Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to a new S&P Global market outlook. According to the U.S. …
Local police departments will likely continue to hand out vehicle accident reports after some confusion over whether they or New Hampshire’s Department of Motor Vehicles should have that power. The Senate Judiciary Committee voted Tuesday to back a bill clarifying …
A new court decision will keep the public’s eyes from records of an auto insurance fund. The Michigan appeals court says the state Catastrophic Claims Association is a public body, but lawmakers legally carved out an exemption from public records …
By this point, we have all likely seen and read at least a handful of articles centered around millennials and their effect on nearly every facet of life. This is not surprising as millennials are currently the largest generation, at …
The property/casualty insurance industry has made money on its personal lines underwriting since 2013 but that is likely to change in 2015. At the same time, commercial auto insurance should still make an underwriting profit in 2015 although it is …
Auto insurance companies’ focus on their customers during the claims process is reflected in the continuing improvement in satisfaction, according to the J.D. Power 2014 U.S. Auto Claims Satisfaction Study released today. The study measures customer satisfaction with the claims …
State Farm has added object recognition technology to their Pocket Agent app to make submitting an auto claim via a mobile device easier and simplify the claims process. This new technology reduces the need for typing by using the mobile …
The Department of Financial Regulation says the Hartford Financial Services Group has agreed to pay more than $81,000 in restitution to Vermont customers whose auto insurance claims were improperly evaluated. The department said Tuesday that it had determined that the …
Solera Holdings, Inc., a global provider of software and services to the automobile insurance claims processing industry, announced that it has acquired 100 percent of the outstanding shares of Mensaelect S.A. Mensaelect’s proprietary, web-based product streamlines the invoicing process between …
Solera Holdings Inc., which makes software to process auto insurance claims, said Wednesday that profit in the June quarter fell 7.2 percent on higher costs, but the company offered an upbeat forecast for its new fiscal year. Solera said it …