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Proof of insurance (POI) is documentation that proves that a person has valid insurance with an insurance company. [1] Where vehicle insurance is compulsory, a driver usually must carry proof of insurance in their automobile or on their person while driving. If a driver is questioned by a law enforcement official, they must provide proof of ...
Some states require that proof of insurance be carried in the car at all times, while others do not. For example, North Carolina does not specify that proof of insurance must be carried in the vehicle; it does, however, require that a driver have that information to trade with another driver in the event of an accident. Some states allow for an ...
Allstate Insurance Company, named after Sears' tire line, went into business on April 17, 1931, offering auto insurance by direct mail and through the Sears catalog. [ 10 ] [ 11 ] This was in line with one of the objectives of a company to sell automobile insurance in the same manner as Sears sold its merchandise.
A 2007 investigation by CNN reported that major car insurance companies, including State Farm and Allstate Insurance, were increasingly fighting claims of those alleging injury. Some injured parties argued these were unfair practices. State Farm and Allstate have denied these allegations. [50]
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In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
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