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 299

Auto Insurance Claim Insurance Insurer 299

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 Insurer Insured 242

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 …

Auto Insurance 264

Auto Insurance Injury Insurance Carrier Claim 264

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 264

Auto Insurance Commercial Insurance Insurer 264

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 264

Auto Insurance Insurance Insurer Insured 264

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.

Auto Insurance 237

Auto Insurance Policy Insurance Policy Insurance 237

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 264

Auto Insurance Cyber Insurance Quotes Insurance 264

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 …

Auto Insurance 246

Auto Insurance Injury Insurance Insurer 246

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 264

Auto Insurance Liability Insurance Insurer 264

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.

Auto Insurance 263

Auto Insurance Insurance Claim Claim Insurance 263

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 Insurer 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 …

Auto Insurance 200

Auto Insurance Insurance Insurer Insured 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 …

Auto Insurance 246

Auto Insurance Commercial Underwriter Underwriting 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 …

Auto Insurance 211

Auto Insurance Insurance Insurer Insured 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.

Auto Insurance 240

Auto Insurance Liability Insurance Insurer 240

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 …

Auto Insurance 297

Auto Insurance Insurance Insurer Insured 297

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 264

Auto Insurance Claim Insurance Insurer 264

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 …

Auto Insurance 165

Auto Insurance Insurance Insurer Insured 165

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 287

Auto Insurance Insurance Insured Insurer 287

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

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 Insurer Insured 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 Insurer 130

Top Insurance Blogs

APRIL 18, 2025

When people go through the list of auto insurance companies weve written about in the past and their average cost of car insurance, they cant help but wonder why auto insurance in California is so expensive.

Auto Insurance 52

Auto Insurance Insurance Companies Insurance Insurer 52

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.

Auto Insurance 130

Auto Insurance Insurance Insurer Insured 130

Shield Insurance Agency

APRIL 30, 2025

At Shield Insurance Agency, nestled in the heart of Michigan, we know that as the seasons change, so do your auto insurance needs. Spring Cleaning Your Coverage While your vehicle was hibernating, you might have tweaked your auto insurance to reflect its sleepy status.

Auto Insurance 52

Auto Insurance Insurance Agency Insurance Insurer 52

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.

Auto Insurance 130

Auto Insurance Insurance Insurer Insured 130

Top Insurance Blogs

APRIL 15, 2025

Would you like to know the cities in the United States that have the most expensive auto insurance rates in 2025? Why does auto insurance cost more in some states than in others?

Auto Insurance 52

Auto Insurance Insurance Policy Insurance Insurer 52

Rough Notes

DECEMBER 2, 2024

Harrington, CPCU If insurance underwriting were a reality television show, commercial auto underwriting would be cast as the ultimate challenge of endurance for the participants. Like haggard, sweat-soaked individuals scrambling to reach the finish line, commercial auto insurance providers, producers, and buyers […]

Auto Insurance 105

Auto Insurance Commercial Underwriter Underwriting 105

Insurance Journal

JULY 23, 2024

P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021. According to the analysis, private passenger auto insurance … S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S.

Underwriter 290

Underwriter Underwriting Auto Insurance Insurance Industry 290

Insurance Journal

OCTOBER 18, 2024

Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and then laundering the proceeds of that fraud through a network of illicit check cashers. Damian …

Auto Insurance 278

Auto Insurance Insurance Insurer Insured 278

Insurance Journal

APRIL 2, 2025

While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The insurtech recently …

Auto Insurance 278

Auto Insurance Insurance Insurer Insured 278

Insurance Journal

DECEMBER 2, 2024

personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels of risk-adjusted capitalization among carriers. AM Best has revised its outlook to stable from negative for the U.S.

Auto Insurance 299

Auto Insurance Insurance Insurer Insured 299

Insurance Journal

MARCH 9, 2025

The New York State Department of Financial Services in February issued more than $20 million in fines against three dozen auto insurers – for failing to timely report new and terminated auto insurance policies. But insurance companies and advocacy groups …

Auto Insurance 130

Auto Insurance Policy Insurance Policy Insurance 130

Insurance Journal

SEPTEMBER 1, 2024

Auto insurance shopping volume set a new record for the second consecutive quarter of 2024. consumers shopping for auto insurance was up 7%, compared to Q2 2023, according to TransUnion’s latest quarterly Insurance Personal Lines Trends … The number of U.S.

Auto Insurance 246

Auto Insurance Insurance Insurer Insured 246

Insurance Journal

DECEMBER 13, 2024

While publicity about personal auto insurer initiatives has focused chiefly on requested rate increases, there’s more to the picture regarding auto insurers’ efforts to improve underwriting results after two calendar years of record underwriting losses. Improving the overall quality of …

Auto Insurance 246

Auto Insurance Underwriter Underwriting Insurance 246

Insurance Journal

JULY 25, 2024

Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegation that National General and subsidiaries “engaged in a scheme to defraud customers” by putting its insurance product onto vehicles financed by Wells Fargo.

Auto Insurance 247

Auto Insurance Insurance Insurer Insured 247

Insurance Journal

OCTOBER 27, 2024

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

Commercial 278

Commercial Auto Insurance Underwriter Underwriting 278