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Thanksgiving Travel Expected to Break Records, Says AAA

Thanksgiving Travel Expected to Break Records, Says AAA

Thanksgiving travel this year is expected to surpass pre-pandemic levels, with nearly 80 million Americans traveling by car, air, and other modes, setting new records across the board.
November 22, 2024 Auto Insurance Industry Risk Management California Florida Hawaii New York Washington

New Hampshire Supreme Court Strikes Down Geico’s Underinsured Motorist Claim Deadline

New Hampshire Supreme Court Strikes Down Geico’s Underinsured Motorist Claim Deadline

The New Hampshire Supreme Court ruled that a Geico policy requiring underinsured motorist claims within three years of an accident is unenforceable, citing conflicts with state law designed to protect injured insureds.
November 14, 2024 Auto Insurance Industry Legislation & Regulation Litigation New Hampshire

GM Issues Recall on Diesel Pickups and SUVs Over Rear Wheel Lock-Up Risk

GM Issues Recall on Diesel Pickups and SUVs Over Rear Wheel Lock-Up Risk

General Motors is recalling nearly 462,000 Chevrolet, GMC, and Cadillac vehicles with diesel engines due to a defect in the transmission control valve that could cause rear wheels to lock up, raising crash risks.
November 14, 2024 Auto Legislation & Regulation Risk Management Technology

Allstate Seeks Repayment from Hyundai, Kia Over Vehicle Fire Claims

Allstate Seeks Repayment from Hyundai, Kia Over Vehicle Fire Claims

Allstate and subsidiaries are suing Hyundai and Kia, claiming the automakers failed to address known fire risks in certain vehicles, resulting in insurance payouts for damages related to vehicle fires.
November 14, 2024 Auto Liability Litigation Subrogation California

Commercial Auto Insurance Faces Steep Losses Despite Rate Hikes, AM Best Reports

Commercial Auto Insurance Faces Steep Losses Despite Rate Hikes, AM Best Reports

Despite over a decade of rate hikes and underwriting reforms, the commercial auto insurance sector has faced escalating losses, with 2023 marking its worst year on record due to high claims costs, social inflation, and other persistent challenges.
November 14, 2024 Auto Litigation Risk Management Underwriting

Tesla Cybertruck Recall of 2,400 Units Marks Sixth This Year

Tesla Cybertruck Recall of 2,400 Units Marks Sixth This Year

Tesla recalls 2,400 Cybertrucks in the U.S. over a faulty driver inverter that could cause loss of power, raising crash risks. This latest issue, which affects Cybertrucks manufactured through July 30, follows several other recalls issued in 2024.
November 14, 2024 Auto Legislation & Regulation Risk Management Technology

Fake Bear Attack Insurance Scam Leads to Arrests in California

Fake Bear Attack Insurance Scam Leads to Arrests in California

Four Southern California residents were arrested on suspicion of insurance fraud after allegedly submitting false claims that their cars were damaged by a bear, which officials say was a person in a bear costume.
November 14, 2024 Auto Fraud Litigation Risk Management Weird California

Progressive Faces Class Action Over Alleged Denial of Collision Insurance in Massachusetts

Progressive Faces Class Action Over Alleged Denial of Collision Insurance in Massachusetts

Progressive is embroiled in a class-action lawsuit alleging that it unlawfully refused to offer collision insurance to Massachusetts drivers, potentially impacting hundreds and sparking questions about legal compliance.
November 11, 2024 Auto Insurance Industry Legislation & Regulation Litigation Massachusetts

Brooklyn Man Charged with Insurance Fraud After Allegedly Staging Car Crash Caught on Viral Dash Cam Video

Brooklyn Man Charged with Insurance Fraud After Allegedly Staging Car Crash Caught on Viral Dash Cam Video

A Brooklyn man faces multiple charges after allegedly staging a car accident on the Belt Parkway, an event captured on dash cam that went viral on social media. Authorities say the incident endangered lives and remains under investigation for additional suspects.
November 11, 2024 Auto Fraud Litigation Risk Management New York

High Cost of Car Insurance Drives 35% of Parents to Commit Fraud

High Cost of Car Insurance Drives 35% of Parents to Commit Fraud

In a new study, 35% of parents admit to "fronting" on car insurance policies for young drivers to save on rising premiums. Although common, fronting is illegal and can result in fines, policy cancellation, or criminal charges.
November 7, 2024 Auto Fraud Legislation & Regulation Risk Management

Volkswagen to Recall 114,000 U.S. Vehicles Over Airbag Explosion Hazard

Volkswagen to Recall 114,000 U.S. Vehicles Over Airbag Explosion Hazard

Volkswagen is recalling over 114,000 Beetle and Passat vehicles across the U.S. due to a defect that may cause driver-side airbags to explode. The NHTSA cites long-term exposure to heat and humidity as a risk factor.
November 7, 2024 Auto Legislation & Regulation Liability Risk Management

Embedded Insurance Gains Ground as a Key Growth Driver

Embedded Insurance Gains Ground as a Key Growth Driver

Embedded insurance is reshaping the insurance industry, bringing coverage to consumers through everyday transactions and bridging the protection gap. With innovations in auto and mobility sectors, this approach aims to reach underserved customers, offering tailored solutions seamlessly integrated into purchases.
November 7, 2024 Auto Insurance Industry Risk Management Technology

2024 Hurricanes Leave Nearly 350,000 Cars Flood-Damaged, CARFAX Warns

2024 Hurricanes Leave Nearly 350,000 Cars Flood-Damaged, CARFAX Warns

In 2024, hurricanes have left an estimated 347,000 vehicles with flood damage across the U.S., CARFAX reports. Experts caution that many may be resold, potentially concealing dangerous and costly water damage.
November 5, 2024 Auto Catastrophe Fraud Risk Management Florida

How Attorney Ads May Drive Up Auto Insurance Rates, Per New Survey

How Attorney Ads May Drive Up Auto Insurance Rates, Per New Survey

A recent IRC survey reveals that attorney advertising may be influencing auto insurance costs, as 60% of respondents link it to higher claims and 52% believe it raises insurance premiums.
October 30, 2024 Auto Insurance Industry Legislation & Regulation Litigation Florida Georgia Louisiana

Embedded Insurance: The Key to Seamless Coverage for On-Demand Drivers

Embedded Insurance: The Key to Seamless Coverage for On-Demand Drivers

The on-demand economy is booming, yet drivers still face challenges accessing tailored auto insurance. Embedded insurance offers a seamless solution, streamlining coverage for the modern gig workforce.
October 30, 2024 Auto Insurance Industry Risk Management Technology
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