Insurance Journal

MAY 5, 2025

CEO Tom Wilson said he does not expect auto insurers to get more aggressive on pricing as the industry’s increases seem to have leveled off. Allstate Corp. For the most part, Wilson explained to analysts during a call to discuss …

Auto Insurance 275

Auto Insurance Insurance Insured Insurer 275

Insurance Journal

AUGUST 15, 2024

As industrywide auto insurance loss costs appear to be moderating, consumers continue to shop policies at elevated rates, according to the latest quarterly Insurance Personal Lines and Perspectives report from TransUnion. The American consumer credit reporting agency found that the …

Auto Insurance 262

Auto Insurance Insurance Insured Insurer 262

Insurance Journal

JANUARY 15, 2025

Fiesta Auto Insurance and Tax Services announced the signing of new a deal to open its latest location in Katy, Texas. The office will be located at 3939 N. Fry Road, Suite B. This new location will mark Fiesta’s 30th …

Auto Insurance 262

Auto Insurance Insurance Insured Insurer 262

Insurance Journal

JULY 23, 2024

The national auto insurance shopping and quoting rate reached a new high between April and June, but many insurers appear to have achieved or are approaching rate adequacy, “which should lead to less rate activity and perhaps less shopping in …

Auto Insurance 296

Auto Insurance Insurance Insured Insurer 296

Insurance Journal

NOVEMBER 21, 2024

A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for coverage, they also have more claims and driving infractions. The study’s authors accept that higher losses and …

Auto Insurance 296

Auto Insurance Claim Insurance Insured 296

Insurance Journal

JUNE 15, 2025

The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. However, it’s a winding road, according to the 2025 annual LexisNexis …

Auto Insurance 245

Auto Insurance Premium Insurance Insured 245

Insurance Journal

MARCH 31, 2025

According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure for auto insurance …

Auto Insurance 242

Auto Insurance Insurance Insured Insurer 242

Insurance Journal

JUNE 10, 2025

The rise of autonomous vehicles will force a reconfiguration of the $400 billion US auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about liability remain, according to Goldman Sachs. “Autonomy has the potential …

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Auto Insurance Liability Insurance Industry Insurance 249

Insurance Journal

JULY 2, 2025

New York City Mayor Eric Adams has signed into law legislation reducing the auto insurance liability coverage that for-hire vehicles must carry. The new law reduces the amount of personal injury protection (PIP), or no-fault, insurance coverage that the city’s …

Auto Insurance 273

Auto Insurance Injury Liability Insurance 273

Insurance Journal

SEPTEMBER 4, 2024

Florida authorities have charged a Miami-area nurse practitioner and two others with creating false medical reports and attempting to defraud an auto insurance carrier out of more than $47,000. Local news reports said that investigators with the state Department of …

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Auto Insurance Injury Insurance Carrier Claim 263

Insurance Journal

DECEMBER 5, 2024

Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines n the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company …

Auto Insurance 263

Auto Insurance Commercial Insurance Insured 263

Insurance Journal

SEPTEMBER 27, 2024

Self-driving cars could make personal auto insurance largely obsolete within 20 years, according to a worst-case scenario modeled by Morningstar. A more likely, moderate scenario forecasts the line could remain necessary for a few more decades, until 2060. The firm’s …

Auto Insurance 263

Auto Insurance Insurance Insured Insurer 263

Insurance Journal

FEBRUARY 25, 2025

Multi-year market conduct investigations by the New York State Department of Financial Services have resulted in $20 million in fines and consent orders against three dozen auto insurers for failing to timely report new and terminated auto insurance policies.

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Auto Insurance Policy Insurance Policy Insurance 236

Insurance Journal

JANUARY 9, 2025

Massachusetts Governor Maura Healey recently signed legislation increasing the minimum coverage limits of auto insurance for some mandatory coverages. These new limits will apply to policies issued or renewed on or after July 1, 2025: Bodily Injury Coverage increases from …

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Auto Insurance Injury Insurance Insured 246

Insurance Journal

NOVEMBER 25, 2024

Two auto insurers will pay fines totaling $11.3 million for data breaches of online insurance quoting systems that New York officials say compromised personal information of an estimated 120,000 customers in total. New York Attorney General Letitia James and New …

Auto Insurance 263

Auto Insurance Cyber Insurance Quotes Insurance 263

Insurance Journal

SEPTEMBER 12, 2024

Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history. Sentry will pay $1.1 billion in cash and assume liabilities and …

Auto Insurance 263

Auto Insurance Liability Insurance Insured 263

Insurance Journal

AUGUST 1, 2024

A Colorado man who aided a former insurance claims adjuster in an auto insurance claims scheme was sentenced this week. In 2020, Brassfield, 55, of Aurora, reportedly aided former Travelers Insurance employee Colette Palin, 63, of Aurora in committing fraud.

