DOJ Sues Allstate’s National General for Allegedly Deceptive Insurance Practices
The U.S. alleges that National General Holdings Corp. improperly force-placed insurance on vehicles financed through Wells Fargo for over a decade, causing financial harm to borrowers.
July 26, 2024
Auto
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Arizona
California
Delaware
Missouri
New Hampshire
Premium Renewal Rates Increase Across Major Commercial Lines Except Workers’ Compensation
The Q2 2024 Ivans Index reveals an overall increase in premium renewal rates for major commercial insurance lines, with Workers’ Compensation as the exception, showing a year-over-year decrease.
July 25, 2024
Auto
Insurance Industry
Property
Workers' Compensation
Mississippi
Nebraska
New York
Texas
Wisconsin
Wienermobile Rolls Over on Tri-State Tollway, No Injuries Reported
The Oscar Mayer Wienermobile was involved in a rollover crash on the Tri-State Tollway near Oak Brook, Illinois, resulting in no injuries. The accident caused a lane closure but all involved are safe.
July 25, 2024
Auto
Insurance Industry
Property
Risk Management
Weird
Illinois
Insurance Adjusters Face Overwhelming Workload Challenges
Adjusters in the insurance industry, particularly those working in property claims, are expressing significant frustration and burnout due to overwhelming workloads and unrealistic expectations.
July 22, 2024
Auto
Catastrophe
Insurance Industry
Workers' Compensation
Minnesota
Auto Theft in Canada Drops 17% in 2024
Auto theft in Canada has decreased by 17% in the first half of 2024, thanks to increased border patrols, police collaboration, and government actions, a report finds.
July 19, 2024
Auto
Fraud
Legislation & Regulation
Risk Management
Personal Lines Underwriting Losses Impact US Property/Casualty Insurance Sector
Significant losses in private passenger auto and homeowners segments drive continued unprofitability for the US property/casualty insurance sector.
July 2, 2024
Auto
Insurance Industry
Property
Risk Management
Adjuster’s Strategy Forces Uncooperative Claimant to Comply
An insurance adjuster uses a debtor’s own words to return a wrecked truck to his driveway, forcing the claimant to finally cooperate.
July 2, 2024
Auto
Fraud
Insurance Industry
Litigation
Air-Bag Recalls Affect Over 400,000 SUVs by Volkswagen and Toyota
Volkswagen and Toyota have issued recalls affecting over 400,000 SUVs due to air-bag issues, advising owners to limit certain vehicle uses until repairs are made.
June 27, 2024
Auto
Legislation & Regulation
Technology
Common Apps May Share More Driver Data with Insurers Than Expected
Many drivers are unaware that auto insurance companies may be receiving their driving data from commonly used apps, even if they haven’t signed up for usage-based insurance programs.
June 17, 2024
Auto
Insurance Industry
Risk Management
Technology
Connecticut
New Jersey
Texas
Drivers Favor Speed Alert Systems for Safer Roads
A majority of U.S. drivers support technology that alerts or limits speed, according to an Insurance Institute for Highway Safety survey, suggesting a shift toward safer driving practices.
June 13, 2024
Auto
Legislation & Regulation
Risk Management
Technology
Trust Ranks Highest in Auto Insurance Customer Satisfaction as Prices Surge
With U.S. auto insurance rates surging by 11.2% over the past year, customer trust emerges as a key factor in maintaining satisfaction, according to J.D. Power’s 2024 U.S. Auto Insurance Study.
June 12, 2024
Auto
Insurance Industry
Risk Management
Florida
U.S. Auto Insurance Rebounds in 2024, Homeowners’ Sector Faces Continued Challenges
The U.S. personal insurance sector is set for improved performance in 2024, with the auto segment showing signs of recovery while homeowners’ insurance continues to grapple with volatility from natural catastrophes and rising costs.
June 10, 2024
Auto
Insurance Industry
Property
Risk Management
EV Collision Insights Report: Q1 2024
Q1 2024 sees a significant rise in EV repairable claims and total loss frequency in the US and Canada, highlighting trends in EV repair costs and adoption.
June 7, 2024
Auto
Insurance Industry
Risk Management
Technology
California
Rhode Island Bans Higher Auto Insurance Rates for Widows and Widowers
Rhode Island’s new law, effective January 2025, prevents auto insurers from charging widows and widowers higher rates, treating them the same as married policyholders.
June 6, 2024
Auto
Insurance Industry
Legislation & Regulation
Liability
Delaware
Pennsylvania
Rhode Island
Electric Vehicle Insurance Market Faces Profitability Challenges Amid Rapid Growth
Higher accident rates and steeper repair costs for EVs are creating challenges for insurers trying to maintain underwriting profitability in this burgeoning market, according to a new report from the Swiss Re Institute.
June 5, 2024
Auto
Risk Management
Technology
Underwriting
