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What’s Driving Auto Claims Costs During Pandemic

What’s Driving Auto Claims Costs During Pandemic

The long-tail nature of auto bodily injury claims, in addition to insurers’ fixed claims adjustment costs, are among the reasons why insurers are not likely going to reduce auto premiums in proportion to the drop in driving observed during COVID-19.
May 21, 2021 Auto

Three Drown In Vehicles Submerged by Louisiana Floodwaters

Three Drown In Vehicles Submerged by Louisiana Floodwaters

Storms and flooding have killed at least four people in Louisiana this week, officials in the rain-deluged state said Wednesday.
May 19, 2021 Auto Property Louisiana

Cops Bust Tennessee Chop Shop

Cops Bust Tennessee Chop Shop

Authorities in Tennessee recently busted quite the chop shop, which included classic muscle cars, a wrecker, and an excavator, all reportedly stolen.
May 14, 2021 Auto Fraud Tennessee

Pavement Blasted Off Florida Highway by Lightning Strike Flies Through Truck

Pavement Blasted Off Florida Highway by Lightning Strike Flies Through Truck

A lightning strike sent a chunk of highway through the windshield of a truck in Florida on Monday and authorities say the truck’s occupants are lucky that their injuries weren’t more severe.
May 11, 2021 Auto Weird Florida

Ford Recalls 620K Explorers for Loose Roof Rail Covers

Ford Recalls 620K Explorers for Loose Roof Rail Covers

Ford is issuing a recall on 620,483 Explorer mid-size SUVs in the United States because of roof rail covers that might become unattached and cause a hazard on the road for other drivers.
May 10, 2021 Auto Subrogation

Metromile Will Embrace Bitcoin for Insurance Premium and Claim Payments

Metromile Will Embrace Bitcoin for Insurance Premium and Claim Payments

Auto insurance company Metromile soon will let policyholders pay premiums with cryptocurrency and even receive claim payouts in this red-hot form of digital currency.
May 7, 2021 Auto

At Least 5 Tornadoes Confirmed in North Texas

At Least 5 Tornadoes Confirmed in North Texas

Weather officials so far have confirmed at least five tornadoes touched down across North Texas during severe storms on Monday night.
May 6, 2021 Auto Property Texas

Hyundai Recalls Almost 400K Vehicles, Warning of Engine Fires

Hyundai Recalls Almost 400K Vehicles, Warning of Engine Fires

Hyundai and the National Highway Traffic Safety Administration (NHTSA) on Tuesday announced a recall affecting several models due to a risk of engine fires.
May 5, 2021 Auto Subrogation

Employees Relieved After Chubb Ends Pursuit of The Hartford

Employees Relieved After Chubb Ends Pursuit of The Hartford

Insurance company giant Chubb Ltd. recently announced that it has dropped its pursuit of acquiring The Hartford Financial Services Group.
May 4, 2021 Auto Property Connecticut

Understanding the Difference Between Total Loss and Salvage Vehicles

Understanding the Difference Between Total Loss and Salvage Vehicles

Nowhere is the difference between ‘knowing’ something and ‘understanding’ something more evident than when it comes to the relationship between ‘totaling a vehicle’ for insurance purposes and the concept of salvage vehicles under state law.
May 3, 2021 Auto Subrogation

NWS Reports 19 Twisters In Nocturnal Tornado Outbreak Across Mississippi

NWS Reports 19 Twisters In Nocturnal Tornado Outbreak Across Mississippi

Nearly 100,000 Mississippi residents were under a tornado emergency on Sunday night, including the city of Tupelo, as a confirmed large and destructive tornado tore through the region.
May 3, 2021 Auto Property Mississippi

Identity Theft Connected To Auto-Fill On Insurers’ Websites

Identity Theft Connected To Auto-Fill On Insurers’ Websites

The first sign of trouble was the arrival of envelopes from the New York State Department of Labor, all about my wife’s previous earnings and recent unemployment filing. The second was the cheery ‘Welcome to Progressive’ package, telling her how great it was to have her with the company now that she had bought her new auto insurance policy.
April 30, 2021 Auto

EV Maker Partners With Nationwide For Insurance Program

EV Maker Partners With Nationwide For Insurance Program

Rivian’s plans to sell insurance for its electric vehicles are now taking shape, with new details released about data-driven coverage and a partnership with established underwriter Nationwide.
April 30, 2021 Auto

Damage From Texas, Oklahoma Hailstorms May Approach $3.5B

Damage From Texas, Oklahoma Hailstorms May Approach $3.5B

Major hailstorms pelted three big cities across the south-central United States on Wednesday night, shattering windows, denting vehicles and leaving behind headaches for homeowners.
April 30, 2021 Auto Property Oklahoma Texas

Huge Hail, Damaging Storms Strike Texas And Oklahoma

Huge Hail, Damaging Storms Strike Texas And Oklahoma

Hail as large as softballs rained down Wednesday evening as severe thunderstorms struck parts of Texas and Oklahoma. There were 38 reports of severe hail across Texas and Oklahoma, including near San Antonio, Fort Worth and Oklahoma City, according to the Storm Prediction Center.
April 29, 2021 Auto Property Oklahoma Texas
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