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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

Ford CEO Predicts Level 3 Self-Driving Technology in Just a Few Years

Jim Farley envisions Ford achieving level 3 autonomous driving within a few years, revolutionizing the auto industry and reclaiming time for drivers.
June 5, 2024 Auto Insurance Industry Technology Michigan

Florida Men Charged with Fraud in Staged Auto Accident Scheme

Four men in Miami-Dade County are facing charges for allegedly staging a car accident and submitting fraudulent insurance claims, resulting in payouts totaling over $50,000.
May 24, 2024 Auto Fraud Insurance Industry Litigation Florida

Adjusters Share Realities of High-Stress Claims Industry on Reddit

Claims adjusters on Reddit reveal that there are no stress-free positions in the industry, highlighting the pressures and challenges across various types of claims.
May 17, 2024 Auto Liability Property Workers' Compensation

2024 Product Recall Insights: Trends and Predictions for US Industries

The 2024 State of the Nation Recall Index report by Sedgwick highlights key trends, statistics, and predictions in product recalls across US industries, including pharmaceuticals, consumer products, automotive, medical devices, and food and drink.
May 17, 2024 Auto Insurance Industry Legislation & Regulation Technology Michigan Minnesota

NJ Supreme Court Rules Electric Scooter Riders Not Covered by Insurance

New Jersey Supreme Court rules that low-speed electric scooter riders are not considered pedestrians under state insurance law, denying them personal injury protection coverage.
May 17, 2024 Auto Legislation & Regulation Liability Litigation New Jersey

Tesla Faces Class-Action Lawsuit Over Autopilot Claims

A federal judge has allowed a class-action lawsuit to proceed against Tesla over its Autopilot and Full-Self Driving (FSD) claims, alleging customers were misled about the technology’s capabilities.
May 16, 2024 Auto Fraud Legislation & Regulation Litigation Technology California

Staffing Shortages and Inadequate Safety Training Heighten Risks for Company Drivers

Nationwide’s new research highlights how staffing shortages and inadequate safety training are contributing to increased risks and distractions for company drivers, prompting calls for better training and safety measures.
May 16, 2024 Auto Education & Training Technology Workers' Compensation

Miami Fraud Ring Busted for PIP Scheme, Four Detained

Four individuals were arrested in Miami for orchestrating a Personal Injury Protection fraud scheme, highlighting ongoing insurance fraud issues in Florida.
May 15, 2024 Auto Fraud Insurance Industry Litigation Florida
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