Tag: Auto Insurance

May 14, 2019

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 […]

April 4, 2019

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, […]

February 15, 2019

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 […]

December 10, 2018

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 […]

November 26, 2018

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. […]

April 3, 2017

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 […]

February 6, 2017

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 […]

September 12, 2016

Premiums for U.S. auto insurers may drop more than 40 percent once the use of automated vehicles has been fully adopted by 2050 and driving becomes safer, according to insurance broker Aon Plc. “We as an industry need to act […]

May 4, 2016

There is no such thing as a minor traffic ticket. Though the Insurance Information Institute (III) likes to point out that the annual cost of auto insurance has been nearly flat in recent years — rising from $798 in 2011 […]