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3 N.J. Men Charged In Theft Of $1.5 M In Luxury Vehicles

3 N.J. Men Charged In Theft Of $1.5 M In Luxury Vehicles

Three men — one from Union County and two from Essex County — have been charged for their roles in a car theft-ring that stole about $1.5 million in luxury vehicles last year in New Jersey, New York and Connecticut, authorities said .
June 25, 2020 Auto New Jersey

Amarillo, Texas Hail Storm Considered Catastrophic Due To High Volume Of Insurance Claims

Amarillo, Texas Hail Storm Considered Catastrophic Due To High Volume Of Insurance Claims

Friday’s hail storm in Potter and Randall Counties was declared a catastrophic event, meaning over 500 insurance claims were made in each county. The Insurance Council of Texas is projecting around 2,800 auto claims and around 1,600 homeowners claims in Amarillo from the first round of hail storms in Amarillo.
June 23, 2020 Auto Catastrophe Property Texas

Custom Wrangler, Special Edition Ford Truck Sunk Trying To Save Exotic Boat

Custom Wrangler, Special Edition Ford Truck Sunk Trying To Save Exotic Boat

What should have been an enjoyable day out on the water turned into an expensive serious of events for a boat owner in Indiana.
June 22, 2020 Auto Indiana

Jeep Recalls 95K To Fix Transmission Issue

Jeep Recalls 95K To Fix Transmission Issue

Fiat Chrysler is recalling almost 95,000 Jeep Cherokees worldwide because a transmission problem can cause the small SUVs to lose power unexpectedly. Also, when drivers shift into park, the transmissions may not go there, increasing the risk of a rollaway crash.
June 19, 2020 Auto Subrogation

Auto Insurance Websites Are More Important To Customer Experience Than Agents

Auto Insurance Websites Are More Important To Customer Experience Than Agents

The J.D. Power 2020 U.S. Auto Insurance Study released last week revealed that auto insurance websites have become more important to the customer experience than human agents for the first time.
June 17, 2020 Auto Technology

COVID-19 Has Accelerated Changes In Auto Claims

COVID-19 Has Accelerated Changes In Auto Claims

Auto insurance customers should enjoy a shorter claims journey if pandemic-related changes stick around, insurance pros told Canadian Underwriter recently. Social distancing rules related to the COVID-19 pandemic have forced the insurance industry, along with its customers, to adopt technology for insurance-related services.
June 17, 2020 Auto Technology

Storm Leaves Catastrophic Hail Damage In Calgary

Storm Leaves Catastrophic Hail Damage In Calgary

The weekend hailstorm that tore up houses, smashed car windows and flooded streets in Calgary is expected to be labelled a natural catastrophe, according to an insurance expert.
June 17, 2020 Auto Catastrophe Property

IIHS Study: SUVs More Deadly To Pedestrians Than Cars

IIHS Study: SUVs More Deadly To Pedestrians Than Cars

SUVs are more likely than passenger cars to injure or kill pedestrians, according to a new U.S. insurance industry study which recommended design changes to improve safety.
June 16, 2020 Auto Liability

Top 10 Bizarre Insurance Claims

Top 10 Bizarre Insurance Claims

Insurance plays a significant role in everything imaginable. One reason why is because it must be legally owned to perform certain activities — think of auto insurance and driving a car; other examples of compulsory insurance include workers’ compensation and professional liability insurance.
June 12, 2020 Auto Liability Property Weird Workers' Compensation

How An Independent Adjusting Firm Is Handling Property Inspections

How An Independent Adjusting Firm Is Handling Property Inspections

Despite the unprecedented closures and precautions arising from the ongoing pandemic, claims adjusters continue to inspect properties affected by disasters.
June 12, 2020 Auto Property

Estimated Insured Losses From Tropical Storm Cristobal Near $150M

Estimated Insured Losses From Tropical Storm Cristobal Near $150M

Catastrophe modeling firm Karen Clark & Company (KCC) estimates that insured losses from Tropical Storm Cristobal will reach nearly $150 million. KCC’s estimate, which was based on its high-resolution US Hurricane Reference Model, includes privately insured wind and storm surge damage to residential, commercial, and industrial properties and vehicles.
June 11, 2020 Auto Property Alabama Louisiana Mississippi

Future Is Already Here In Claims

Future Is Already Here In Claims

A perfect storm of macro factors has supercharged several trends in the insurance industry, producing almost touchless processes for claims and enabling cycle times of seconds, minutes and hours instead of days and weeks.
June 10, 2020 Auto Excess & Surplus Lines Liability Property Technology

Total Loss Trends Emerge Amidst The Pandemic

Total Loss Trends Emerge Amidst The Pandemic

Every industry has been impacted by actions taken to control the spread of COVID-19, including the automotive industry. Growing unemployment, coupled with a pivot to remote working, has changed consumer priorities and curtailed car-buying habits.
June 9, 2020 Auto Salvage Technology

Cristobal Downgraded To Tropical Depression After Weekend Of Flooding, Tornadoes

Cristobal Downgraded To Tropical Depression After Weekend Of Flooding, Tornadoes

Tropical Storm Cristobal downgraded to a tropical depression Monday morning as it continued to spiral north into Louisiana after a weekend that plagued Florida with tornado warnings including an EF1 tornado that damaged homes in Orlando.
June 8, 2020 Auto Property Florida Louisiana

Honda, Acura Recalling Nearly 140K 2018—2019 Vehicles For Fuel Pump Problem

Honda, Acura Recalling Nearly 140K 2018—2019 Vehicles For Fuel Pump Problem

Honda has issued a recall and stop-sale order on 136,057 Honda and Acura models, mostly from the 2018 and 2019 model years, to fix a fuel pump that could fail, causing the vehicle to stall.
June 4, 2020 Auto Subrogation
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