Ontario, Canada auto insurance customers may have been overpaying by as much as $5 billion on their premiums. This figure accumulated over the last five years, said a new Ontario Trial Lawyers Association report.

Data is the lifeblood of the insurance industry, plain and simple. Insurers everywhere have embraced the digital age and are looking to new technologies - drones, the internet of things, AI, and blockchain — to obtain increasingly valuable data sets.

A new report based on US Bureau of Labor statistics has found that most motor vehicle accidents involving company cars occur during the personal time of employee drivers.

Wells Fargo has been slapped with a $1 billion fine for its unfair insurance practices. Thousands of the bank’s vehicle loan customers were sold additional unnecessary auto insurance policies.

Insurance companies are finally putting a price on the risk of distracted driving, and it’s relatively cheap. Last year, a ticket for using a mobile phone while driving added $226 to the average insurance policy, an increase of 16 percent, according to a new analysis from The Zebra, a Texas-based startup that helps consumers weigh insurance rates.

A bill filed last week could potentially prevent insurance companies from charging customers based on their educational background and/or income. Specifically, the bill — sponsored by a New Jersey congresswoman — would prohibit certain income information from being used to set insurance rates.

Marsh, a global insurance brokerage and risk management firm, announced the first commercial Blockchain solution for proof of insurance, Business Wire reported April 16. With this application of Blockchain technology, Marsh aims to transfigure the certificate of insurance process “from complicated and manual to streamlined and transparent”.

Newport Beach law firm Allen, Flatt, Ballidis & Leslie announced today that an Orange County jury has found GEICO Indemnity Insurance Co. (GEICO) guilty of operating in bad faith and using organization-wide stalling tactics to drag out an auto insurance policy settlement with a disabled Irvine businessman for almost six years.

Allstate has lost its previous coveted spot in the auto insurance market. The insurance company had previously been in third place in the country. That said, the National Association of Insurance Commissioners (NAIC) released data showing the provider’s downward slide.

Monday marked six months since the first full day of the firestorm that destroyed entire neighborhoods in Napa and Sonoma counties. But half a year later, some families say they are still unable to move on, and they blame roadblocks from their insurance company.

An “Inside Edition” broadcast posted Friday challenges the notion that a photo estimate is an adequate substitution for an in-person appraisal, bringing the issue to the national audience of what CBS called “television’s longest-running, top-rated and most-honored syndicated newsmagazine.”

Hundreds of health-care providers in Ontario are billing insurance companies for an improbable number of daily hours spent treating car crash victims, recent insider data suggest.

While many risk managers have had excellent experience with their third party administrators (TPAs), others have been disappointed. Unfortunately, when the match isn’t right, the risk manager may be left with poor claim outcomes, higher claims and insurance costs, and difficulty identifying issues and making corrections.

A new report revealed the impact of warming climates worldwide on the insurance industry. The impact of climate change on the economy will have an increased liability risk for insurance companies. Catastrophes related to extreme weather are becoming more severe and frequent, according to a Moody’s Investors Service report.

Like or loathe, the term “fake news” is now part of our national culture. Even the venerable Webster’s Merriam Dictionary now includes “fake news."