auto insurance News
Allstate’s Q1 Profit Soars; Auto Line Pricing Improvement Progresses
Allstate saw its first quarter profit take a big jump this year to $666 million, up from the $217 million reported for the first quarter of 2016. Total revenue of $9.4 billion in the first quarter of ...
Erie Insurance Tops J.D. Power’s Annual Auto Insurance Customer Ranking for 5th Straight Year
For the fifth consecutive year in a row, Erie Insurance came in first in J.D. Power's annual ranking of auto insurance customer service. Erie Insurance's score of 879 out of a possible 1,000 comes as ...
Israeli Cybersecurity Company Sees Autos as Significant Growth Market
The Israeli cybersecurity company that pioneered corporate firewalls is making deeper inroads with the auto industry. Check Point Software Technologies Ltd., the world's second-biggest provider of ...
Apple Nears Road Testing Start of Self-Driving Car Software
Apple Inc. will soon take its self-driving car software platform to public streets for the first time, a major step that gets the world's largest technology company into a crowded race to reshape ...
The Latest Launches From Chubb, Liberty Mutual and RMS
Chubb is expanding its global clinical trial liability insurance coverage. Liberty Mutual is now giving premium discounts to auto insurance customers who drive a Volvo with advanced safety features. ...
State Farm’s Auto Underwriting Loss Soared to $7B in 2016; Profit Plunged
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2 ...
Carriers Challenge CFA Over its No-Fault Auto Insurance Report
A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer ...
Telematics-Based Car Policies in UK Reached New Highs During 2016
The number of live telematics policies in the UK exceeded three quarters of a million for the first time in 2016, according to annual research from the British Insurance Brokers' Association (BIBA). ...