auto insurance News
How Inflation Is Driving Up Loss Costs for Auto, Home Insurers
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5 percent inflation rate announced last week. Perhaps that ...
New Auto Insurer Sensa’s Device Analyzes Accident, Triggers Emergency Services to Crash Site
A new auto insurer is turning the tables on car manufacturers that offer insurance with their roadside and emergency services by including these accident services with its auto insurance policy. ...
Opportunistic Crime: Catalytic Converters Thefts Still Soaring
In the tiny town of Lawrenceville, Va., a van owned by Poplar Mount Baptist Church was knocked out of commission for weeks after thieves cut the catalytic converter out of its exhaust system. Several ...
Marshmallow, a $1.3B Car Insurance Startup, Aims for the Big Leagues
For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as ...
Insurers Win With Appeal Reversing Temporary Ban on Use of Credit Scoring
A judge in Washington ruled in favor of the insurance industry's argument against Washington Insurance Commissioner Mike Kreidler's emergency rule temporarily banning use of credit scoring. ...
Germany’s Getsafe Raises Another $63M Toward Bid to Become Full-Stack Carrier in Europe
Getsafe, a digital MGA based in Germany, raised another $63 million in funds, with plans to use the added cash to fund its own insurance license by the end of 2021 and accelerate its European ...
Auto MGA Loop Raises $21M, With 10 More States in Its Sights
Loop, a managing general agency InsurTech focused on auto insurance, raised $21 million in new financing from multiple investors to help fuel ongoing expansion plans into additional states. "Their ...
Root Grew Q2 Premiums, but Net Losses Soared; Stock Price Drops Nearly 20%
Root continues to make steady traction growing its premium volume, benefiting in part from rate hikes and new initiatives. But the Ohio-based digital auto insurer saw its loss ratio spike in the 2021 ...