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GM Recalls 21,469 Cadillac Lyriq Models Due to Unexpected ABS Activation

General Motors recalls certain 2023-2024 Cadillac Lyriq models due to a potential defect in the ABS, which may activate unexpectedly and lead to a loss of brake pressure, increasing the risk of accidents.
August 14, 2024 Auto Litigation Risk Management Technology Michigan

Federal Authorities Probe Fatal Tesla Cybertruck Crash and Fire in Texas

The National Highway Traffic Safety Administration is gathering information on a fatal crash involving a Tesla Cybertruck in Texas but has not launched a formal investigation.
August 14, 2024 Auto Legislation & Regulation Litigation Technology Texas

Georgia’s Auto Insurance Costs Surge, Now Among the Least Affordable in the U.S.

Georgia has become one of the least affordable states for auto insurance, with rising costs driven by factors such as legal system abuse, uninsured motorists, and increased litigation, according to a recent IRC study.
August 12, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Georgia Louisiana Mississippi New York

Insurtech’s Quiet Revolution: Real Successes Behind the Headlines

Despite recent reports of its demise, insurtech is thriving within large carriers, driving innovation and competitive advantage through technologies like telematics, IoT, and data analytics.
August 12, 2024 Auto Insurance Industry Risk Management Technology

Multimillion-Dollar Insurance Fraud Ringleader Admits Guilt in Spokane

William Oldham Mize, the mastermind behind a multimillion-dollar insurance fraud scheme involving staged accidents, pled guilty in Spokane Federal Court. The scheme spanned multiple states and involved numerous conspirators, resulting in over $6 million in fraudulent insurance claims.
August 8, 2024 Auto Fraud Insurance Industry Litigation California Florida Idaho Nevada Washington

Simplifying Insurance with IoT: A Streamlined Future

IoT technology is poised to simplify insurance by enhancing data integration, improving risk analysis, and overcoming workforce challenges, ultimately protecting people and businesses more effectively.
July 30, 2024 Auto Insurance Industry Risk Management Technology

Former Adjuster Admits to $268K Auto Insurance Fraud Scheme

A former claims adjuster from Aurora has confessed to stealing over $268,000 from her employer by filing fraudulent auto insurance claims, resulting in felony theft charges for her and two accomplices.
July 29, 2024 Auto Fraud Insurance Industry Litigation Colorado Florida

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
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