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Consumer Watchdog Criticizes California's ‘Unjustified’ Auto Insurance Rate Hikes
Consumer Watchdog Criticizes California's ‘Unjustified’ Auto Insurance Rate Hikes Published March 23, 2023 California Insurance Commissioner Ricardo Lara's recent approval of a $263.
Indiana Farmers Insurance Now Using AI-Powered Estimating from CCC
Published March 23, 2023 CCC Intelligent Solutions Inc. announced March 22 that Indiana Farmers Insurance is the latest auto insurer to leverage its industry-first AI-powered CCC® Estimate–STP solution.
Allstate Keeps Auto Rate Hikes Coming
Written by Chad Hemenway, Insurance Journal Published March 14, 2023 Allstate Corp. updated its initiative to accelerate auto insurance rate increases.
Nationwide Reports 2022 Record Sales, Growth Amid Challenging Conditions
Published March 2, 2023 Nationwide reported 2022 earnings results March 2, reflecting one of the strongest performances in the company's 96-year history.
With Car Insurance Costs Up 14%, Many Decide to 'Self-Insure'
Written by Gordon Severson, KARE 11 News Published Feb. 28, 2023 Inflation has been one of the biggest buzzwords lately, so it should come as no surprise to anyone that auto insurance is becoming more expensive.
Auto Insurance Customers with Poor Credit Pay Up to 60% More
Published Feb. 27, 2023 AutoInsurance.org recently released its list of the 12 most significant factors that affect auto insurance.
Auto Insurers Taking AI Broader, Deeper Across Claims in 2022
Published Feb. 21, 2023 CCC Intelligent Solutions Inc. on Feb. 21 announced an update to its insurer AI adoption report, which for the third straight year shows significant growth in the adoption of AI in auto claims.
Insurers See California EV Sales Trends Driving Rate Filing Approval Urgency
Written by Don Jergler, Insurance Journal Published Feb. 21, 2023 Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with an estimated increase in market share of 17.
Collision Repairers Place 29 Carriers on Insurer Report Card Honor Roll
Published Feb. 21, 2023 Among more than 87 auto insurance companies graded by collision repairers in terms of how well they work to ensure quality repairs and customer service, 29 received a “B” or higher to earn a spot on the Honor Roll in the 2023 CRASH Network Insurer Report Card.
Louisiana Men Sentenced for Staging Accidents to Defraud Insurance, Trucking Companies
Published Feb. 20, 2023 John Diggs, 62, of Thibodaux, LA, and James Williams, 68, of Gibson, LA, were both sentenced Feb.
N.C. Rate Bureau Requests 28.4% Rate Increase for Auto Insurance
Published Feb. 13, 2023 Insurance Commissioner Mike Causey on Feb. 2 announced the North Carolina Rate Bureau has submitted a rate filing with the N.
Insurer Trade Groups Respond to Illinois’ Rate Regulation Bill
Written by Lyle Adriano, Insurance Business Magazine Published Feb. 9, 2023 The American Property Casualty Insurance Association (APCIA), the Illinois Insurance Association (IIA) and National Association of Mutual Insurance Companies (NAMIC) have together issued a statement decrying a newly announced Illinois bill which would limit the number of non-driving factors auto insurance companies can use in setting the rates of consumers.
Some Auto Insurers Refusing to Cover Certain Hyundai and Kia Models
Written by Peter Valdes-Dapena, CNN Business Published Jan. 30, 2023 Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies.
Maryland Auto Celebrates 50 Years of Insuring Maryland Drivers
Maryland Auto Celebrates 50 Years of Insuring Maryland Drivers Published Jan. 26, 2023 In 2023, Maryland Auto Insurance marks 50 years of providing coverage to Maryland drivers unable to obtain auto insurance in the standard market.
Major Car Insurance Companies Getting Out of California
Written by KCAL News Staff Published Jan. 23, 2023 Major auto insurers are pulling back in the California marketplace, saying the state's drivers are just too expensive to insure.
Auto Insurance Rates Will Rise Across the U.S. in 2023
Published Jan. 13, 2023 Car insurance rates are expected to increase by 8.4% across the U.S. in 2023, amid the increase in drivers returning to the road.
