Agnik Analytics Offers New Insurance Savings

Agnik is a Big Data analytics company assisting mostly in the insurance and automotive industries. The company has recently announced that it has partnered with Liberty Mutual Insurance, giving its customers savings on Liberty Mutual home and auto insurance. Image by User54871 via Wikimedia Commons. Continue to original source More