LexisNexis News
Americans Shop Around for Insurance More Than Ever as Costs Soar
Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that's squeezed household budgets, a new industry report shows. For car insurance, ...
Risky Driving Behavior, Advanced Tech Led to Higher Claim Frequencies in Auto
The auto insurance market is seeing higher claims frequency, in part, due to increasingly risky driving behavior and greater EV adoption which comes with expensive advanced technology, according to ...
Suit Says OnStar, LexisNexis Shared Driving Data With Insurers, Spiking Rates
Do motorist-assistance systems like GM's OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed ...
LexisNexis: Despite Challenges, Auto Insurers See Positive Growth in New Policies
Quarterly year-over-year auto insurance shopping growth in the U.S. was +5.2 percent in Q2 2023, according to the most recent LexisNexis Risk Solutions Insurance Demand Meter report. Reacting to ...
By the Numbers: Rising Insurance Litigation
A new report highlighting trends in federal district courts and appellate courts indicates insurance litigation continues to increase, especially relating to business liability policy, ...
Digital Personal Lines Claims Portals at High Risk of Identity Fraud
Identity-related fraud is putting personal lines insurers to the test. Nearly all offering digital claims portals reported, in a newly released survey, that identity fraud has a negative impact on ...
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 ...
LexisNexis: Auto Claim Severity Up 35% Over Pre-Pandemic Rates
Claim severity for both bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk ...