Uninsured and Underinsured Drivers on the Rise in 2023, IRC Report Finds
A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.
February 21
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Colorado
District Of Columbia
Florida
Georgia
Kentucky
US P&C Insurance Industry Improves in 2024 Despite Underwriting Losses
Higher interest rates and improved underwriting have helped the US property and casualty insurance industry recover in 2024, with continued growth and profitability expected in 2025.
February 20
Auto
Insurance Industry
Property
Risk Management
Michigan Expands Auto Theft Task Force to Combat Rising Crime
Michigan is tackling surging auto theft by expanding its Auto Fraud Task Force, partnering with law enforcement to curb organized crime and reduce insurance costs.
February 12
Auto
Fraud
Insurance Industry
Litigation
Michigan
Bringing European Road Safety Strategies to the U.S.
European road safety initiatives, including Vision Zero, are influencing U.S. transportation policies. Experts highlight innovation, enforcement, and education as key factors.
February 5
Auto
Legislation & Regulation
Risk Management
Technology
California
New York
Oregon
How Staged Accidents May Be Driving Up Uber Ride Costs
Allegations of staged accidents and fraudulent medical claims in New York could be inflating Uber ride prices by driving up insurance costs for rideshare drivers.
February 4
Auto
Fraud
Insurance Industry
Litigation
New York
Charlotte Man Charged with Insurance Fraud Over False Deer Collision Claim
A Charlotte man faces a felony insurance fraud charge after allegedly misrepresenting how his vehicle was damaged, claiming a deer strike instead of a hit-and-run crash.
February 4
Auto
Fraud
Insurance Industry
Legislation & Regulation
North Carolina
Michigan’s EV Industry Faces Uncertainty as Federal Policies Shift
The federal government’s new stance on electric vehicles creates uncertainty for Michigan’s EV industry, but major investments and industry leaders remain committed to long-term electrification.
January 29
Auto
Legislation & Regulation
Risk Management
Technology
Georgia
Michigan
New York Unveils Plan to Fix Taxi and Rideshare Insurance Crisis
New York Governor Kathy Hochul has proposed reforms to stabilize the city’s troubled taxi and rideshare insurance market after the collapse of its largest provider, American Transit Insurance Co.
January 24
Auto
Fraud
Legislation & Regulation
Risk Management
New York
Reforms in Louisiana Strive to Mend Insurance Market Challenges
Despite progress through legislative reforms, Louisiana’s insurance market remains burdened by high costs, litigation, and affordability issues, requiring ongoing attention.
January 22
Auto
Legislation & Regulation
Litigation
Property
Florida
Georgia
Louisiana
North Carolina
Property & Casualty Insurance Market Sustains Underwriting Profit Growth into 2025
The U.S. property and casualty insurance industry is poised for continued profitability, fueled by improving personal auto results, economic growth, and challenges in commercial lines.
January 17
Auto
Property
Underwriting
Workers' Compensation
Texas Accuses Allstate of Illegally Using Driver Data to Raise Insurance Rates
Texas has sued Allstate, claiming it illegally gathered sensitive driver data without consent, used it for underwriting, and sold it to third parties, violating state privacy laws.
January 14
Auto
Legislation & Regulation
Litigation
Technology
Texas
Commercial Insurance Rates Moderate in 2024 as Catastrophe Losses Decline
Commercial insurance premiums saw slower increases in 2024, averaging 3.75%, compared to 4.56% in 2023, as lower catastrophe losses drove deceleration in property rates.
January 8
Auto
Liability
Property
Risk Management
The Insurance Revolution: Personalized Policies and Near-Instant Claim Approvals
Insurance companies are adopting AI, blockchain, and automation to simplify claims processes, aiming to deliver personalized policies and faster approvals for customers.
January 6
Auto
Risk Management
Technology
Classic Car Owners Struggle as Auto Insurance Costs Skyrocket
Classic car enthusiasts face rising insurance premiums, with rates climbing six times faster than inflation, leaving many overpaying for insufficient coverage.
January 3
Auto
Insurance Industry
Liability
Risk Management
Why This Trucking Insurance CEO Chooses Dashcams Over Telematics
Harish Kapur, CEO of Across America Insurance Services, challenges telematics’ reliability in trucking, advocating for dashcams as a superior solution while emphasizing strategic partnerships and efficient claims management.
January 3
Auto
Liability
Risk Management
Technology
