Personal Lines
Nationwide Insurance: Using a Decade of Learnings to Create Next-Generation Telematics Solutions
Telematics insurance has traversed more than two decades, cycling through phases of curiosity, dedication and subsequent disappointment. Only recently has the U.S. auto insurance sector acknowledged ...
Tesla Launched Its Own Car Insurance. These Drivers Say It’s a Lemon.
In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla, finding the initial $93 monthly premium "really reasonable." Sixteen days later, ...
Details of Calif. Wildfire Plan Sketchy, but a Useful Marketing Tool for Data Vendors
A proposal by California's insurance regulator to require insurers to write more policies in areas at risk of wildfires is more a promise than a plan, but the announcement is giving data analytics ...
More Americans on the Road This Thanksgiving Holiday
An estimated 55.4 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period, an increase of 2.3 percent over last year and the third-highest Thanksgiving ...
Hyundai, Kia Must Face Insurers’ Lawsuits Over Vehicle Thefts
A U.S. judge rejected bids by Hyundai and Kia to dismiss litigation by several hundred insurers seeking to recoup more than $1 billion they claim to owe drivers whose vehicles were stolen or damaged ...
Zurich’s Farmers Seeks More Fee Income Via Broker Acquisitions
Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for $760 million. The deal also includes the ...
U.S. Home Insurance Less Affordable Due to Natural Disasters, Rising Repair Costs: Report
The growing frequency and severity of natural disasters amid rising home repair costs, along with other economic factors, have contributed to less affordable homeowners insurance, according to a ...
Bad-Faith Payouts Are Penalties, Not Insurance Benefits, Florida Supreme Court Says
Randy Willoughby's lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury verdict against the co-owner of ...