Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegation that National General and subsidiaries “engaged in a scheme to defraud customers” by putting its insurance product onto vehicles financed by Wells Fargo. …
Elderly drivers now account for one-in-four fatal crashes in the U.S., a new study shows. Licensed drivers over age of 70 have risen in the previous decade, according to a report from ValuePenguin, a finance website specializing in research and …
Recently, a local television newscast ran a short report on the current high price of auto insurance. After recording one or two predictable complaints from the general public, the reporter ascribed the high prices to the high cost of “labor …
Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the insurer underpaid their total loss claims on their vehicles. The $48 million represents approximately 54% of the compensatory damages alleged …
The auto insurance and repair industry must “adapt to new patterns and prepare for an unpredictable future,” according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a property/casualty insurance cloud platform provider. The latest report …
The rebound in US auto sales likely lost momentum last month as high prices, steep borrowing costs and cyberattacks that hobbled dealerships across the country weighed on deliveries. Vehicle sales will probably slow to an annualized rate of around 15.8 …
In the early 2000s, many accident reconstructionists believed that the emergence of event data recorders meant that EDRs would replace many of the traditional accident investigation techniques. These EDRs were commonly found integrated into the airbag control modules (ACMs) of …
Traffic fatalities declined about 3% in the first quarter, according to preliminary data from the National Highway Traffic Safety Administration. The organization said that it estimates that 8,650 people died in traffic crashes in the first three months of the …
High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The challenges will continue through the end of the year and beyond, according to the 2024 U.S Auto Insurance Trends Report …
Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding, a new survey shows. Respondents in a survey out this week from Trusted Choice, a group representing the members of the Independent Insurance Agents & Brokers of …