Distraction, Speeding, Alcohol Drive Up 2021 Traffic Deaths
Nearly 43,000 people died in U.S. traffic crashes in 2021—the highest number in 16 years—with deaths due to speeding and impaired or distracted driving on the ...
Personal Lines
U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible?
Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry may be larger than initially ...
Florida Regulators Now Reviewing Rate Hikes of 14%, 62% and 103%
Three Florida insurance carriers, one large and two small, are seeking approval for major rate increases, with one condominium policy increase as high as 103 ...
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.
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has "not been solvent" and may ... For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with ... Roadways in the U.S. are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC ...
‘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 ...
DeSantis Turns Heads With Comment That Citizens Insurance ‘Not Solvent’; Board Approves Cat Bond
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
Heavier Vehicles, Distracted Drivers Impacting Claim Severity: CCC Intelligent Solutions
American Family Insurance Group Underwriting Loss Triples to $1.5B in 2022
Earlier this week, American Family Insurance report a 2022 net underwriting loss of $1.5 billion in its property/casualty lines, up from an underwriting loss of $460 million in 2021. The company ...
Telematics Master Class: How Progressive Offers Competitive Prices
During an investor conference last week, Progressive's leader revealed some subtle wording changes to the company's purpose and vision. Unchanged, however, are four pillars of Progressive's strategy, ...