The average claim payment per insured personal vehicle rose between 2002 and 2022, with higher payments by insurers more than offsetting declines in frequency, according to new research by the Insurance Research Council (IRC) -- like Triple-I, an affiliate of The Institutes.

Kentucky’s governor declared an emergency Wednesday after heavy -- and potentially record-setting – rain caused widespread flooding throughout the state.

Following its successful launch in select markets last year, Toyota Auto Insurance, the automaker’s exclusive insurance product, is now accessible to residents of Colorado, Georgia, and Oregon.

Muscle cars and small vehicles have been identified as having high driver death rates, according to a recent study conducted by the Insurance Institute for Highway Safety (IIHS). The study suggests that the driving behavior and perceptions associated with muscle cars is likely responsible for the elevated fatality rates.

A Texas man who sued State Farm insurance for deducting money from his total loss settlement was awarded $288,517.59 by a jury earlier this month.

Economic losses from catastrophic flooding across Vermont earlier this week could reach into the hundreds of millions of dollars or higher, Aon PLC said in a report Friday.

The rainfall that hit parts of Vermont on Monday had less than a 1-in-100 chance of occurring in any given year, according to federal flood data. And yet, for some residents, it brought a sense of déjà vu -- it rivaled the devastation of another so-called 100-year storm, Hurricane Irene, from a dozen years ago.

In response to the State of Emergency declared by Governor Phil Scott on July 9, the Vermont Department of Financial Regulation has announced a measure to allow property and casualty insurance carriers to utilize individual adjusters who are not licensed in Vermont.

Increased attorney involvement in commercial claims is a direct cause of substantial loss ratios, with costs continuing to rise. These growing costs result from high legal involvement rates, social inflation, third-party litigation funding and bad-faith lawsuits filed by attorneys.

After an extensive four-year investigation, the owner of a Pennsylvania auto body repair business has been sentenced for filing nearly 300 false insurance claims which resulted in over $400,000 in fraudulent payouts.

Missouri Governor Mike Parson took a significant step in enhancing road safety last week by signing a bill that officially makes Missouri the 49th state to prohibit texting while driving.

Three people were killed, and another was seriously injured after a single-vehicle crash that caused the car to burst into flames in the parking lot of an elementary school Saturday night in Murrieta, authorities announced.

As many as 14 million people in the Northeast and New England were still under flood alerts this morning after a summer’s worth of rain fell in parts of New York, forecasters said.

Roy Jackson was on his way home after running some errands. He was driving along State Route 1104 in Lexington about 5 minutes from his house when a driver heading in the opposite direction suddenly swerved into his lane.

Tesla is under scrutiny by the National Highway Traffic and Safety Administration (NHTSA) regarding the safety of its Autopilot and Full Self-Driving (FSD) systems. The NHTSA has demanded that Tesla provide additional data related to these systems or face significant fines.