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Tag: Auto Insurance


Capital and Risk, Insurance, Regulations

Pennsylvania’s Auto Insurance ‘Regular Use’ Exclusion Faces State High Court Scrutiny

July 27, 2022

Via: Insurance Journal

The Pennsylvania Supreme Court has agreed to consider a case that could limit application of the “regular use exclusion” in auto insurance policies. The state’s high court has agreed to review a Superior Court ruling that the regular use exclusion […]


Capital and Risk, Insurance

Washington Man Wanted for Auto Insurance Fraud

June 30, 2022

Via: Insurance Journal

Vincent Labarbera, of Vancouver, Wash., has been added to Insurance Commissioner Mike Kreidler’s most wanted after he failed to appear in Clark County Superior Court to face felony charges of filing a false insurance claim and attempted first degree theft. […]


Capital and Risk, Insurance

Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer

May 18, 2022

Via: Insurance Journal

For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter. The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout and […]


Capital and Risk, Insurance

17 Arrested in Carolina Auto Insurance Fraud; Alleged Ringleader at Large

April 6, 2022

Via: Insurance Journal

South Carolina authorities have charged 17 people in what’s being called a major insurance fraud ring that staged vehicle collisions and filed false claims over a one-year period. The alleged fraud took place from August 2020 through October 2021 and […]


Activity, Insurance

Uber Vet Invests $50M in Metromile as Insurer Readies Reverse Merger to Become Public

February 2, 2021

Via: Insurance Journal

Auto insurer Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded company. Ryan Graves, Uber’s former senior […]


Activity, Insurance

GM Launches OnStar Auto Insurance Services Platform

November 18, 2020

Via: TheStreet

General Motors (GM) – Get Report on Wednesday unveiled a new digital auto insurance platform, OnStar Insurance. A new insurance agency, OnStar Insurance Services, will be the exclusive agent for OnStar Insurance. GM customers who subscribe to the OnStar vehicle-safety […]


Activity, Insurance

Why Loyal Customers May Be Paying More for Auto Insurance

June 25, 2020

Via: TheStreet

You expect your car insurance rates to increase after you buy a new vehicle, cause a crash or add a young driver to your policy. But some insurers jack up prices based on seemingly unrelated data — like your magazine […]


Activity, Insurance

How Coronavirus Has Affected Auto Insurance Shopping

May 19, 2020

Via: Insurance Journal

This year began with auto insurance buyers shopping around more than ever but by mid-March shopping began to slow down before returning to normal a few weeks later. According to the data firm LexisNexis, shopping has closely mirrored other pandemic […]


Activity, Capital and Risk, Credit, Insurance

New York’s NYCM Insurance Announces Credit to Auto Policyholders

April 17, 2020

Via: Insurance Journal

NYCM Insurance will be issuing a credit to its approximately 230,000 auto policyholders. All auto policyholders as of April 30, 2020, will receive a 15% credit back from their April and May premiums. Customers will not need to do anything […]


Activity, Insurance

Connecticut Calls on Auto Insurers to Extend Coverage to Personal Delivery Drivers

March 30, 2020

Via: Insurance Journal

Connecticut Insurance Department Commissioner Andrew N. Mais has called on insurers to immediately institute an extension of coverage for personal delivery drivers in light of the disruption caused by the COVID-19 pandemic. “The emergency social distancing and closing of restaurants […]


Activity, Insurance

Maryland Auto Insurance’s FineFix Program Launches Statewide

September 4, 2019

Via: Insurance Journal

A new state program in Maryland will help eligible residents reduce their outstanding uninsured auto fines, eliminating a hurdle to registering and insuring their vehicles. FineFix is a partnership between the Uninsured Division of Maryland Auto Insurance and the Maryland […]


Activity, Insurance

Chronic Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch

August 27, 2019

Via: Insurance Journal

U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive year of underwriting losses in 2019, according to Fitch […]


Activity, Insurance

Auto Insurance Buyers’ Satisfaction Rises When They Are in Driver’s Seat

June 20, 2019

Via: Insurance Journal

U.S. auto insurance consumers are quite happy about their coverage, and a growing shift to direct-to-consumer models has driven much of their good feelings. In a new report, J.D. Power says overall customer satisfaction with carriers rose in 2019 to […]


Activity, Insurance

California Commissioner to Hold Hearing on Auto Insurance Groups And Premiums

May 14, 2019

Via: Insurance Journal

California Insurance Commissioner Ricardo Lara plans to hold an investigatory hearing into how insurers’ use of occupational, educational, and other groups for setting automobile insurance rates affects insurance premiums for lower-income Californians. The hearing is set for Sept. 17 at […]


Activity, Insurance

Commercial Auto Market Should Improve This Year But Not a Lot: A.M. Best

April 4, 2019

Via: Insurance Journal

A.M. Best maintains its negative outlook for the U.S. commercial auto insurance market even though its analysts believe it should improve somewhat in 2019. That forecast stems from commercial auto insurers having taken steps to address their most problematic exposures, […]


Activity, Insurance

State Farm Announces 4.9% Auto Insurance Rate Decrease in Virginia

February 15, 2019

Via: Insurance Journal

State Farm Mutual Automobile Insurance Company will cut its rates in Virginia for the second time in two years. As a result, its overall personal auto rate will drop by 4.9 percent. The total state-wide expected impact for State Farm […]


Activity, Insurance

The Bad News About High Auto Insurance Customer Satisfaction

December 10, 2018

Via: Insurance Journal

Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their overall customer experience is being tested by the rising cost of auto insurance. For insurers, on the other hand, record […]


Activity, Insurance

Wells Fargo Seeks to Limit Payout for Faulty Auto Insurance Plan

November 26, 2018

Via: Insurance Journal

Wells Fargo & Co. is fighting to shut some customers out of a sweeping plan to compensate around 600,000 drivers it pushed into car insurance they did not need, according to court documents and a source familiar with the effort. […]


Activity, Insurance

One Auto Insurance Claim Can Cost You a Lot

April 3, 2017

Via: TheStreet

Your insurance only helps you if you file a claim, right? Depends on the claim. If you can cover the cost of damages without doing yourself much financial harm, that may be less disastrous to your finances than filing a […]


Activity, Insurance

Who Will Insure Self-Driving Cars?

February 6, 2017

Via: Strategy Business

If you are an executive of an auto insurance company, pay attention — you may not have a business in 20 years. You can blame the fundamental shifts in auto safety and data mining that connected car and autonomous vehicle […]