Romans Group Releases 2021 Profile of Collision Repair Marketplace
Published Jan. 9, 2023 The Romans Group announced its 16th annual white paper, A 2021 Profile of the Evolving U.
Independent Adjusters Charge Florida Insurers with Doctoring Damage Estimates
Written by William Rabb, Insurance Journal Published Dec. 29, 2022 Do some Florida property insurance companies hire independent adjusters to inspect property claims, then routinely alter their inspection reports to reduce estimated losses? Yes, and it’s a widespread and fraudulent practice, according to three adjusters who spoke Dec.
Americans Will Pay 16% More for Car Insurance by the End of 2023
Published Dec. 8, 2022 The average American driver will pay nearly $1,900 for car insurance in 2023, as insurance rates continue to rise across the country, according to the Insurify 2022 Auto Insurance Trends Report: 2022 in Review and What’s Ahead for 2023.
Auto and Home Insurance Claims Processes Suffer Digital Growing Pains
Published Dec. 6, 2022 The ongoing digital transformation of the property and casualty (P&C) insurance industry has hit some speedbumps when it comes to customer satisfaction among those who use insurers’ digital channels to manage their claims.
Crash Victims Say They’re Waiting Long for Repairs, Insurance Won’t Extend Rental Car
Written by Jason Stoogenke, WSOC-TV Published Nov. 29, 2022 Some crash victims are frustrated after waiting for repairs from auto body shops running behind schedule because of parts shortages.
Tesla Adds Insurance to Minnesota, Raises Rates in Other States
Written by Joey Klender, Teslarati Published Nov. 22, 2022 Tesla is introducing its in-house insurance program to drivers in Minnesota, the 12th state to qualify for the automaker’s coverage.
CerebrumX to Use Ford Connected Data in Usage-Based Insurance Offering
Published Nov. 15, 2022 CerebrumX Lab Inc., an AI-driven automotive data services and management platform, announced Nov.
Maryland Auto Insurance Participates in Disaster Recovery Emergency Management Program Facilitated by MEMA
Maryland Auto Insurance Participates in Disaster Recovery Emergency Management Program Facilitated by MEMA Published Nov.
Some Americans Consider Driving Less, Skipping Coverage in Face of Rising Insurance Costs
Published Oct. 26, 2022 Insurify released its 2022 Auto Insurance Trends Report: Who’s Paying More for Coverage, the first part of a two-part report that comprehensively covers 2022’s unique car insurance landscape.
Toyota Auto Insurance Comes to Texas
Published Oct. 20, 2022 Toyota Auto Insurance, the automaker's branded insurance product, is now available to customers residing in Texas.
Collision Repairers Actually Lament Lack of Insurance Adjusters in Shops
Written by John Yoswick, Autobody News Published June 08, 2022 Aaron Schulenburg of the Society of Collision Repair Specialists (SCRS) said he was surprised by one of the findings of the association’s survey earlier this year asking shops about what changes could have a positive impact on their business.
CDI Takes Action Against Insurers for Various Acts: Capping Labor Rates, Lowballing, Trade Practices
Written by Ed Attanasio, Autobody News Published Oct. 12, 2015 The California Department of Insurance (CDI) took action recently against Allstate Insurance, Sterling Casualty and Alliance United Insurance based on allegations listed in three separate statements of charges/accusations concerning illegal labor rate practices that were allegedly unfair and/or deceptive and based on complaints from body shops throughout the state.
SCRS Meeting Discusses Insurance Regulation, State Farm
Written by John Yoswick, Autobody News Published June 21, 2012 State Farm’s PartsTrader program, the use of shops’ estimating and other data, and how one state regulator oversees auto insurers, were among the topics at a recent board meeting of the Society of Collision Repair Specialists (SCRS).
State Insurance Divisions Differ From One Another in Terms of Addressing Repairer Concerns
Written by John Yoswick, Autobody News Published September 22, 2011 It’s a common complaint among collision repairers: It’s not worth contacting the state insurance commissioner’s office because they don’t do anything about our complaints.
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