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Auto Insurance Insurance Claim Claim Insurance 261

Insurance Journal

MARCH 24, 2025

New York Attorney General Letitia James has secured $975,000 in penalties from auto insurance company Root over a data breach that the state says exposed the personal information of about 45,000 New Yorkers. Root does not offer insurance in New …

Auto Insurance 219

Auto Insurance Insurance Companies Insurance Insured 219

Insurance Journal

APRIL 7, 2025

Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents. HF 2215 would establish the Minnesota Lifeline Insurance Program, a state-sponsored, alternative auto insurance option for motorists who have a household adjusted gross …

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Auto Insurance Insurance Insured Insurer 200

Insurance Journal

NOVEMBER 13, 2024

commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. After the U.S. Despite targeted underwriting initiatives, including raising premiums to match the rising …

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Auto Insurance Commercial Underwriting Underwriter 246

Insurance Journal

FEBRUARY 5, 2025

The North Carolina Rate Bureau, basing its filing on input from insurers in the state, has requested a 22.6% average increase in auto insurance rates, starting Oct. The state insurance commissioner will have input and, if previous rate changes …

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Auto Insurance Insurance Insured Insurer 211

Insurance Journal

FEBRUARY 7, 2025

Allstate’s plan to correct its auto insurance business has “restored profitability back to target levels,” said the insurer’s head of personal insurance.

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Auto Insurance Liability Insurance Insured 238

Insurance Journal

JULY 9, 2025

Inshur said it as received a $35 million capital raise from alternative asset manager Trinity Capital to invest in research and development of artificial intelligence technology to support its embedded auto insurance policies within the autonomous vehicle market. The company …

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Auto Insurance Insurance Policy Policy Insurance 177

Top Insurance Blogs

JUNE 13, 2025

A new push to overhaul how auto insurance premiums are calculated in the United States is gaining momentum. This week, the Prohibit Auto Insurance Discrimination (PAID) Act was reintroduced in the U.S. The bill, championed by Representatives […] The post U.S.

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Auto Insurance Premium Insurance Industry Insurance 66

Central Insurance

MAY 21, 2025

Learn how the teenSMART program improves teen driver safety and may help lower your auto insurance premium with Central. Heres What You Need to Know About Safetyand Your Insurance Rates appeared first on Central Insurance Blog. The post New Teen Driver?

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Auto Insurance Premium Insurance Insured 231

Insurance Journal

JULY 7, 2025

The number of Maryland auto insurance policies enrolled in a telematics program has been consistently growing, increasing by about 45% from 2021 to 2023. About 55% of the enrolled policies experienced an increase or decrease in premiums, according to results …

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Auto Insurance Premium Insurance Policy Policy 177

Insurance Journal

OCTOBER 7, 2024

Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to CCC Intelligent Solutions Inc.’s ’s Crash Course Q3 2024 …

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Auto Insurance Insurance Insured Insurer 294

Insurance Journal

DECEMBER 19, 2024

A California man was sentenced to 16 years in prison for filing false claims on dozens of auto collisions. Jacob McNabb, 33, of Bakersfield, was sentenced following a jury’s guilty verdict on four felony counts including insurance fraud after a …

Auto Insurance 263

Auto Insurance Claim Insurance Insured 263

Insurance Journal

APRIL 2, 2025

The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, “Reinventing the insurance customer experience for loyalty,” highlights how collaboration among original equipment manufacturers (OEMs), insurers and captives can drive the …

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Auto Insurance Insurance Insured Insurer 164

Insurance Journal

AUGUST 14, 2024

Bureau of Labor Statistics reported today that the Consumer Price Index (CPI) increased 0.2 percent in July, after declining 0.1 percent in June. Over the last 12 months, the all items index increased 2.9 The core consumer …

Auto Insurance 284

Auto Insurance Insurance Insured Insurer 284

TGS

MARCH 17, 2025

TGS Insurance Blog Lets be realwhen its time to pick an auto insurance policy, most of us are just hunting for the cheapest option that doesnt leave us totally exposed. So, lets break it down: what exactly is liability only auto insurance, and what risks are you signing up for if you roll with it?

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Auto Insurance Liability Risk Out-Of-Pocket 59

Insurance Journal

JUNE 15, 2025

Connecticut lawmakers have passed a measure to shift the cost of auto insurance arbitration hearings between claimants and insurers over damage claims to the insurance industry. Currently the department of insurance absorbs the average $3,075 cost to hold each of …

Claim 146

Claim Auto Insurance Damage Insurance Industry 146

Central Insurance

JULY 22, 2024

Learn about essential Nevada auto insurance coverages to protect yourself on the road. The post Nevada Auto Insurance: What to Consider When Covering Your Vehicles appeared first on Central Insurance Blog. Nevada drivers face unique risks, from extreme weather to diverse driving conditions.

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Auto Insurance Insurance Insured Insurer 130

Insurance Journal

JANUARY 8, 2025

Auto Insurance Rates is Being Subsidized by Collector Car Owners According to Classic & Collector Insurer OpenRoad Standard auto insurers continue their efforts to recover from the unprecedented losses they experienced during COVID-19 due to … The Meteoric Rise in U.S.

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Auto Insurance Insurance Insured Insurer 130

Central Insurance

JULY 2, 2024

Learn how to navigate Arizona auto insurance for your commercial business by understanding essential coverage types and unique state risks. The post Navigating Arizona Auto Insurance for Your Commercial Business appeared first on Central Insurance Blog.

Auto Insurance 130

Auto Insurance Commercial Insurance Insured 130

Insurance Journal

JULY 1, 2025

A Maryland woman has been indicted on two counts of felony theft for allegedly stealing funds from a general contractor and from the state’s backup auto insurer. Attorney General Anthony G. Brown said an Anne Arundel County grand jury charged …

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Theft Auto Insurance Insurance Insured 159

Insurance Journal

APRIL 20, 2025

According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure for auto insurance–as a …

Auto Insurance 130

Auto Insurance Insurance Insured Insurer 130