A new report out this week offers updated insights on customer buying habits when it comes to personal auto and homeowners insurance.
In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a S&P Global Market Intelligence ...
GEICO General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds injured in automobile accidents.
The increasing popularity of electric vehicles (EVs), autonomous vehicles (AVs) and shared-mobility platforms will shrink the overall personal lines market 31 percent by ... Hyundai Motor and Kia Corp. will offer a software upgrade to 8.3 million U.S. vehicles in response to increasing thefts targeting vehicles without push-button ignitions and ...
Strategies For A Shrinking Auto Insurance Market
‘Telematics Is a Tool’: Root CEO Details Changed Strategy for 2023; UBI Basics
As InsurTech Root focuses its attention on signing up partners for embedded insurance relationships, telematics is taking a back seat to other pricing factors. But the company launched as a ...
Hyundai, Kia to Offer Software Upgrade to 8.3 Million U.S. Vehicles to Prevent Thefts
Auto Insurance Shopping – and Switching – Increases
Drivers are not only shopping around for auto insurance more than ever, they are switching carriers. According to a quarterly report from J.D. Power, in collaboration with TransUnion, the quote rate ...
Reflections on Auto Insurance: CM’s Top 10 News Stories of 2022
The list of top news stories for 2022 leaves little doubt about what our readers cared most about in the last 12 months. Auto insurance is a focus of 8 of the 10 most-viewed news stories published by ...
Progressive Reports Favorable Ian Development
Insurer Progressive reduced its estimate of gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian by $400 million, pushing the total down to $1.6 billion. ...
