Fox Business - The Power to Prosper
Search Site

Rate Cut

You Won't Get an Insurance Discount for Your Car's Backup Camera

Aiming to curb deaths and injuries from "backover" accidents, the National Highway Traffic Safety Administration (NHTSA) said this week that all light-duty vehicles sold in this country must have rear-view cameras within four years.The NHTSA rule, which affects cars, SUVs, trucks and vans, will be final in 60 days and begin phasing in on May 1, 2016. Full compliance is mandated by May 1, 2018.But that doesn't mean you'll soon get an auto insurance discount if your vehicle has a backup camera or any other advanced crash-avoidance feature. While praising newer technologies for helping to prevent accidents and save lives, the insurance industry hasn't put them on their discount lists and probably won't do so in the near future.The reason, according to insurers, is that it takes time to study a system's effectiveness and determine if there's an actuarial benefit to their business. If a safety evolution is shown to reduce the number of crash claims, then insurers may pass some of the reduce...

Read More

  1. Dollar Hits Seven-Week Low On Housing Data

    The dollar on Tuesday fell against the euro to its lowest in seven weeks after weak U.S. data on factory activity and homebuilder confidence stoked uncertainty about...

  2. ECB holds key interest rate at 0.25%

    IG market analyst Brenda Kelly on the European markets.

  3. EU Inflation Slows in Blow to ECB Policy

    An unexpected drop in euro zone inflation raises pressure on the European Central Bank to consider fresh policy action next week to counter deflation risks and suppo...

  4. Australia Stocks Start Lower, With IAG, BHP Down

    Australia stocks dipped lower early Thursday, with the S&P/ASX 200 falling 0.4% to 5,300.50. Among the major decliners, Insurance Australia Group Ltd. lost 2.3% afte...

  5. Australia Inflation Data Send Currency Higher

    Australia's consumer prices for the October-December quarter came in higher than expected, pushing up the Australian dollar as the market priced in a slightly lower ...

  6. Deflation: Biggest problem for the markets in 2014?

    Markets.com chief economist Bill Hubard on the European markets.

  7. BOE interest rates remain unchanged

    Markets.com chief economist Bill Hubard on the BOE’s decision on interest rates and stimulus.

  8. Will the Fed finish tapering in 2014?

    STA Wealth Management CEO Lance Roberts and SFG Alternatives CIO Larry Shover on the Federal Reserve and concerns of a market correction.

  9. Eurozone inflation rate falls in December

    Commerzbank global equities economist Peter Dixon on the European markets.

  10. 'Campaigner-in-Chief' starts New Year with same-old tone

    Former Reagan adviser Pat Buchanan on President Obama blaming Republicans for the puase in jobless benefits in his first radio address of 2014. Plus, is the nation going to pot?

  11. Offices try to boost productivity during the holidays

    Jamie Pennington explains how you can keep your employees motivated and happy

  12. European Shares Flat After Three-Day Drop

    European shares looked to be stabilizing after three days of sustained selling on Thursday, as focus turned to the European Central Bank's monthly meeting for any si...

  1. Boosting Turkey’s growth

    EBRD Turkey director Michael Davey on Turkey’s economy.

  2. Got $1,000? Buy a Crash-Avoidance System for Your Car

    Crash-avoidance systems have been reserved for newer vehicles, mostly luxury models. But now anyone with a 2000-model car or younger and willing to buy one can have ...

  3. BlackRock CEO Larry Fink on the global economy

    BlackRock CEO Larry Fink says investors are re-evaluating their approach to emerging markets.

  4. Dollar Up Vs. Yen, Gives Up Euro Gains

    The U.S. dollar edged higher against the yen Monday as traders appeared to shrug off further signs of slowing Chinese growth and tensions over Russia's annexation of...

  5. DIY: Create apps without knowing code

    Trackvia CEO Pete Khanna on his app that allows users to create their own apps.

  6. Global Markets Climb as Traders Brace for ECB

    World shares rose on Thursday, supported by diplomatic efforts to cool the crisis in Ukraine, while the euro held steady on speculation the European Central Bank wou...

  7. European Stocks Grind Higher With ECB, BOE In View

    European stock markets advanced at the open on Thursday, as investors waited for rate decisions from the European Central Bank and the Bank of England as well as U.S...

‹ Prev12345Next ›
Freebase CC-BY
Source: Rate Cut on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL