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Rethinking Road Rules: U.S. Cities Contemplate ’Right on Red’ Prohibition to Safeguard Pedestrians

Rethinking Road Rules: U.S. Cities Contemplate ’Right on Red’ Prohibition to Safeguard Pedestrians

A dramatic rise in accidents killing or injuring pedestrians and bicyclists has led to a myriad of policy and infrastructure changes.
November 7, 2023 Auto Legislation & Regulation Liability Risk Management California District Of Columbia Illinois Michigan Washington

Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring

Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring

Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.
November 2, 2023 Auto Fraud Insurance Industry Litigation Colorado Minnesota New Jersey New York Oklahoma

Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival

Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival

Severe convective storm losses-the highest in decades-significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023 Auto Catastrophe Legislation & Regulation Property Risk Management

2022 Sees a Dip in Uninsured Driving Rates Post-Pandemic Spike: IRC Report Reveals

2022 Sees a Dip in Uninsured Driving Rates Post-Pandemic Spike: IRC Report Reveals

About one out of seven U.S. drivers operated a private-passenger vehicle without liability insurance in 2022, according to new research by the Insurance Research Council (IRC), an affiliate of The Institutes.
November 1, 2023 Auto Insurance Industry Legislation & Regulation Risk Management

Haunt Happily, Claim Less: APCIA’s Guidance for a Safe Halloween Celebration

Haunt Happily, Claim Less: APCIA’s Guidance for a Safe Halloween Celebration

As kids, parents and yard haunters fill candy bowls, finalize costumes and perfect their spooky decorations, the APCIA reminds us to take a few simple steps to keep Halloween safe and avoid auto and homeowners insurance claims.
October 31, 2023 Auto Property

Unveiling the Three-Stage Digital Revolution in the Insurance Industry

Unveiling the Three-Stage Digital Revolution in the Insurance Industry

In an interview with Insurance Thought Leadership, Gaurav Garg from Oliver Wyman discusses the digital transformation in the insurance industry.
October 31, 2023 Auto Education & Training Liability Risk Management Technology

Guidewire and RiskStream Unite: Revolutionizing the Insurance Landscape with RAPID X Technology

Guidewire and RiskStream Unite: Revolutionizing the Insurance Landscape with RAPID X Technology

By creating a single source of truth, blockchain-based "smart contracts" enable real-time data collection, sharing, and analysis that can reduce fraud, accelerate claims processes, and save the industry $200 billion per year.
October 31, 2023 Auto Fraud Insurance Industry Technology

Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends

Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends

Changes in buyers' behavior mean an insurer using MSRP to set an insurance value is underpricing the vehicle from the start.
October 31, 2023 Auto Insurance Industry Risk Management Technology

Unveiling Modern Trial Tactics in Transportation Cases through Expert Roundtable

Unveiling Modern Trial Tactics in Transportation Cases through Expert Roundtable

CLM's Transportation Community experts discuss virtual mediations and assessing the strength of the plaintiff's attorney.
October 31, 2023 Auto Education & Training Insurance Industry Liability Litigation Illinois Massachusetts Pennsylvania

Halloween Drunk Driving: A Frightening Reality of Impaired Drivers Amid Celebrations

Halloween Drunk Driving: A Frightening Reality of Impaired Drivers Amid Celebrations

The only thing scarier than zombies and witches loose on the streets on Halloween is an impaired driver, according to the U.S. Department of Transportation's National Highway Traffic Safety Administration.
October 30, 2023 Auto Legislation & Regulation Liability Risk Management

Insurance Claims Spookily Spike as Halloween Nears, Says APCIA

Insurance Claims Spookily Spike as Halloween Nears, Says APCIA

Halloween might be the scariest time of the year in more ways than one. Home and auto insurance claims tend to go up the closer we get to Oct. 31, according to the American Property Casualty Insurance Association.
October 30, 2023 Auto Liability Property

State Farm Sees a Significant Dip in Catalytic Converter Theft Claims in H1 2023

State Farm Sees a Significant Dip in Catalytic Converter Theft Claims in H1 2023

According to the company's latest data, there were approximately 14,500 claims related to catalytic converter thefts during this period, marking a significant drop from the 23,570 claims made in the same period last year.
October 27, 2023 Auto Insurance Industry Legislation & Regulation Risk Management

Striking a Digital Balance: Insurers Tackling Claims Complexity in a Digital Age

Striking a Digital Balance: Insurers Tackling Claims Complexity in a Digital Age

Americans are turning to digital channels for some home and auto insurance needs, but other areas have proven more complicated.
October 27, 2023 Auto Insurance Industry Liability Property Technology

Auto Claims Satisfaction Scores Are Up Despite Longer Repairs

Auto Claims Satisfaction Scores Are Up Despite Longer Repairs

An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022.
October 26, 2023 Auto Insurance Industry Technology

Commercial Auto Telematics Hitting a ’Tipping Point’

Commercial Auto Telematics Hitting a ’Tipping Point’

Telematics is revolutionizing the management of commercial fleets, driving enhanced safety, efficiency, and regulatory compliance among North American firms.
October 25, 2023 Auto Risk Management Technology
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