auto insurance News
Car Insurance Savings App Jerry Announces $110M C2 Funding Round
Jerry, a car insurance savings app, announced its series C2 funding round, securing $110 million in equity and debt financing. The up round allowed the company to double its AI-powered services for ...
Another Insurer Limiting Florida Insurance Policies
AAA won't renew "a very small percentage" of homeowners and auto insurance policies in hurricane-wracked Florida, joining other insurers in limiting their exposure in the Sunshine State despite ...
Wind, Hail Contribute to Allstate’s May Cat Losses Estimated at $893M
Allstate reported estimated catastrophe losses for the month of May at $885 million, or $699 million after tax. May month catastrophe losses include 12 events estimated at $893 million, with ...
Drivers Are Shopping, Swapping Auto Insurance Policies at Record Pace
Drivers are kicking the tires and trading up for new auto insurance policies.
In the first quarter, new policy growth rate was up 17 ...
Survey: Some Customers Let Auto Insurance Lapse in Quest for Savings
A new report out this week offers updated insights on customer buying habits when it comes to personal auto and homeowners insurance.
Auto Insurance Results ‘Historically Bad’ in 2022: S&P
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 ...
Markets/Coverages: Clearcover, Experian Team on Embedded Auto Insurance Solution
Digital car insurer Clearcover Insurance Company, said April 26 that it launched an embedded insurance solution in which consumers receive final, bindable quotes when they shop on Experian's auto ...
GEICO Faces Class Action for Allegedly Underpaying Auto Claims
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 ...
Strategies For A Shrinking Auto Insurance Market